1. What to do if a person is in jail and owes a credit card debt
1. Mortgage loan: If the debtor is in jail, the bank can mortgage the payment for auction. Until the principal is repaid with interest.
2. Savings card deduction: If it is a credit loan and cannot be mortgaged, it can be deducted according to the funds in the debtor’s savings card until the debt is repaid. If the cardholder does not have When making a deposit, the bank will use the compound interest method to calculate the amount. After being released from prison, the cardholder will still have to continue to pay off the debt.
3. Guarantor repayment: When the cardholder applies for a bank loan, he will fill in a guarantor. If the debtor goes to jail, the debt will be transferred to the guarantor, and the guarantor will It is borne by the people and will not be written off in one lump sum.
2. Will you still go to jail if you owe money on a credit card?
Will you still go to jail if you owe money on a credit card? According to the regulations, the cardholder maliciously overdrafts for the purpose of illegal possession and exceeds the time limit. And after two effective collections by the bank, if the payment is overdue for more than three months, the bank will prosecute the cardholder for credit card fraud.
If the cardholder's overdue amount is relatively large, exceeding 50,000 yuan, he shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan. Therefore, the credit card is overdue. , we must pay off the debt as soon as possible, and we must not fail to pay it overdue, which will lead to more serious consequences.
3. How to avoid being caught if you do not pay back the credit card debt
1. Turn over to relatives and friends: After the credit card expires and you are unable to repay, you can choose to turn over to relatives and friends. First, transfer the money to relatives and friends. After paying off the debt in the bank, you can make an IOU with your relatives and friends, then work hard to make money and pay off your relatives and friends.
2. Repay the minimum repayment amount: Each bank will provide a minimum repayment amount. If the cardholder cannot repay the full amount after the credit card is overdue, he can choose to repay the minimum repayment amount every month. Usually Just pay back 10% of your monthly bill.
3. Use the bill installment function: Banks will basically provide the bill installment function, usually 3 issues, 6 issues, 9 issues, 12 issues, 18 issues, 24 issues, etc. Cardholders can according to Choose the appropriate number of installments based on your own financial situation, which can temporarily alleviate the monthly repayment pressure and will not affect your personal credit.
4. Change the billing date to extend the repayment period: After the credit card is overdue, the cardholder can also choose to change the billing date to extend the repayment period. In this case, he will no longer enjoy the interest-free treatment. However, There will be no handling fee when changing the billing date, and it is very convenient.
The above is an introduction to what to do if a person is in jail and owes a credit card debt. No matter how much the credit card debt is, it must be paid off. Therefore, once the credit card is overdue, it is recommended that cardholders with financial ability try their best to Repay in full. If you are unable to repay all the debt, you can choose to repay the minimum payment or use the bill installment function to alleviate the current repayment pressure and avoid affecting your credit.
In special circumstances, you can click the consultation button on the right. The website provides professional lawyers to answer questions and help you solve your repayment problems so that you can return to your normal life.