What is the overdue collection process of bank credit cards?

"Why should I pay back the money I borrowed with my ability?" Is it true?/You don't say. /You don't say. If you take it seriously, you will regret it, especially after watching the overdue collection process of credit cards.

Different overdue situations, different overdue times, and different collection methods.

1, MO period

From the second day of the previous payment date to the next payment date.

During this period, the bank records are almost intact, but there will be late fees and full interest. Banks generally don't charge money, but only prompt overdue payment through SMS platform or telephone.

2.M 1 class

That is, between the unpaid date of the second draft and the last payment date of the second draft.

There will be interest and liquidated damages at this stage. The interest will be compounded according to the amount owed now, which is very high.

Payment method: Banks will generally remind customers with a large amount, that is, the cashier in the payment department of the credit card center calls to remind customers to repay, while some banks do not charge money at this time in order to earn more liquidated damages and interest.

3. M2 level

That is, between the unpaid date of the third draft and the final payment date of the third draft.

The biggest impact is that the credit record is polluted, which has a great impact on the future, such as applying for a credit card, applying for a loan, buying a car and buying a house.

Collection method: The relevant collection personnel will call to inform the credit history and other consequences that will affect the non-repayment, and contact the debtor's relatives and friends during this period to help remind the debtor to repay. Some banks have difficulties in collecting money, and even some payees pretend to be relevant lawyers to put pressure on debtors, but some banks are only reminders of this period.

4, M3 level

That is, between the date of the fourth bill and the last payment date of the fourth bill.

This stage has seriously affected personal credit.

Payment method: the senior cashier asks the debtor to repay by telephone, SMS, lawyer's letter, etc. The lawyer's letter is sent to the address of the residence and company filled in when applying for a credit card. Some overdue businesses are entrusted to various cooperative institutions for collection.

5. M4 level

That is, between the date of the fifth bill and the final payment date of the fifth bill.

Payment method: In this case, the staff of the sub-center of the bank will also come to the door for dunning, but most of them will ask for help in interviewing for repayment, and contact the cardholder's household registration to find relatives and friends to transfer money.

6.M4+ Stage

In this case, most accounts can't contact the cardholder at all, or there are fake or stolen cards, or the cardholder is dead, or is able to repay but unwilling to repay.

According to article 196 of China's criminal law, it should be handled according to the situation. In some cases, they will choose to report the case to the Economic Investigation Department of the public security organ and announce it to the media in an open court to remind other overdue customers who intentionally breach the contract.