The 200 yuan I owed 11 years ago turned into a 30,000 yuan debt. What happened?

I only owe 200 yuan, but after 11 years I have to pay back 30,000 yuan. Such high interest is really prohibitive. What is going on? Let us find out together. More than ten years ago, Ms. Tang and her husband went out to work in Beijing. In 2008, her husband was preparing to learn to drive in Beijing and get his driver's license, so Ms. Tang and her husband applied for a credit card at the driving school.

Later, Ms. Tang said that she did not know it was a credit card and thought it was just a simple savings card. The card was also used by the couple to pay traffic violation tickets. Later, they also deposited their wages into this bank card and took it out when needed. In 2009, Ms. Tang and her husband expressed that they wanted to return to their hometown of Chongqing, and they no longer wanted to use this card before returning. So when withdrawing money, they withdrew an extra 200 yuan, but they did not expect that because of this 200 yuan, they now need to repay a debt of more than 30,000 yuan.

After returning to Chongqing in 2009, they discarded the mobile phone cards they had applied for in Beijing and exchanged them for local mobile phone numbers. In July this year, Ms. Tang’s husband wanted to apply for a debit card at this bank in Chongqing. That month, Ms. Tang’s husband received a text message from the bank, and this text message reminded Ms. Tang’s husband that he already owed more than 32,000 yuan. After thinking about it, Ms. Tang never thought when she would owe such money.

After Ms. Tang and her husband went to the bank counter to settle the bill, she remembered the credit card she had applied for more than ten years ago. In October 2009, after Ms. Tang and her husband returned to Chongqing, this bank card began to be overdrawn, and some late payment fees and loan interest were incurred every month. The late payment fee started to increase from one yuan per item at the beginning. By June 2015, it reached 500 yuan and then stopped increasing. After the growth was capped, the late payment penalty remained at 500 yuan per month. Starting from January 2017, the late payment fee was cancelled, and the bank began to charge credit cards. The penalty of 500 yuan per month continued until 2018. June of the year.

As of this year, Ms. Tang and her husband have owed more than 30,000 yuan. Regarding this matter, the lawyer’s response is that you can go to the bank to check the statement. Check to see if you remember the wrong amount. If I remember correctly, both parties need to negotiate to see if they can reduce or reduce the amount. If it is not possible, the only option is to sue the bank through litigation and go to court.