If the credit card is stopped, the consequences are as follows:
First, if it is overdue for a long time, the bank will call you to urge you to repay. If it still fails to repay, the bank has the right to sue the court, which will be difficult to deal with.
second, the overdue credit card affects the credit record, and the credit stain will be recorded in the credit information system. If you want to apply for other bank loans or credit card business, the bank will take the credit report to check. If there is a record of non-repayment, the bank will generally not accept the application. Therefore, it is correct to find a way to pay back the arrears, stop the card, and then accumulate good credit records of credit card swiping and repayment in about 2 years, and cover the original bad records with good records. Note: If the credit card repayment is overdue for more than 9 days, there is little chance of lifting the ban.
if you don't repay, the bank will notify you first if your credit card is overdue for four years. If you don't repay for more than three times, the bank will sue you. If you don't repay for more than three months or the bank has urged you for more than two times, the bank will freeze your card and list you as a prohibited customer. At the same time, you will be prosecuted for credit card fraud and malicious overdraft, which will be enforced by the court. If a person refuses to repay the loan after prosecution and the amount owed exceeds 1,, the court will impose a penalty on the crime of credit card fraud according to the criminal law.
Legal basis
According to Article 196 of the Criminal Law, those who engage in 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 2, yuan but not more than 2, yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 5, yuan but not more than 5, yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 1 years or life imprisonment, and shall also be fined not less than 5, yuan but not more than 5, yuan or confiscated property.