If I delay my credit card for how many periods, will I be subject to legal proceedings?
There will be no transaction for the first 10 days after your credit card’s due date. After 10 days, the bank’s customer services will call and inform you. Delays up to 30 days after the due date will not decrease your credit score and will be treated as ordinary delays. If 30 days pass, the administrative follow-up process will begin and your credit score will decrease, but you will still not be blacklisted.
After the payment due date has passed one month, your bank’s customer services will be called to request information about the payment, and these calls are constantly received. Customer services will call you repeatedly during the 90-day period and inform you that legal action will be initiated. At the end of 90 days, if the credit card payment is still not made, legal proceedings will be initiated by the bank’s lawyer. In this process your credit score It will drop considerably.
The administrative follow-up process begins before the Legal Follow-up process. It is a tracking system initiated by banks to allocate debt from customers who will not pay their loan and credit card debts and will go through a legal follow-up process. One person from the due date If the person does not pay his loan or credit card debt for 90 days, banks have the right to initiate legal proceedings against this person. However, some banks initiate administrative follow-up of the debtor in question before the legal follow-up process.
In this case, the debtor is notified for the unpaid debt after 90 days and the debt is requested to be closed within 7 business days. In this case, a payment plan can be prepared for the debtor to pay off his debt, although it varies from bank to bank. In this case, if the person does not make the payment or does not contact the bank, the person’s file is transferred to the enforcement office to initiate enforcement proceedings, and thus the legal proceedings begin.
The delay period, which was 90 days due to the coronavirus outbreak, was increased to 180 days as a result of the decisions taken by the BRSA. If an agreement cannot be reached with the bank during the first administrative follow-up phase, a notice is sent stating that the debt must be paid within 7 days, and if the debt is not paid within 7 days or the debt is not objected to for justified reasons, the bank initiates the credit legal follow-up process.
