1. How to analyze real cases of overdue collection of credit cards

1. Banks first use phone calls and text messages to collect. At this stage, the bank mainly reminds you that it is overdue. Generally there will be no frequent text messages or phone calls. Don't run away and negotiate calmly.

2. Generally speaking, after the bank’s collection call is invalid, it may come to your door to collect the money. Everyone should pay attention to the number of people who come to the door, whether there are any violations at the door, and save the evidence. If so, you can call the police directly. Of course, if the other party forces you to open the door, you can also call the police.

3. If on-site collection is still ineffective, the bank will take final measures to sue. You must be careful at this stage, because the court believes that the cardholder maliciously overdrafts, which constitutes credit card fraud, and is punishable by at least two years in prison or criminal detention.

2. What are the consequences of an overdue credit card?

1. If the credit card is just overdue, the bank will call to collect the credit card every few days. If you can pay off your debt within one month of being overdue, you can also delete the overdue record without affecting your credit information. If it is overdue for 2 consecutive months, you can also negotiate with the bank to delete it.

2. If you continue to default, it will leave a bad record on your credit information. If a debtor wants to apply for a credit card loan after having a bad credit record, he will find that almost no banks or online loan platforms will approve it. This is because when applying for a credit card or online loan, the debtor's credit information will be inquired. If there is a bad record, the loan will not be given.

3. Over time, interest will continue to increase, and a small amount of money can turn into a huge sum. The daily interest rate for credit cards is 0.5%, and 5% of all outstanding balances shall be used as liquidated damages.

3. How to restore the credit report if it is not good

1. Pay off the debt immediately. More than five years after the debt is paid off, the credit information will be updated again and the bad records will be cleared.

2. If you really can’t afford it, you should take the initiative to negotiate and communicate with the bank and apply for installment repayment or interest suspension. Otherwise, credit information will always remain a bad record.

3. After paying off the balance, don’t rush to sell the card. After you sell the card, your credit information will not be updated, so even if you pay off the balance, you will still have a bad record. It is best to wait for the bad records to be eliminated after five years before selling the card.

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