If you’re not up yet, the worst plan is to disappear and make money, and pay it back slowly, what else can you do!

You are the same as me. Oh, I have about 400,000 in credit cards. It’s been a year, but I don’t know. Anyway, it’s been more than half a year and no one has contacted me because I really don’t have any money, plus I have a mobile phone. It's off! Maybe I couldn’t get in touch all the time, so I stopped contacting him later!

I suggest you don’t be afraid if this is the case now. You will definitely be reluctant to throw away your family! So find a job and support your family first! If you have money, just pay it in every month. If you don't have money, don't worry about it. No matter how you come, you have to eat enough before you can think about anything else.

The bank may sue, but the probability is less than 20%. They will come to collect the debt. Usually they entrust a three-party debt collection law firm to go there. You don’t have to worry about this at all. To be honest, there is no need to do so. Pay back the money, but you won’t be in debt!

Do you want to answer the phone? My suggestion is not to answer, but to turn off the phone or use a non-existent number, because as long as you can get through, even if you don’t answer, he will always be looking for you. If the number is not available, I will gradually stop calling you!

Does that mean it will be fine if you don’t answer the phone? That’s not right. If you don’t answer the phone, if you can afford it, just repay 100 or 200 every month. Have an attitude towards repayment!

No money? Then you really don’t have to worry about it, you can’t starve yourself to death just to pay back the money!

Don’t worry, you’ve been hacked and you’ve been prosecuted. These are all part of it, and they’re only a small part!

Money must be paid back, and working hard to make money is the right way. The bank will not force you to death. What he wants is money. You just pay him back according to his plan!

Come on, brother, let’s make a turnaround in one or two years together!

As long as the heart is not dead, the people will be there! !

Although credit cards are convenient, they are also a double-edged sword!

First, I sympathize with what you are going through. Doing business does involve taking a lot of risks, but no matter how much you lose, please don’t despair. As long as people are still there, there will eventually be a solution!

Worst case scenario: jail time

There is a saying in lending circles: Don’t owe money to anyone, don’t owe money to the bank!

This is because the money you owe others, including money from relatives and friends, online loans, small loans, and loan sharks, are all civil liabilities, while the money you owe to banks is subject to criminal liability in serious cases. , is going to jail.

1. Credit card fraud

Article 196 of the "Criminal Law" describes the crime of credit card fraud - forging credit cards, stealing other people's credit cards, malicious overdrafts of credit cards, all can be understood as using Crimes committed by credit cards.

2. Case filing standards

According to the relevant regulations of the Supreme People's Procuratorate, those who use invalid or forged credit cards, fraudulently use other people's credit cards, or malicious overdrafts, and the amount of these behaviors exceeds 5,000 yuan, The case can be filed.

As for whether it was a malicious overdraft, it mainly depends on the bank. If the bank thinks you have the ability to repay but refuses to repay, or thinks you have no ability to repay but makes a crazy loan, it is likely to be considered a malicious overdraft.

3. Sentencing standards

The provisions of Article 196 of the Criminal Law, involving the crime of credit card fraud: In other cases: handed over to a third-party asset management company for processing

The bank is Financial institutions, which are also commercial institutions, want to make money.

In a situation like yours, even if the bank sues you and wins the case, it will not solve the problem and the bank will not be able to recover the money.

Therefore, many banks will package bad debts and bad debts that are more than 3 months or 6 months old and sell them to third-party asset management companies at low prices, and they will be responsible for collection and subsequent disposal.

For example, if you owe the bank 500,000 yuan, the bank may give you a half discount and sell it to an asset management company for 250,000 yuan.

In this way, on the one hand, some funds can be recovered in advance, and on the other hand, it will also make the bank's financial statements look better.

Currently, there are four asset management companies in our country, which are responsible for receiving bad and bad debt claims from banks, that is, they are dedicated to "wiping the butts" of banks. These four companies and their corresponding banks are:

Of course, in addition, there are other private asset management companies that can also receive bad and bad debt claims packaged by banks. They will be responsible for subsequent collection and processing.

It is possible that the bank will sell your debt to an asset management company, but the bank will definitely inform you before doing so.

