Legal Subjectivity:

If you owe 6,000 on a credit card, you will generally not go to jail. However, the bank can sue the court in accordance with the law to safeguard its rights. After the bank wins the lawsuit, if the cardholder refuses to perform the repayment obligations stipulated in the effective judgment, the bank can apply to the court for enforcement in accordance with the law. Legal objectivity:

Article 676 of the "People's Republic of China and Civil Code" If the borrower fails to return the loan within the agreed time limit, he shall pay overdue interest in accordance with the agreement or relevant national regulations. Article 678 of the "People's Republic of China and Civil Code" The borrower may apply to the lender for an extension before the expiration of the repayment period; if the lender agrees, the extension can be made. Article 97 of the "Civil Procedure Law of the People's Republic of China" If an agreement is reached through mediation, the People's Court shall prepare a mediation document. Article 120 of the Civil Procedure Law of the People's Republic of China: A complaint shall be submitted to the People's Court and copies shall be submitted according to the number of defendants. Article 236 of the "Civil Procedure Law of the People's Republic of China" When a civil judgment or ruling becomes legally effective, the parties must perform it. If one party refuses to perform, the other party may apply to the People's Court for enforcement, or the judge may transfer the matter to an execution officer for enforcement. Article 244 of the "Civil Procedure Law of the People's Republic of China" If the person subject to execution fails to perform the obligations specified in the legal document in accordance with the execution notice, the people's court has the power to seal up, detain, freeze, auction, or sell off the person subject to execution. property to fulfill the obligation. However, the daily necessities of the person subject to execution and his dependent family members shall be preserved.