Chinese Merchants Bank's credit card debt is a bit dangerous in the situation of the original poster. It is possible to be sued, but it is not guaranteed.

Because failure to repay a credit card overdraft of more than 5,000 constitutes credit card fraud, which is a criminal case and the possibility of prosecution is very high. The main consequences of not repaying credit card debt are:

1. High overdue interest will be incurred.

2. The bank will sue you in court, which will incur economic losses such as litigation costs and attorney fees.

3. Individuals will have bad credit records, which will have an impact on future bank cards and loans.

4. If the amount owed exceeds 10,000 yuan, it constitutes a crime of credit card fraud and will be held criminally responsible.

Article 196 of the "Criminal Law"

Whoever commits the crime of credit card fraud in one of the following circumstances and conducts credit card fraud activities and the amount is relatively large shall be sentenced to fixed-term imprisonment of 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; if the amount is huge or there are other serious circumstances, the person shall be sentenced to fixed-term imprisonment of not less than five years but not more than 10 years and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; if the amount is particularly huge Or if there are other particularly serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than ten years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan, or his property shall be confiscated. The Supreme People's Court's "Interpretation on Several Issues Concerning the Specific Application of Laws in the Trial of Fraud Cases" stipulates that "anything above 5,000 yuan is considered a relatively large amount, anything above 50,000 yuan is a particularly huge amount, and anything above 200,000 yuan is a particularly huge amount." ”

It can be seen that if the amount reaches 5,000 yuan, it constitutes the crime of credit card fraud.

So, the poster, you’d better pay back the money you owe the bank, or at least pay it back a little first. Failure to pay it overdue will also accrue interest, which makes the loss outweigh the gain. Before making a purchase next time, you should also consider whether you have the ability to repay. I wish the poster a happy life~