Third-party collections are generally more formal and will not be messy. If your debt is transferred, it will most likely become a civil matter and will not lead to a prison sentence, but you may be required to make repayments against your RV mortgage or other assets.

In short, the worst result is to go to jail. The better result is to negotiate with the bank. You must give a well-founded explanation and initial property certificate if necessary. and express a desire to repay the loan.

Be sure to convince the bank that you are not maliciously overdrafting!

Finally, no matter what the result is, you must have the courage to face it. This is the responsibility you should bear. Life has its peaks and troughs. You have to endure the glory and wealth, but also the poverty. When writing the word "人", you have to stand upright!

Banks that issue credit cards include state-owned banks and joint-stock banks, all of which have state-owned assets. They only distinguish between pure state-owned assets and non-pure state-owned assets. There is still room for recovery when the business fails, but the subject has obviously reached a stage where he is accustomed to relying on credit card transactions to survive. Since we are asking about the worst outcome, we need to involve legal issues. Let’s look at the legal basis of credit card holders:

1. Failure to repay the full amount on time will be treated as a creditor’s right and debt. Note that incomplete payment is also Pay back a little every month, and handle the debt accordingly if you agree with it.

However, the bank’s debt interest is not affordable by ordinary people. As we all know, bank interest rates are very high. You will know just how high they are if you try them. If you don't pay off your credit card, you have to pay two fees, one is a late payment fee and the other is penalty interest. The late payment fee is usually 5% of the unpaid portion of the minimum repayment amount, and the interest is 0.05% per day, and the interest is compounded.

2. If the mobile phone is turned off and cannot be contacted, the person will be treated as a crime of credit card fraud and possession of state-owned assets. If the cardholder exceeds the prescribed limit or overdrafts for the purpose of illegal possession, and still fails to repay the card for more than three months after two reminders from the card-issuing bank, it will be deemed to be a malicious overdraft. If the amount of a malicious overdraft is more than 10,000 yuan but less than 100,000 yuan, it falls into the category of "relatively large amount" stipulated in Article 196 of the Criminal Law.

Article 196 of the "Criminal Law" stipulates that those who commit credit card fraud if the amount is relatively large shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan.

Summary: The worst result is to go to jail, and you will still have to come out and pay back the money after serving the sentence. It's impossible to go to jail without having to pay back the money. So don’t default on paying money to the country casually.

I am Li Hewei: founder of the Bole Venture Capital Club, chief lecturer of the Venture Capital Business School, and the author of "Enlightenment and Action Entrepreneurship". Helped more than 300 entrepreneurs start their businesses successfully.

Looking forward to sharing and communicating with you

No need to kneel, there is gold under the man’s knees! Don't be afraid, what you fear most is your weakness. The worst thing in life is death. If you don't die, there will always be a time to succeed! Don't run away. Debt disputes are just disputes. Overdue debts are called breaches of contract. Failure to pay back money is considered illegal when it is a condition. You will go to jail if you break the law. If you don't break the law, what kind of jail will you get? ! Don't be confused. There are 24 hours in a day when you are confused, and there are 24 hours in a day when you are not confused. People who are in debt should live with more goals than those who are not in debt. Life is a process of chasing, and there is never an end. The result will be hanging on the wall one day. superior!

The above text is to cheer you up and agree with it. You continue to read on. The following text is to give you suggestions. Make a choice based on your own actual situation. I hope it can help you!

1. First understand the source of your debt. If you work hard throughout your life, you will definitely live a happy life. This is absolutely true. You will not judge until you leave this world. Why did your previous efforts not pay off? If you don't understand this truth clearly, your subsequent efforts will only be a waste of water. After defeat, you must learn a lesson. Only by learning lessons can you stand up and sing again. Otherwise, you will just repeat it with different tricks.

Anyone who can borrow 500,000 by credit card must have a certain financial foundation. Why is your property constantly being emptied? Don’t fail in one sentence. Work hard and forget it. That’s not true. Be responsible and think carefully about where your property has gone. Starting from your first credit card loan, remember it well. This kind of memory is very necessary. Before you put it down, you must first pick it up.

