Legal Subjectivity:

If you overdue a credit card of RMB 20,000 for one year, you will not go to jail, because the debt dispute is a civil dispute, and the parties do not need to bear criminal liability, but they need to comply with the agreement or relevant national regulations. Pay a certain amount of overdue interest and bear corresponding liability for breach of contract. Legal objectivity:

Article 676 of the "People's Republic of China and Civil Code"

The borrower fails to return the loan within the agreed time limit , overdue interest shall be paid in accordance with the agreement or relevant national regulations.

"Article 678 of the People's Republic of China and Civil Code"

The borrower may request the lender before the expiration of the repayment period. Apply for extension;

If the lender agrees, it can be extended.

"People's Republic of China and Civil Code"

Article 667

A loan contract is a loan contract between the borrower and the lender. A contract to return borrowed money with interest.