The consequences of being forced to cancel an overdue credit card account are as follows:

1. Become a black credit account;

2. After the creditor files a lawsuit in court and wins, if the debtor If the court judgment is not fulfilled during the performance period, the creditor can apply to the court for compulsory execution;

3. When accepting compulsory execution, the court will inquire about the real estate, vehicles, securities and deposits in the name of the debtor in accordance with the law;

4. In addition, if the debtor has no enforceable property in his name and refuses to fulfill the court’s effective judgment, negative information such as overdue repayment will be recorded in the personal credit report, and high consumption and entry and exit will be restricted, and even There is a possibility of judicial detention.

Legal basis: Article 195 of the "Criminal Law of the People's Republic of China"

The crime of letter of credit fraud involves one of the following circumstances: carrying out letter of credit fraud activities , 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 sentence shall be not less than five years but not more than 10 years of fixed-term imprisonment and a fine of not less than 50,000 yuan but not more than 500,000 yuan. A fine of not more than 10,000 yuan; if the amount is particularly huge or there are other particularly serious circumstances, the sentence is to be not less than 10 years in prison or life imprisonment, and a fine of not less than 50,000 yuan but not more than 500,000 yuan, or confiscation of property:

( 1) Using forged or altered letters of credit or accompanying documents and documents;

(2) Using invalidated letters of credit;

(3) Fraudulently obtaining letters of credit;

(4) Conducting letter of credit fraud through other methods.

2. If the bank sues to the court and the court decides that the bank wins the case, the party concerned should actively perform the repayment. If the bank fails to perform, the bank can apply to the court for compulsory execution;

3. The court accepts compulsory enforcement During execution, the property, vehicles, securities and deposits in the name of the party will be inquired according to law;

4. If the party has no property available for execution and refuses to fulfill the effective judgment of the court, it will be listed as a dishonest person. are on the list and are restricted from high consumption and entry and exit. If the party concerned is really unable to pay the credit card, execution can be suspended.