1. What if the credit is overdue?
1, full repayment.
If conditions permit, the late payment fee and corresponding interest
1. What if the credit is overdue?
1, full repayment.
If conditions permit, the late payment fee and corresponding interest of the credit card shall be returned;
2. Negotiate with the bank.
If you really have no repayment ability, you can explain your actual situation to the person in charge of the bank;
3. Cooperate with litigation.
There is no money to pay back, no settlement with the bank, only litigation waiting.
Second, how do lending institutions handle overdue credit?
Borrowers can be collected by texting, calling, etc. After collection, if the borrower neither repays the loan nor actively contacts the loan platform, the lending institution may bring a lawsuit to the court. Lending institutions can also charge interest on overdue repayment while collecting money from borrowers.
1, SMS collection.
Mainly for the cardholder's early and overdue repayment behavior, usually 7 to 15 days overdue. SMS mainly plays the role of reminder.
2. Telephone collection.
Call to remind repayment mainly for overdue behaviors that are more than 30 days and more than one billing cycle.
3, door-to-door collection.
Mainly overdue for more than 90 days, the bank will arrange the collection staff to collect the repayment at the cardholder's residence or work address.
4. Court prosecution.
Mainly more than half a year overdue, the bank will apply to the court to sue the cardholder for repayment.
After the credit repayment is overdue, the lending institution will definitely collect money from the borrower in various ways. After receiving the collection information from the lending institution, the repayment shall be made in time. If there is no repayment ability, it should take the initiative to negotiate with the lending institution. When there is no repayment ability in wartime, regular lending institutions usually extend the repayment date backwards.
3. What are the legal consequences of overdue credit?
1. Overdue credit will produce bad credit records and affect other credit businesses in the future.
2. Lending institutions will charge overdue penalty interest and liquidated damages. The longer they are overdue, the more money they have to pay.
3. If the overdue period is long and the amount is large, it may be sued by the lending institution. If the court still refuses to repay the loan after the judgment, it will be included in the "list of untrustworthy executors".
No matter what causes overdue credit loans, those who can take remedial measures should take remedial measures in time. If the debt is overdue due to his negligence, the debtor of the loan can choose to actively repay the loan and then explain his situation to the lending institution.