Credit card breach of trust will have an impact on the cardholder's mortgage and car loan credit card processing. At the same time, the cardholder will be blacklisted. In serious cases, he or she may be prosecuted or subject to enforcement and criminal sanctions.

1. Unable to apply for a mortgage or car loan

Once the cardholder’s credit card is overdue and has a bad credit record, the cardholder’s bad credit record is likely to be retained. 5 years, and if the overdue circumstances are serious, then the cardholder will most likely not be able to apply for a mortgage or car loan.

2. Added to the blacklist

If the cardholder's overdue situation is serious, he is likely to be included in the list of dishonest persons subject to execution by the Supreme People's Court and will be restricted from high-speed rail. , flights and accommodation directly make it difficult for cardholders to travel.

If the credit card overdue situation is particularly serious, it will also affect whether your children can go to private schools in the future.

3. Prosecution

If the cardholder maliciously owes money or intentionally defaults, and fails to repay overdue payment, the bank has the right to sue the court, and the court will take measures such as property preservation. , including freezing deposits in all bank accounts of lenders and loan guarantors, seizing mortgaged and pledged properties, etc.

4. Pensions can be directly deducted

The pension due to the person subject to execution shall be regarded as the fixed income of the person subject to execution and shall fall within the scope of his liability property. According to the "China According to Article 243 of the People's Republic of China's Civil Procedure Law, the People's Court has the power to freeze and deduct funds. However, before freezing or deducting funds, necessary living expenses for the person subject to execution and his dependent family members should be reserved.

5. Enforcement and criminal sanctions

If you still refuse to fulfill your repayment obligations after the judgment takes effect, the court will enforce the property in accordance with the law to pay off the bank's loan losses. If the cardholder refuses to fulfill valid legal documents despite being capable, he may also be suspected of committing a crime. For dishonest persons, the "three restrictions" measures will be strictly implemented, namely restrictions on high consumption, restrictions on leaving the country, and joint restrictions on bidding, administrative approval, financing and credit, etc.

1. Restrict high consumption and consumption that is not necessary for life or business. For example, the following high consumption and consumption that is not necessary for life and work are prohibited:

(1) When taking transportation, choose second-class or above cabins on airplanes, trains, and ships;

(2) Make high-end purchases in star-rated or above hotels, hotels, nightclubs, golf courses and other places;

< p>(3) Purchase real estate or newly build, expand or high-end decorated houses;

(4) Leasing high-end office buildings, hotels, apartments and other places for office work;

(5) Purchase non-business Necessary vehicles;

(6) Traveling and vacationing;

(7) Children attending high-fee private schools;

(8) Paying high premiums to purchase insurance Financial products;

(9) Taking all seats on G-prefixed EMU trains, first-class or above seats on other EMU trains, and other consumption behaviors that are not necessary for life and work.

2. The enforcement department can impose credit penalties and publish the list of dishonest persons subject to enforcement through newspapers, radio, television, the Internet, court bulletin boards and other means to relevant government departments, financial regulatory agencies, financial institutions, etc. Notifications from institutions, public institutions with administrative functions and industry associations are provided to relevant units in accordance with laws, regulations and relevant provisions in government procurement, bidding, administrative approval, government support, financing and credit, market access, qualification recognition, etc. Credit punishment shall be imposed on the person subject to execution for dishonesty.