1. loans overdue records: Unpaid credit card debts will lead to overdue records and affect personal credit records. Overdue records will appear in the personal credit report, and may reduce the personal credit score.
2. Asset freezing: Creditors can recover debts through legal channels, including freezing the debtor's assets. This may cause the bank account to be frozen and it is impossible to use or withdraw deposits.
3. Collection and litigation: Creditors will take various ways to recover debts, including telephone collection, SMS collection and email collection. If the debtor is still unable to repay the debt, the creditor can take legal action and bring a lawsuit to the court.
4. Restrict credit opportunities: Credit card arrears have seriously affected personal credit records, and may be restricted when applying for loans, handling credit cards or purchasing other credit-dependent products.
Summary: owing a large amount of credit card debt for two years will lead to overdue records, asset freezing, collection and litigation, and limit personal credit opportunities in the future.
Extended data:
According to Chinese laws, the recovery period of credit card debt is generally 20 years. If the debt exceeds the minimum amount and is not paid for a long time, banks or creditors may take more severe measures, such as auctioning collateral to pay off the debt.
In addition, China's "untrustworthy executor" system will also record the breach of contract, impose credit punishment on the untrustworthy, and restrict their social, employment, travel and other aspects.