My credit card of RMB 50,000 is overdue for three months. The bank called me and asked me to find a better lawyer. What should I do? They won’t come to collect the money. I’d better come and arrest th

My credit card of RMB 50,000 is overdue for three months. The bank called me and asked me to find a better lawyer. What should I do? They won’t come to collect the money. I’d better come and arrest them. They will come during the Chinese New Year. Telephone collection and door-to-door collection are all necessary processes for banks. They must have evidence, photos, and records so that the next step can be carried out.

If your credit card is overdue, you should not avoid the bank. First of all, you must understand that the bank does not have to do anything to you. This is their job. It is very important that you do not avoid them, or even take the initiative to seek them out, to prove that you have no malicious intent to overdraft or cash out. Isn’t it said that attitude determines everything? What the bank wants is your attitude.

The second thing to do is to negotiate with the bank. Explain the situation. You are indeed in difficulty at the moment and see what kind of repayment plan is acceptable to both parties. Generally banks will try their best to help you design one.

If you ignore the bank, they will definitely sue you. This is a business requirement and a step. Whether or not to arrest someone is a matter for the court, and the bank has no right or will.

Rather than being unreasonable, it is better to contact the card issuer as early as possible.

Hope this helps

Wish you good luck!