Is it illegal for banks to hang banners in borrowers' homes to collect loans?

It is recommended to repay the arrears as soon as possible. There are five main ways for banks to collect credit cards: one is SMS collection. Mainly for the cardholder's early and overdue repayment behavior, usually 7 to 15 days overdue. SMS mainly plays the role of reminder. Second, telephone collection. Call to remind repayment mainly for overdue behaviors that are more than 30 days and more than one billing cycle. Third, door-to-door collection. Mainly overdue for more than 90 days, the bank will arrange the collection staff to collect the repayment at the cardholder's residence or work address. Fourth, the court sued. Mainly more than half a year overdue, the bank will apply to the court to sue the cardholder for repayment. Fifth, outsourcing collection. Mainly for overdue 1 year or more, the bank packages and discounts overdue funds to the outsourcing collection company, which is responsible for overdue debt collection. Overdue consequences: 1, resulting in overdue interest and late fees; If you don't pay in installments, the customer will have a late fee. Every company has its own differences at present. Generally, if the payment is overdue for more than 10 days, you will have a high late payment fee, which will be compounded monthly. I owe thousands of dollars, and in a few days, I will have a late payment fee of several hundred yuan. The longer the time, the higher the interest. 2. How important is your personal credit record, as long as you have applied for installment or loan. Once your credit history is defiled, it's hard to get it back. This is not the most troublesome. Worst of all, if you want to buy a house in the future, the loan amount with credit stain will be less than others, and the interest rate will be higher than others. If it is overdue, Shen even wants to fly, high-speed rail, hotel and mobile phone. 3. Banks will collect money and may face criminal problems.