Will I go to jail if I owe money to a credit card?

If I owe a bank loan and fail to repay it, it is only a civil matter and I will not be held criminally liable or go to jail.

If the bank wins the lawsuit but the party fails to fulfill the judgment within the performance period, the bank can apply for compulsory execution.

When accepting compulsory execution, the real estate, vehicles, securities and deposits in the name of the debtor will be inquired according to law; in addition, the debtor has no property available for execution and he refuses to fulfill the effective judgment, then he will have an overdue judgment. Negative information such as repayment will be recorded in the individual's credit report and they will be restricted from high consumption and entry and exit, and may even be detained by judicial authorities.

Will you go to jail if you owe money on a credit card?

Whether you will go to jail if you don’t pay back the money you owe on a credit card depends on the situation.

1. If the perpetrator overdrafts maliciously, and the amount is relatively large, it may constitute a credit card crime and be imprisoned;

2. But if it is not malicious subjectively, it is just an ordinary overdraft. Loans are civil and you will not go to jail.

Credit card crime refers to the act of illegally possessing, violating credit card management regulations, using credit cards to carry out activities, and defrauding large amounts of property.

Legal Basis

Article 196 of the "Criminal Law", whoever engages in credit card activities under any of the following circumstances and the amount is relatively large shall be sentenced to not more than five years or criminal detention, and A fine of not less than 20,000 yuan but not more than 200,000 yuan shall be imposed; if the amount is huge or there are other serious circumstances, the fine shall be not less than five years but not more than 10 years, and a fine of not less than 50,000 yuan but not more than 500,000 yuan; if the amount is particularly huge or there are other particularly serious circumstances If the circumstances are serious, he or she shall be sentenced to not less than 10 years in prison or fined not less than 50,000 yuan but not more than 500,000 yuan, or have property confiscated:

(1) Using a forged credit card, or using a false identity card to fraudulently obtain the credit card; Credit card;

(2) Using an expired credit card;

(3) Pretending to use another person’s credit card;

(4) Malicious overdraft. The term "malicious overdraft" as mentioned in the preceding paragraph refers to the cardholder's behavior of overdrafting beyond the prescribed limit or within the prescribed period for the purpose of illegal possession and failing to return the card after being called upon by the card-issuing bank.

Anyone who uses credit cards concurrently shall be convicted and punished in accordance with the provisions of Article 264 of this Law.

Will you go to jail if you owe money on a credit card?

1. Whether you will go to jail if you owe money on a credit card depends on how much you owe and how long you owe it. Generally, if the amount owed is relatively small, the bank will not sue you and you will not go to jail. However, the bank will report your overdue information to the credit report, which will affect the credit report record. If the amount you owe is relatively large, more than 10,000 yuan, and it is overdue for a long time, the bank may sue you, because your debt is relatively large, which constitutes a credit card crime, and you are likely to go to jail.

2. When you owe credit card money, the bank will also charge late payment fees and overdue penalty interest, and the bank will collect collection through phone calls, text messages, emails, etc., which will affect your life to a certain extent. If you are overdue for a long time, you will be blacklisted by the bank, and you will not be able to handle business with that bank in the future.