Will I be jailed for overdue Citibank credit cards? How many years will I be jailed for overdue Citibank credit cards?

1. Will you go to jail if your Citibank credit card is overdue?

After the bank files a lawsuit, the court will make a ruling in accordance with the law. If the bank files a criminal lawsuit and you maliciously overdraft If you reach a certain amount, you are likely to go to jail.

Article 6 of the "Interpretations of the Supreme People's Court and the Supreme People's Procuratorate on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases Obstructing the Management of Credit Cards" stipulates that cardholders who exceed the prescribed limit or overdraft within the time limit for the purpose of illegal possession , if the card is not returned for more than three months after two effective calls by the issuing bank, it will be regarded as a malicious overdraft stipulated in Article 196 of the Criminal Law.

Malicious overdrafts should be investigated for criminal liability, but if the people's court has repaid all the overdraft interest after the public security organ files the case and before the judgment is announced, it may be given a lighter punishment. If the circumstances are minor, the penalty may be exempted. The malicious overdraft amount was relatively large, and all overdraft interest had been repaid before the public security organ filed the case. If the circumstances are obviously minor, criminal liability may not be pursued in accordance with the law.

2. What are the remedial measures for a Citibank credit card that is overdue for three months?

① It is best to continue using this card

After the expiration, the best way Just continue to use this card and overwrite the original negative record with the new normal repayment record. Generally, a new credit record will be generated after 24 months, and personal credit will not be affected after the refresh.

②Don’t run away

If you are overdue for a long time, your credit card will make a profit and the late payment fee will be high. If you run away, the bank will consider you to have maliciously overdrafted and call the police.

　③Inability to repay the debt must be explained in time

If you are unable to repay the loan on time due to unemployment or illness, before the final repayment deadline arrives, state your financial situation and declare that you are not maliciously owing money. You can apply for deferred repayment and interest discounts.

④It is best to repay in full and explain

If you forget to repay due to usual carelessness and find that it is overdue, you must repay in full as soon as possible. It is best to repay in full. Because calling the bank to explain after full repayment is not the most likely malicious arrears request to eliminate overdue records.

3. What are the main overdue collection methods for Citibank credit cards?

First, text message collection

Mainly aimed at early cardholders’ overdue repayment behavior, generally overdue 7-15 days, text messages mainly serve as reminders.

2. Telephone collection

Telephone reminders for repayment are mainly for overdue behavior that exceeds 30 days and exceeds one billing period.

3. Door-to-door collection

If the payment is overdue for more than 90 days, the bank will arrange collection personnel to visit the cardholder’s residence or work address to collect repayment.

Fourth, court prosecution

The bank will apply to the court for more than six months overdue, requiring the cardholder to sue for repayment.

Fifth, outsourced collection

Mainly for overdue debts that are more than one year old, banks package overdue funds and give them at a discount to outsourced collection companies, which are responsible for collecting overdue debts.

It should be noted that the bank’s preferential recovery activities are generally for penalty interest, and the principal is generally not eligible. For example, the discount method adopted by China Minsheng Bank last year to encourage repayment is also a disguised collection strategy, mainly targeting cardholders who have been overdue for more than one year and have large overdue penalties. The bank waives penalty interest and encourages cardholders to repay as soon as possible to ensure the safety of bank principal. Cardholders with short-term overdue cards generally cannot enjoy this policy.

Don’t panic if your debt is overdue. Legal assistance will help you negotiate, and a professional team of lawyers will plan a repayment plan for you one-on-one.