How long will China Merchants Bank be sued for overdue credit cards?

China Merchants Bank will be sued if its credit card is overdue for more than three months. Generally, if the credit card is overdue for one month, you will receive a short message from China Merchants Bank, repay the loan in time and have a good past credit, so you can apply not to record it in the credit report;

If it is overdue for two months, the cardholder will be reminded of the liquidated damages and overdue interest by phone. If the repayment is made at this time, the amount will be reduced, but it will be recorded in the credit report;

Overdue credit cards usually have the following consequences:

What are the consequences of credit card overdraft?

1, dunning

Calling means that if you don't deposit money into your credit card account on the final repayment date stipulated by the bank, the bank will initiate a repayment call to you. Common dunning methods include telephone dunning and letter dunning.

2. Expired records

If you don't deposit the due amount (or the minimum repayment amount) into your credit card on the last repayment date, the bank will classify your credit card as overdue. Overdue credit cards will be included in the personal credit information system, forming a credit stain. The overdue records of banks are shared by * * *, so if you are overdue in one bank, other banks will reject your credit card application, and then you will be rejected if you want to apply for a mortgage or car loan from that bank.

3. Legal punishment

If the credit card is overdue, if it is a malicious overdraft, the excess may constitute crimes such as credit card fraud.

According to Article 196 of the Criminal Law of People's Republic of China (PRC), the crime of credit card fraud refers to the act of using forged or invalid credit cards for the purpose of illegal possession, or fraudulently using other people's credit cards or maliciously overdrawing credit cards to defraud public and private property.

Once convicted and sentenced, you will leave a criminal record, which will not only be punished, but also affect your later life. Article 675 of the Civil Code

The borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.

Article 676

If the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant state regulations.

Article 677

If the borrower repays the loan in advance, unless otherwise agreed by the parties, the interest shall be calculated according to the actual loan period.

Article 678

The borrower may apply to the lender for extension before the repayment period expires; If the lender agrees, it can be extended.