What is the overdue collection process of bank credit cards?

After using a credit card, you need to pay off the bill within the prescribed time limit. If the payment is overdue because the payment is not made on time, the bank will collect it after a long time. So, what is the credit card collection process?

The first stage: SMS collection

When your credit card has just expired, the bank will generally send a text message to remind you to repay it as soon as possible.

The second stage: telephone collection

When your credit card is overdue for about one month, the bank will call to collect it and arrange for the customer service staff to call to urge you to repay it.

The third stage: letter collection

If the credit card is overdue, the bank will send a letter to collect it. Generally one or two months overdue, the bank will send a lawyer's letter to remind you to repay as soon as possible.

The fourth stage: the third party company collects money.

If the credit card is overdue for more than 90 days, the bank will arrange a third-party collection company to urge you to repay, and the collection staff of the third-party collection company often have a bad attitude and there is the possibility of door-to-door collection.

The fifth stage: suing the court.

If the credit card is overdue for more than three months, the bank can sue. If the bank fails to collect money many times, or the cardholder loses contact, the bank will bring a lawsuit to the court and let you repay through legal channels.