1. What should I do if the bank sues me for malicious default on my credit card?

If the bank sues the customer for maliciously defaulting on a credit card, the customer must pay off the debt immediately. As long as the customer pays off the credit card in time, the bank will withdraw the lawsuit. If the customer is unable to repay the loan, he should try his best to repay the loan, and then contact the bank to explain clearly that he does not have the ability to repay, indicating that he did not intentionally fail to repay the loan overdue, and then he can try to apply for an extension of the repayment period. Repay debts in installments and suspend interest payments.

The bank will consider this at its discretion. If it is finally agreed, the lawsuit will be withdrawn, and then the customer will only need to repay the debt on time and in installments according to the newly negotiated repayment plan.

In this case, there is generally no enforceable property in the name of the court, and the court will mediate between the parties to stop the loss. Under normal circumstances, cardholders need to pay the interest and late fees in arrears, and then sign a personalized installment agreement with the bank to divide the outstanding amount into 12-60 installments. During this period, the bank will stop collecting payments, but the cardholder must repay the amount agreed in the agreement every month.

2. The consequences of overdue credit card repayment

The consequences of overdue credit card repayment are serious, so overdraft consumption should be moderate. Although the biggest feature of a credit card is its overdraft function, it actually constitutes a loan relationship between the customer and the bank. Failure to repay when due may not only cause legal disputes, but also bear high penalty interest, and most importantly, Forming a bad credit record will have a negative impact on future work and life.

1. Bear high penalties and interest.

After a credit card defaults, the penalty fees usually involved are recurring interest fees and late payment fees. Revolving credit is essentially a small, unsecured loan that accrues interest on a daily basis. If the full amount is not repaid on the final payment date, revolving credit interest will accrue on the next statement, and the interest will be charged from the date the consumption is recorded. Calculate interest.

2. Cause legal disputes.

Violent collection of credit cards has become a hot topic. Many bank credit card centers outsource credit card repayment collection to some so-called "debt collection companies". These companies are good and bad, and their debt collection methods are relatively rough, which brings great consequences to customers. Troubled.

3. Leave a “credit stain” in the national credit reporting system.

As long as you apply for a card or get a loan at a bank, your own "credit report" will be automatically generated in the system. The "stains" in this report cannot be ignored, and it will affect When applying for various types of loans, insurance, job hunting, studying abroad, etc., bad records are generally retained abroad for 7 years. Citizens’ overdue negative records will no longer remain with them for life. If they can repay their loans on time and in full for five consecutive years, their credit will be clean.

Regardless of the reason for the overdue credit card debt, as long as the debtor neither repays the debt nor actively negotiates with the card-issuing bank after the overdue date, the credit card debtor will be If the debt is deemed to be an overdue debtor, the card-issuing bank can collect the debt through phone calls or text messages, and can also charge high penalty interest and liquidated damages.