Judging from your description, in terms of thinking: you were once a boss who was drunk now and blindly optimistic. On the one hand, your blind optimism came from your ignorance and lack of skills, because In terms of skills: You are a boss who does not understand accounting principles and cannot analyze data. Why do some people always "finance loans with loans" and borrow new debts to repay old debts? Because he does not have financial statements, a balance sheet, a profit and loss statement, and a cash flow statement. When the three forms are placed in front of you, you should clearly know: 1. Whether this business can still be done; 2. This loan Can I still get it; 3. Can I still get this investment? Because the data is so real, all your illusions and income determinations show their importance in front of the data, forcing you to really go deep into the field to investigate and collect evidence. But you don’t have any, so you will sink deeper and deeper. In the future, if you want to get out of the debt quagmire and make a comeback, you don’t have these basic skills, and you are simply dreaming. The ignorant are useless, the wise are fearless, and the brave are invincible. This sentence is a whole and cannot be read in pieces. Because you don't see your past clearly, you are confused about your future.

2. If your credit card is overdue, you will go to jail. Have you ever thought about finding out why you will go to jail?

Should he go to jail if he has no money to pay back, or if he maliciously refuses to repay and is suspected of malicious overdraft, credit fraud, or refuses to carry out a court judgment? The almighty Baidu is there. After so many years of business, you must have a lawyer friend. Go figure it out for yourself. If you have to go to jail because you don’t have the money to pay back, then it is natural for you to go to jail, because the fact is that you have no money. Still, but what if not? Isn’t your worry scaring yourself? The wise are fearless. If you are afraid of going to jail, you should find out why you are going to jail. Don't take it for granted. China is a country ruled by law. Read the law. I can't tell you clearly, because you need to learn the process by yourself and the specific operation is up to you. Make your own decision based on your actual situation.

3. What is the root cause of the debt problem?

The root cause of debt problems is: the debtor’s inability to repay.

The root cause of the inability to repay is: the inability to make money.

How to improve the legal ability to make money? This is the key issue that you have to think about day and night. Any "ending this life" is the work of a coward. To solve the debt problem, you must be brave and resourceful. This is what the brave man means.

How to improve your earning power? What is your specialty? Everyone must have their own specialties. The improvement of earning ability should be based on their own specialties. If you maximize your own specialties, you will be a successful person. The truth is that simple.

To solve a problem, you must solve the root of the problem and see the essence of the problem. Treating the symptoms but not the root cause is just a waste of your youth. The most precious thing in life is not money, but time!

There is no use thinking about it.

Get out of the debt quagmire and go to Sunshine Congsheng.com

No invitation, I felt emotional when I saw this question.

What’s the worst case scenario if your business fails and you have a huge credit card debt?

To sum it up in one sentence, we are both fallen people from the end of the world.

Speaking of which, it seems that my experience is similar to yours.

But you did it because of the credit card, and I did it because of the online loan.

You lost money in business, and I also lost money because I couldn’t make enough money.

But relatively speaking, fortunately, yours is a credit card, and mine is an online loan.

At the same time, fortunately for me, you have hundreds of thousands, while I seem to have only tens of thousands.

What’s the worst possible outcome?

I think the worst case scenario is going to jail.

I once had a similar idea to you. I could just get hit by a car and be killed, and I could still pay an insurance premium to my family.

However, when you calm down, you will find that money is really not a big problem.

If you live frugally, you can pay back the money.

The purpose of banks is to make money, and they will not let you really go to a dead end because of these.

Attitude, attitude is very important.

Banks can generally negotiate. After all, they are not online loans, which is relatively better.

My current living situation is terrible.

However, if I get through this period, maybe spring will come.

Reducing expenses is inevitable.

I am a smoker, and the level of smoking has been reduced and reduced again and again. I even still smoke cigarettes that cost two yuan a pack.

I also save money on meals, eating six steamed buns a day.

The Internet has also been downgraded.

I work harder than before. I used to sleep for more than ten hours. I went to bed at two or three o'clock last night and got up after eight o'clock today. It was just to code a few more words. After all, it was only a small amount of money.

