Legal analysis: generally, the arrears are overdue for more than 90 days, and no matter how much money, they will be prosecuted. If your debt is personal, it is a civil dispute and belongs to the scope of court acceptance. There is no legal minimum amount of debt. In theory, if you owe one yuan, you can also sue in court. If the amount owed is relatively small, it is up to the parties themselves to decide whether it is worth suing. If the borrower is really unable to repay, he should negotiate with the bank as soon as possible to express his willingness to repay and reach a repayment agreement as far as possible. If no agreement can be reached, the bank will file a civil lawsuit, and the court will mediate or make a judgment according to the situation. If you owe money to the bank, no matter how much, it will be very serious if you don't pay it back for more than three months.
Consequences of overdue:
1. will generate default interest and charge 50% interest. Although the policies of each lending institution are different, on the whole, banks will be more accommodating than small loan companies. Credit loans overdue, the lender will first collect the loan, remind the borrower to repay, and the interest rate will rise as a daily penalty.
2. Bad credit records will affect future loans and credit card processing. Every day after you are overdue, your name will appear in the internal system of the bank at the same time, and then the president and risk control will see it. After the deadline, the credit report will inevitably leave a bad record. Once you leave, it may last for three to seven years. If you want to borrow from other banks in the future, you may not be able to apply easily because of bad credit. If the overdue situation is serious, the mortgage and car loan will be affected in the future. Penalty interest is only the loss of money, while bad credit records are the loss of intangible assets, and the impact is irreparable by money.
3. You can't enjoy preferential loans or even apply for loans. When many people apply for a mortgage again, they find that they have left too many overdue repayment records on the old mortgage because of carelessness. In addition to the penalty interest for overdue mortgage repayment, they may not be able to obtain the preferential interest rate of bank mortgage smoothly. What's more, it is impossible to apply for a mortgage.
4. Being blacklisted, children can't go to key schools, and some "Lao Lai" who deliberately delay bank debts will also be blacklisted. So that you can't fly, high-speed rail, accommodation, etc. ; More seriously, children will not be able to go to key schools; There will be more punishments in the future, so it can be said that life is hard.
Legal basis: Article 120 of the Civil Procedure Law.
The prosecution shall submit a complaint to the people's court, and submit copies according to the number of defendants. If it is really difficult to write a complaint, it can be made orally, which will be recorded by the people's court and the other party will be informed.