Bank of Communications' credit card is overdue for more than two months, and now it has received a notice from the court to file a case tomorrow. Want to know the truth at this time.

Q: Bank of Communications' credit card is overdue for more than two months, and now it has received a notice from the court to file a case tomorrow. Want to know the truth at this time.

A: The Scout Law Online Consultation will answer your question.

Generally, a credit card can enter the judicial process and file a case after 90 days overdue. The time limit for prosecution is two years. Consequences of credit card failure (dunning steps): ① The issuing bank will collect credit card loans according to law. According to the loan contract and guarantee contract (mortgage or pledge contract), the issuing bank will sue the court, and the court will take measures such as property preservation, including freezing the bank deposit of the credit user and sealing up the pledged property. (2) After the judgment is made, the property will be enforced (deducting deposits, auctioning collateral, etc.). Pay off the bank's loan losses according to law. Specifically, it includes: default of principal, default of interest, overdue interest, default interest, all litigation costs arising therefrom, and related expenses incurred when disposing of pledged property. (3) Credit will be affected. If the borrower is a company, your company will be recorded in the national bank credit information system, and credit card overdrafts in the name of individuals will also be recorded as overdue loans in the national personal credit information system. (4) If you don't owe the bank loan in bad faith and have the ability to pay the interest of normal credit card overdraft, it is suggested to apply to the credit card center for suspension of repayment first, explaining the willingness to repay, the fact that the credit card is not in arrears for the time being and the plan for future repayment. Under normal circumstances, the bank will give a grace period.