The money owed to the credit card may go to jail, because the Criminal Law stipulates that a cardholder who overdraws beyond the prescribed limit or within the prescribed time limit and fails to return it after being urged by the issuing bank will be sentenced to fixed-term imprisonment of not more than five years or criminal detention and a fine of 2, to 2, yuan. If the amount is especially huge or there are other particularly serious circumstances, it will be sentenced to fixed-term imprisonment of more than 1 years or even life imprisonment, and a fine of more than 5, yuan and less than 5, yuan or confiscation of property.
If the court forces the cardholder to pay off, but still fails to do so, it will become a "deadbeat", which will have a serious adverse impact on the social and financial order. The Supreme Law Joint Department will take these measures against this kind of people:
1. Restrict the untrustworthy people from taking high-level seats by plane and train; 2. Freeze its financial management account; 3. Restrict exit and high consumption; 4. Restrict lending or handling credit cards in financial institutions; 5. The credit card that has been held will be cancelled and the loan that has been applied for will be frozen; 6. Expose personal information on the big screen in public places; 7. Customize the exclusive color ring back tones for Lao Lai and so on.
Advantages and disadvantages of credit cards:
1. Advantages:
Compared with ordinary bank savings cards, the most convenient way to use credit cards is to make ordinary consumption without cash in the card, and in many cases, it is only necessary to return the amount of consumption on time.
you can overdraw your consumption without deposit, and you can enjoy an interest-free period of 2-56 days. You can repay the money on time without any interest (most banks will charge .5% interest on the day of cash withdrawal, and there is a 2% handling fee, while ICBC will charge no handling fee and only interest).
swiping your card while shopping is not only safe and convenient, but also a bonus gift.
special merchants who hold cards in banks can enjoy discounts.
accumulate personal credit, and add a credit record to your credit file, which will benefit you for life.
it is barrier-free to pass through the whole country, and you can withdraw money or swipe your card at ATMs and POS machines with UnionPay logo; (Remarks: Credit cards are only suitable for spending credit cards, and it is best not to withdraw cash, which is very expensive and uneconomical)
Credit card spending, some credit cards taking existing points, and various discounts and lottery activities throughout the year will make you feel pleasantly surprised at all times as long as you use the card; (Most credit cards have no points for online payment, but online shopping payment is very convenient and fast)
Mail the statement free of charge every month, so that you can grasp every consumption expenditure transparently; (environmental protection is advocated now, and the paper statement can be changed into an electronic statement.)
The unique supplementary card function is suitable for the husband and wife to manage their finances together or to master their children's financial expenses.
The freely chosen form of one card and two currencies is popular all over the world, and consumption abroad can repay in RMB.
4 telephones or 5-digit short numbers with the prefix of 9 provide 24-hour service, and the loss will take effect immediately, with zero risk of card loss.
possession validity period: it is known that the validity period of domestic credit cards is generally three or five years.
use the third-party platform (the domestic platform supporting credit card bill management is mainly Jujindou) to conduct business cooperation and provide preferential services for cardholders.
2. Disadvantages:
The invention of credit cards is like a double-edged sword, which can solve the temporary economic crisis. However, the purpose of issuing credit cards is to make money. Once the interest-free repayment time is exceeded, high interest will be charged, usually five ten thousandths of the interest per day.
Blindly spending money by swiping a card is not like spending money one by one like paying cash. When you swipe it, you feel nothing. A few figures lead to blind spending and spending money like water.
Over-consumption of notebooks, digital cameras and smart phones should be phased in. While enjoying your favorite items in advance, you should also consider whether you can repay them.
high interest. if you can't handle your credit card, and you can't repay it as scheduled when the final repayment date comes, the bank will charge you high interest. (The minimum repayment of a credit card in the first month shall not be less than 1% of its overdraft amount in the current month) [8]
Credit cards that need to pay an annual fee basically have an annual fee, but basically there is a policy of exempting the annual fee. For example, CCB can waive it as long as it swipes it three times a year; But if you don't swipe your card the number of times specified by the bank in a year, you need to charge an annual fee.
Stealing a credit card is basically a password-free credit card consumption by default, which makes it easy to be stolen by others when it is lost or stolen, causing unnecessary trouble or loss; But in fact, credit cards can also be used to charge by password-it depends on how you manage your credit card. Of course, many people, because of their lack of experience in this field, have not cancelled their credit cards and have been re-applied for credit card overdraft by some lawless elements, which is not worth it.
Long-term malicious arrears affecting personal credit records will naturally affect personal credit records and even be blacklisted by banks. In the future, if you want to borrow money from banks to buy a house or car, you may be rejected by banks.
Cancellation Trouble CCTV once reported that a cardholder had received a bank bill several months after paying off all the debts and canceling his credit card, and the subsequent events made him miserable. This article entitled "Unclear Credit Card" exposed the disadvantages of current credit cards.
although the credit card has an interest-free period, it is only for credit card consumption. There is no interest-free period for cashing, and there is a handling fee.