What Is Considered Excessive Credit Card Debt?
Credit card collection is divided into two types: internal collection and outsourced collection. Internal collection usually refers to customers who are overdue within three months. They are generally reminded by the customer service of the bank (M0 period) or the telecom department of China Telecom (M1 and 2 periods) or each business. The branch office visits (during M3) the overdue payment call!
Credit card collection
- Credit card late payment refers to the case where the cardholder's actual repayment amount on the due date of the credit card repayment is lower than the minimum repayment amount. It is understood that the late payment rate is uniformly stipulated by the People's Bank of China and is 5% of the minimum outstanding amount. However, due to different bank policies, the minimum quotas set are also different.
- Calculated based on the amount of arrears (principal plus interest plus late payment plus other expenses) five ten thousandths of daily interest, calculated monthly or daily
- The charging situation varies from bank to bank. Generally there are withdrawal fees and handling fees. For details, please consult the customer service of each bank!
- Credit card application please go through formal channels or official website
- When signing a credit card collection contract, please read the credit card regulations and charging standards carefully
- Credit cards must not be lent to anyone else, and if anything goes wrong, the bank will only hold you accountable
- Regardless of whether there is a conflict with the bank or if you have doubts about consumption or other circumstances, please try not to express your dissatisfaction by not paying back the money, because credit cards will directly affect personal credit, which may seriously affect the children's political review.
- Credit card overdue is not an ordinary civil lending dispute. Once the overdue principal exceeds 10,000, you can report to the police in accordance with the relevant provisions of Article 196 of the Criminal Law. You will face a term of imprisonment or detention, and you will be subject to a minimum fine of 20,000.
- Man without faith