How long will it take for an overdue credit loan to be sued?

How long will it take for an overdue credit loan to be sued? Each lending institution has different regulations. In practice, if a loan is overdue for more than 90 days, you may be prosecuted. For bank loans, the bank can sue if it is overdue for 90 days. Loans owed to the bank are disputes over the loan contract. Regardless of the amount, the bank can go to court to sue for collection. If the bank still refuses to perform after the court's judgment, the bank can apply to the court for compulsory execution. For small loans, if the loan is overdue for more than six months, you may face litigation, and small loan institutions prefer to collect the arrears, so the collection methods are even more terrifying.

Legal Basis

Article 3 of the "Civil Procedure Law of the People's Republic of China (2017 Revision)" Scope of application The People's Court accepts cases between citizens, legal persons and other organizations The provisions of this Law shall apply to civil lawsuits filed between them and between them due to property relations and personal relations. Will the bank be sued if the loan is overdue for six months?

Generally, you will not be prosecuted. When a bank loan is overdue, the bank will first report the overdue record to the credit reporting system, leaving a credit stain on the lender, and will also calculate the lender's penalty interest during the overdue period. , as long as it is not maliciously overdue, the bank will generally not sue.

Because an overdue loan will be reported to the personal credit reporting system by the bank and a large amount of penalty interest will be charged by the bank, so no matter from which point of view, an overdue loan is not a good choice. Apply for For credit loan products, customers must still remember to repay on time. How long will it take for a loan to be overdue before you will be sued?

According to the above classification, you may be sued if your loan is overdue for more than 90 days. For bank loans, the bank can sue if it is overdue for 90 days. Loans owed to the bank are disputes over the loan contract. Regardless of the amount, the bank can go to court to sue for collection. If the bank still refuses to perform after the court's judgment, the bank can apply to the court for compulsory execution. For small loans, if the loan is overdue for more than six months, you may face litigation, and small loan institutions prefer to collect the arrears, so the collection methods are even more terrifying. Whether you borrow money through a mobile phone or from a banking institution, you must repay the loan within the agreed period. In the case of malicious non-repayment, it may be deemed as malicious debt, and in serious cases, prosecution may be initiated. When the court or procuratorate hears such cases, they may handle them as mobile phone loan fraud.