What should I do if my credit card is overdue and debt collection comes to my door?

What should I do if my credit card is overdue and debt collection comes to my door?

Generally, credit card debts are collected by bank staff or appointed third-party collection agencies. The collection personnel are all trained, will not engage in violent behavior, and behave in a very standardized manner. Their purpose is to negotiate repayment matters. If you are worried, you can record the entire process in audio or video. If the debt collector uses verbal insults, physical gestures, or collects debts from a third party, you can use this as evidence for your complaint.

When negotiating with debt collectors, you should express your willingness to repay and negotiate a feasible repayment plan. According to Article 108 of the General Principles of the Civil Law of the People's Republic of China, "If a debtor is temporarily unable to repay, he may repay in installments with the consent of the creditors or the ruling of the people's court. If he is able to repay but refuses to repay, the people's court shall order compulsory repayment." If you really cannot repay the loan, you can apply to the bank for repayment in installments after confirmation. However, if you are able to repay but refuse to repay, the bank will sue you in court and the assets under the debtor's name will be enforced.

In addition, when debt collection is in progress or when there are funds available for repayment later, do not transfer the money directly to the debt collector. Instead, transfer the money to the credit card to be repaid to avoid subsequent disputes. In short, if you are worried that the debt collector may commit violent acts, you can record the entire process in audio or video so that the other party can bear legal responsibility. When negotiating repayment, you should express your willingness to repay to avoid the bank suing you in court.