Because when applying for a credit card, the application permissions of some apps on the phone include accessing the address book, reading contacts, etc. If you want to use this APP to handle business, you need to authorize access to the address book, contacts, etc. Once an overdue debt occurs, the bank will entrust a third party to collect it, so the contact person in the address book will be contacted.

Extended information:

Credit card collection is divided into two types: in-house collection and outsourced collection. Internal collection usually refers to customers who are overdue within three months and are generally reminded by bank customer service (M0 period) or call the reminder department via telephone (M1 and 2 periods) or visit the offices of various business outlets (M3 period) to make reminders for overdue amounts. Outsourcing collection mainly refers to the fact that the credit card center entrusts companies (some of them are law firms) specialized in the collection industry to collect debts from customers who are difficult to handle, have problems, have lost contact or have small amounts of money, and after internal collections have failed to produce results.

The M0 period

is from the second day of the last payment date to the next billing date. During this period, the bank record will be almost intact, but late payment fees and full interest will be charged. Banks generally do not collect debts during this period and will only remind you that the repayment period has exceeded through SMS platforms or phone calls.

The M1 period

is the continuation of the M0 period, that is, between the second bill date of the outstanding payment and the last payment date of the second bill, the credit record will be uploaded The credit reporting system of the People's Bank of China is very likely to affect issues such as home purchase loans or credit loans. At the same time, late payment fees will be charged. If it is before the second payment date, only one late payment fee will be charged, otherwise a second late payment fee will be charged. , the interest is charged compound interest on the current amount owed! During this period, banks will generally issue reminder collections to customers with larger amounts, that is, the collection staff from the collection department of the credit card center will call to remind them to repay! Some banks do not collect debts during this period in order to earn more late payment fees and interest.

M2 period

It is a continuation of M1, that is, between the third bill date of non-repayment and the last payment date of the third bill, there is a larger credit history There will be stains on credit records in the banking industry, which will have a great impact on future loans and finding jobs in larger companies. A late payment fee will be charged. If it is before the third payment date, a second late payment fee will be charged. Otherwise, the interest will be compounded on the current arrears for the third time! During this period, banks generally use legal reminders for repayment. Relevant collectors will call to inform them of the impact on credit records and the consequences of non-repayment. During this period, banks will contact relatives and friends of the debtor to help remind the debtor. Repayment. Some banks are tough on debt collection and even have collectors disguise themselves as relevant lawyers to put pressure on debtors, but some banks are light on debt collection and only carry out reminder collection during this period.

M3 period

It is the continuation of M2, that is, between the fourth bill date of non-repayment and the last payment date of the fourth bill, there is a very large gap in the credit record. There will be a big stain in the bank's credit reporting system, which will directly affect various businesses in the bank, and it will not be possible to enter companies, especially civil servants, that are very strict about credit reporting records. Late payment fees are charged normally. If it is before the fourth payment date, three late payment fees will be charged. Otherwise, four times, the interest will be compounded on the current arrears! During this period, banks generally adopt a forced repayment method. Senior debt collectors will require the debtor to repay through phone calls, text messages, and lawyer's letters. The lawyer's letter will be sent to the place of residence and the work address filled in when applying for a credit card! Some overdue business will be entrusted to various cooperative agencies for collection.

M4 period

It is a continuation of M3, that is, between the fifth bill date of non-repayment and the last payment date of the fifth bill, there is a very large gap in the credit record. There will be a big stain in the bank's credit reporting system, which will seriously affect all business in the bank, and you will not be able to enter companies and public offices that are very strict about credit reporting records.

Late payment fees will be charged (some banks will stop charging). If it is before the fifth payment date, four late payment fees will be charged. Otherwise, if it is five times, the interest will be compounded on the current arrears! (The interest is already very high at this time) Internal collection will be stopped during this period, and the bank will classify the accounts: the first case is for smaller amounts, and the bank will basically entrust it to a third-party collection agency, which is a company that specializes in collecting debts for financial institutions. , generally such companies are mostly law firms and will come to your door. However, in this case, there will also be staff from the bank's branch center to collect the money. However, most of them will conduct face-to-face repayment interviews and contact the cardholder's place of residence to seek help. His relatives and friends spread the word and indirectly put pressure on overdue customers.

M4 period

Overdue accounts that exceed the M4 period are called M4. Most of the accounts in this situation are completely unable to contact the cardholder, or there are counterfeit cards or stolen cards. , or the cardholder dies, or has the ability to repay but is unwilling to repay! At this stage, part of the overdue amount is too small, but when the amount rolls over for a period of time, the bank will sue again; the other part is the case where the amount is suspected to be larger (generally refers to the principal amount of more than 10,000 yuan), and the collection is over the phone. If there is a clear attitude of non-repayment, the bank or the authorized client will compile the relevant information and use it as evidence to deal with it according to the circumstances in accordance with Article 196 of the Criminal Law of our country. In some cases, it will choose to report to the public security agency for economic investigation. The department handles the report and publicizes the hearing to the media to warn other overdue customers who intentionally default on their payments.