How do people in detention repay credit cards?
Relatives and friends can repay the money on their behalf. Just pay it back directly to the card. According to the "Criminal Law", cardholders still need to repay their credit cards while in detention. While the cardholder is in jail, it is likely that the cardholder will negotiate with his or her family to request repayment, etc. If it is said that the cardholder has been in jail for a long time and there is really no one who can help with the repayment, the bank will write off the cardholder's debt as a non-performing loan, but it will still retain recourse in the future.
What to do with a credit card if a person is in jail
The specific method is that if you are detained for a crime or imprisoned and cannot repay the credit card, you can entrust others to handle it on your behalf. The debtor cannot be exempted from the responsibility to repay the credit card because his personal freedom is restricted because he is suspected of committing a crime, otherwise the bank has the right. Article 196 of the "Criminal Law" stipulates that anyone who engages in credit card activities under one of the following circumstances and the amount is relatively large shall be sentenced to 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; if the amount is huge or If there are other serious circumstances, he shall be sentenced to not less than five years but not more than ten 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 there are other particularly serious circumstances, he shall be fined not less than 5 years but not more than 10 years, but also shall be fined not less than 50,000 yuan but not more than 500,000 yuan. Fines of up to RMB 500,000 or confiscation of property: (1) Using a forged credit card, or using a credit card fraudulently obtained with false identification; (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 a credit card at the same time shall be convicted and punished in accordance with the provisions of Article 264 of this Law.
How to pay off credit card debt while serving a sentence
You can entrust relatives and friends to repay it on your behalf. Pay it back upon your release from prison. In this case, you can wait until you are released from prison and repay it yourself. However, the penalty interest, interest and liquidated damages on the credit card during the sentence are still being calculated. After you are released, you can negotiate with the bank to pay less or not at all. related costs to reduce related costs. Article 675 of the "People's Republic of China and Civil Code" The borrower shall repay the loan within the agreed period. If there is no agreement on the loan period or the agreement is unclear, and it cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; the lender may urge the borrower to return it within a reasonable period of time. Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant national regulations. Article 677 If the borrower returns the loan in advance, interest shall be calculated based on the actual loan period, unless otherwise agreed by the parties. Article 678 The borrower may apply to the lender for an extension before the repayment period expires; if the lender agrees, the extension can be made.
That’s it for the introduction of how to pay off a credit card while in jail.