Of course, everyone makes money in different ways, but here’s what I’m saying.

As long as you work hard, you can pay back the money, especially the credit card money must be paid back.

Don’t think about quitting and tearing down the east wall to repair the west wall. This kind of life is not possible, otherwise you will never get out of this vicious circle in your life.

The final suggestion is to find ways to make money.

Since you are not good at doing business, there is nothing wrong with working part-time.

If relatives and friends can borrow some interest-free money, it is naturally better to pay it back temporarily. If you cannot borrow it, you have to rely on yourself.

Finally, there are actually many people who run away with debts.

Although I don’t really agree with this, if you have to, you can only hide and fight slowly.

After paying back the money, I, Hu Hansan, can come back again.

As for reminders, you don’t really need to worry about that much.

Which is more important, face or life?

Most of us are the ones who want to save face and suffer the consequences.

If I had realized this one day earlier, basically I would not have reached this point.

Jack Ma also set up a street stall, and Shi Yuzhu once owed 250 million yuan. We can't compare with these big guys, but you have to believe that if you work hard, you can still pay back hundreds of thousands.

Put down your face and dignity. There's still tomorrow!

Chief investment officer commentator Tao Zi believes that your credit card debt is only 500,000, not 5 million or 50 million. Talking about a "huge debt" is not as serious as you think. Don't have it. Bad thoughts, if the money is gone, you can make it again, talent is the most important.

I don’t think you are too serious about the worst-case scenario you mentioned. It is nothing more than paying thousands of dollars in interest every month, which is more stressful. It is far from serious as you said. I can't live anymore and I need to find a place to hide, so I can't survive. This is not chicken soup. If you have started a business, you should understand that nowadays, a worker with no academic qualifications can earn several thousand yuan a month. Not to mention that if you have started a business and been a boss, your work experience is one level higher than that of ordinary people, and your monthly salary is on the higher level. If it's not a problem, this little pressure is nothing, it's not as serious as you think.

You still need to find a way to solve your credit card debt. Credit card interest rates are too high, with annualized rates of around 18. The interest is indeed heavy. You can try to replace credit card borrowings with other loans, such as credit loans or real estate mortgage loans. Wait, if you have close relatives and friends, you can also borrow some. Even if you pay some interest, it won't be as much as a credit card. In this way, the interest burden will be lighter and the pressure of just paying back the principal will be much less.

On the other hand, you also need to increase your income. If you are in a small city, you can work in first-tier cities such as Beijing, Shanghai and Guangzhou. After all, the average salary is over 10,000 yuan. If you are more capable, you can earn 20,000 yuan a month. It's not impossible. Calculating this way, the money can be repaid in only two or three years, so you don't have to worry so much about these debts.

I am in the same situation as you, even worse. I currently owe 500,000 in credit card principal, and the longest overdue date is 5 months. My business has failed, and I have to pay for goods and borrow money. I couldn't get my money back, which made it difficult for me to survive, let alone repay my debts. I found a sales job with a basic salary of only 3,000, and mainly relied on sales commissions. On average, I earned 8,000-10,000 a month, but with 500,000 is a drop in the bucket compared to a salary, and even late fees and interest are not enough. The bank will not agree to repay in installments. To reduce interest and late fees, you need to make a one-time repayment, and you need a poverty certificate from the government of your place of residence. I have never been overdue. Just discuss it with the bank. The customer service will always record it for you and someone will contact you later. The result is that the collection department contacted me and set a time limit for me to repay the loan in full. After 3 months overdue, the bank outsourced the debt. , the local collection company called three times a day demanding repayment, with various threats and intimidation. A few days ago, the collection company and the economic investigation came to my door, but I was not at home. I also received a lawyer's letter from the bank, limiting all payments within 7 days. Otherwise, I have to report the crime. I also make repayments every month, and I have repaid everything except living expenses. But if the bank does not stop paying interest and payment, I will never be able to pay it back in my lifetime. You are still in this situation. If it is not overdue, try to find a way to solve it as soon as possible. If relatives and friends can borrow some or you have property, raise at least 30 yuan first, and then take the initiative to explain the situation to the bank. They may agree to give you installments. I was given such an opportunity at the time. , it’s a pity that I also have no relatives to rely on, and I fell into this situation because I couldn’t borrow money. At present, life is worse than death, so I can only try my best to communicate with the bank and let fate dictate everything.

