1. Failure to repay a certain amount for a certain period of time may be considered as credit card fraud

2. If found guilty of this crime, you will be imprisoned according to the amount owed and the amount owed. Later, when you complained to the bank, I don’t know whether you said the three keywords “I won’t repay” in the reminder call, or whether you refused to answer the reminder call, deliberately shut down your phone, or canceled your account, etc. to maliciously evade responsibility. If so, then you will be in trouble, the bank will prosecute you for financial fraud, and you will be jailed for at least 8 months. And you have to repay the loan in full with interest.

If the amount involved is large, you may be sued or even jailed.

If the cardholder does not repay the full amount after the due payment date and does not choose the minimum repayment amount, the bank will generally take the following measures:

1. Give the credit card Those who are overdue can make a reminder call or send a reminder letter.

2. If you are overdue more than 6 times and fail to repay once, you will be blacklisted by the "Personal Credit Information System" of the People's Bank of China. The bank will freeze the credit card account of the overdue person and blacklist the overdue person. The list and debt record may be fed back to the People's Bank of China's personal credit reporting system, affecting the cardholder's personal credit record and causing the cardholder to be unable to apply for a housing mortgage loan normally.

3. If the overdue amount of the credit card is large (principal of more than 10,000 yuan), overdue for more than three months, and the bank has called for it twice but still has not repaid, it is a malicious overdraft on the credit card, which constitutes the crime of credit card fraud. If the amount is relatively large, the person will be sentenced to fixed-term imprisonment of not more than 5 years. If the amount is huge, the person will be sentenced to fixed-term imprisonment of not less than 5 years but not more than 10 years. If the entire amount owed can be paid off in time before judgment, the criminal penalty can be reduced and exempted.

Many people not only fail to repay their credit cards after they are overdue, but also change their addresses, mobile phones and other contact information to evade the bank's recovery. This is the most fundamental reason why the bank transfers the credit card to the public security agency for processing. Therefore, when a credit card is overdue, you should keep in touch with the bank, actively coordinate the debt, and sign a repayment plan with the bank to avoid jail time. After all, collecting debt is the most fundamental purpose of the bank.