Consumer Finance loans overdue may be prosecuted in 90 days. Generally, Industrial Credit Card will consider suing after the cardholder owes money for 3 months. Of course, it also depends on how much the credit card is overdue. Dozens and hundreds of credit cards will not be prosecuted. After the user consumes financial loans overdue, the lending institution will regard the short-term loans overdue behavior as non-malicious overdue, so long as the lender pays off all the arrears immediately, it will not pursue the lender's responsibility. Consumer finance will first collect users' text messages and phone calls. This collection will last for a long time, and it will be unsuccessful for a long time. The overdue time is more than 90 days. Consumer finance will decide whether to sue users according to the actual situation. Because prosecution requires a certain amount of manpower, material resources and financial resources, consumer finance will not sue users until the last minute.

In addition to SMS collection and telephone collection, consumer finance also has a door-to-door collection model. Door-to-door collection, similar to prosecution, is a high-cost collection mode, so it is a small loans overdue, and consumer finance will only take SMS collection and telephone collection as the main collection forms. Only when the overdue amount is very high and the overdue situation is very bad will consumer finance consider suing or collecting money at home.

Even if the user is sued by a consumer finance company, as long as the user is willing to repay, the consumer finance company will withdraw the lawsuit, and the purpose of the lawsuit is to let the user repay as soon as possible.

Industrial Bank's overdue credit card records will be reported to the credit information system. After the deadline, the cardholder will also face the following consequences.

1, late fee

After the deadline, Industrial Bank will charge 5% overdue fine for the unpaid part of the minimum repayment amount, and the overdue fine = (minimum repayment amount-actual repayment amount) ×5%.

Step 2: Interest

In addition to the late payment fee, Industrial Bank will also charge interest at the daily interest rate of 0.05%.

3. Criminal responsibility

If the overdue situation is serious and refuses to repay after collection, Industrial Bank will sue. If you are convicted of credit card fraud, you will not only be blacklisted by banks and courts, but you may also go to jail.

After an individual applies for a loan, he must return it within the prescribed repayment period. Once the overdue behavior occurs, his credit will leave a bad record, which will bring inconvenience to life and will be blacklisted. So that you can't fly, high-speed rail, accommodation, etc. ; More seriously, children will not be able to go to key schools; There will be more punishments in the future, so it can be said that life is hard.

Legal basis:

Article 186 of the Civil Code of People's Republic of China (PRC) stipulates that if one party violates the contract and damages the other party's personal rights and property rights, the injured party has the right to choose to ask him to bear the liability for breach of contract or tort.