I hope it can help you

After investing and starting a business, I now owe more than one million yuan in debt. My credit card is about the same as yours, the highest one is 170,000 yuan per family. Now the maximum overdue penalty interest alone is more than 7,000 yuan a month. We are negotiating. If you can't negotiate, you won't be able to pay it back in your lifetime. Look, I have been wanting to commit suicide years ago.

Now I can take my breath away.

Don’t commit suicide, find a job and actively repay the loan.

My wife divorced me and she is taking care of my son. Yesterday, I saw her in a bad mood on WeChat Moments, so I wanted to comfort her with a few words, but she got scolded.

No matter what, the problem needs to be solved.

The small loans blew up the contact list, and I probably have no friends anymore.

Live actively, at least I can’t leave any debt to my parents and son.

The debt must be paid off before death.

I still owe Youxin. Youxin is the kind of company that does everything possible. Spreading rumors and defamation, posting pornographic pictures of you, making harassing phone calls to your friends, asking your friends to pay back money, saying that you are out there doing pornography, gambling and drugs.

Tomorrow the friendship letter expires and we will receive death threats.

In any case, it is your own fault. You still need to solve it yourself.

I have only one belief, not to die, and to work hard to pay off the debt while alive.

Each credit card has a credit limit. Some banks use the same limit no matter how many credit cards you apply for at that bank. If you use a credit card to repay late, liquidated damages will be incurred, and interest will accrue if you pay in installments. If the overdue time is too long and the amount owed is too large, the bank may come to you for payment. Under normal circumstances, if you are unable to repay the loan in time due to special reasons, call the credit card customer service hotline as soon as possible and explain the situation to the customer service specialist, and there will be room for processing accordingly.

And the business failed and the huge credit card debt was still unpaid, which at least shows that the amount of funds must be huge.

In the worst case scenario, it would be jail time.

According to the relevant regulations of the Supreme People's Procuratorate, if the amount of these acts is more than 5,000 yuan, a case can be filed. Your overdraft should be regarded as malicious. Strictly speaking, it can be classified as credit card fraud.

Generally speaking, banks will not let you go to jail. The main purpose of a bank is to collect debts. If you go to jail, the bank will cause losses if it does not collect the debt. Through friendly negotiation, it is more likely to use real estate or cars as collateral.

Yesterday, a client also consulted me on a question like this. They consulted in detail on whether the current behavior constitutes a crime of credit card fraud and how to avoid risks. I will now summarize some of the content for your reference.

In fact, purely from the formulation of the problem, the possibility of criminal risk exists, but it is not very great. The reasons are as follows:

The most likely criminal offense reflected here is credit card fraud. The most important aspect of fraud crimes is the subjective purpose of illegal possession. In judicial practice, the most important way to determine whether an actor has the purpose of illegal possession is to infer through the way the actor uses the funds after obtaining them. If the actor uses the funds for production and operation rather than personal squandering, etc., even if the funds cannot be returned at this time, it cannot be determined that the actor has illegal possession purposes.

In the crime of credit card fraud, if there is no forgery or fraudulent use, if the perpetrator maliciously overdrafts the credit card, it will be deemed that the perpetrator has illegal possession of the funds when obtaining the funds, and vice versa.

Regarding malicious overdraft, pay attention to the word malicious. This is also a description of the subjective level. It is also reflected in personal squandering, purchasing a large number of luxury goods, transferring funds, etc.

In this question, according to the description of the behavior, although there is the behavior of "borrowing new and repaying old" (borrowing new and repaying old may also be deemed to have the purpose of illegal possession), if the behavior is for Production and operation, and operation bankruptcy does not involve the evasion of funds, fictitious bankruptcy, etc., and it does not necessarily constitute a crime.

Avoiding criminal risks as much as possible is both a mental and physical task.

For example, does going out necessarily qualify as hiding? How should I respond to police inquiries? Wait, these are all things that need to be carefully considered.