What should I do if I am sued by CITIC Bank?

Being sued by the bank is nothing more than arrears. Repayment is the best solution.

Malicious arrears, also known as malicious overdraft, is an illegal act relative to goodwill overdraft. Malicious arrears refers to the behavior that the cardholder intentionally overdraws within the time limit and limit for the purpose of illegal possession, and refuses to return it after being collected by the issuing bank.

Malicious overdraft mainly has the following characteristics:

(1) Exceeding the overdraft limit, whether it exceeds the overdraft limit shall be subject to whether the credit card account balance exceeds the limit;

(2) Failing to repay the overdraft principal and interest within the prescribed time limit and continuing to overdraw;

(3) Failure to obtain the license authorized by the issuing bank before exceeding the limit or overdue overdraft, including evading authorization, forging authorization and defrauding authorization;

(4) The overdrafter subjectively has the intention of illegally occupying the card issuing funds.

Extended data:

Implementation method:

Inquire, freeze and transfer the deposit of the person subjected to execution.

Inquiry refers to the activities of the people's court to investigate, inquire or check the deposit of the respondent to banks, credit cooperatives and other units.

Freezing refers to the compulsory measures taken by the people's court to prohibit the withdrawal or transfer of the deposits of the respondent in banks, credit cooperatives and other financial units during the period of litigation preservation or execution.

When the people's court takes freezing measures, it shall not freeze the special funds designated by the state in the bank account of the respondent. However, if the respondent uses these names to hide funds to avoid fulfilling his obligations, the people's court may freeze them.

The maximum time limit for freezing the deposit of the person being executed is six months. If you need to continue to freeze, you should go through the freezing procedures at banks, credit cooperatives and other places. Before the expiration of the freeze period. Otherwise, if it is not handled within the time limit, it will be regarded as automatic thawing.

Transfer refers to the measures taken by the people's court to transfer the deposit of a legal person or other organization as the respondent into the respondent's account according to the amount stipulated in the notice of assistance in execution of the people's court. The transfer of deposits can be carried out on the basis of freezing or direct transfer without freezing.

References:

Baidu encyclopedia? court summons