Will I be sued if my credit card is overdue?

If you fail to pay your credit card overdue, you may be sued.

1. The bank collects the debt: If the credit card is overdue, the bank will usually take measures to collect the debt. They may collect through phone calls, text messages, emails, etc., and may entrust a collection agency to recover overdue repayments. These collection actions are intended to prompt cardholders to pay off overdue balances.

2. Possibility of being sued: If the cardholder refuses or is unable to repay, the bank may take legal measures and file a lawsuit to recover the arrears. They can apply for enforcement through the court, initiate litigation against overdue cardholders, and recover arrears and related fees.

3. Possible consequences: Once sued, the cardholder may face a series of legal consequences. The first is to face possible legal disputes and litigation costs, and may need to pay overdue interest, late fees and other fees. Secondly, the cardholder's personal credit record may be negatively affected, reducing the possibility of obtaining loans, credit cards and other financial services in the future.

Summary: Overdue credit card payments may result in prosecution. Banks will often use a variety of means to recover debt owed, such as collection actions and legal proceedings. Cardholders must be aware of the legal consequences of late repayment, including facing possible litigation costs, overdue interest, and damage to their credit history.

Extended information: According to relevant laws and regulations in China, late payment of credit card payments is regarded as a breach of contract, and banks have the right to take legal measures to recover arrears. Relevant laws stipulate that credit card holders have repayment obligations and stipulate the consequences and procedures for late repayment. Cardholders need to pay attention to the credit card repayment date and pay off the balance in time to avoid possible legal risks.

Please note that the above answers are based on general circumstances. Specific circumstances may vary due to bank policies, individual cases and other factors. If you encounter an overdue credit card issue, please communicate with the bank promptly and understand the relevant laws and regulations.