First, the court will hold a hearing
The court will hold a hearing at the specified time, at that time, you will appear in court as a defendant. However, in this case, most defendants choose not to appear in court, and the court finally makes a judgment by default.
if you choose to attend the trial, the court will organize mediation, mainly because the court will hear a lot of such cases every year, and the evidence and facts are simple, and there is nothing complicated, which is basically an assembly line operation. In order to improve the settlement rate and trial efficiency, the court will organize mediation between the two parties. In this case, it is actually beneficial to the debtor, because in order to improve efficiency, the court often puts pressure on the bank to make certain concessions and reduce certain interest and penalty interest. On the one hand, the bank is forced by the judge, and on the other hand, it will promise to make certain concessions in order to repay the money. Finally, the two sides reach a mediation.
If you don't choose to appear in court, the court will make a default judgment after hearing the facts of the case. At this time, the application from the bank will basically be satisfied, which is very unfavorable to the debtor.
second, the bank will apply to the court for enforcement
after the two parties reach a mediation or make a judgment after the court hearing, if you fail to fulfill the corresponding repayment obligations in time according to the mediation or judgment, the bank will apply to the court for enforcement with the mediation or judgment, and the bank will probably apply to the court to seal up and freeze your bank account, real estate and other properties. After receiving the application, the bank will inform you to fulfill your repayment obligations, and seal up and freeze your house property, bank deposits and other property.
If you have the ability to perform and refuse to perform the repayment obligations, you will be listed as an executor of dishonesty by the court upon the application of the bank, that is, "Lao Lai".
Of course, if you really have no other property to execute, the court will also decide to terminate this execution.
what should I do if my credit card is overdue?
1. Express your willingness to repay to the bank
When the credit card is overdue, you must never ignore it. First of all, you should get in touch with the bank, show your current economic situation, and take the initiative to express your willingness to repay. I hope the bank will coordinate and customize a reasonable repayment plan, and then make efforts to make money and slowly pay off the arrears.
2. Keep the call open
Bank staff will keep contacting you after the deadline, but don't deliberately avoid these calls. After connecting the phone, you should clarify your willingness to repay and the current economic pressure in time, and beg for some time.
Don't be afraid if you really go to the judicial process and the court accepts it: don't escape, don't be afraid. China is a society ruled by law at present, and we believe in the just result of the law and handle it according to the result accepted by the court. Whether you are afraid or not, you should come or not. You may be late, but you won't be absent.