If the repayment is still not made after the mediation, the bank may take legal measures against the debtor, such as applying for an execution order. In addition, in the case of bad faith, the debtor's credit record will also be affected, greatly reducing its future credit rating. Therefore, it is suggested that the debtor repay the debt as soon as possible to avoid causing more unnecessary losses.
according to the provisions of Judicial Interpretation (II) No.143 of the People's Republic of China, the unpaid debts borrowed from credit card institutions should be decided to be executed immediately when a lawsuit is filed. In addition, for the debts that the debtor cannot repay within the statutory time limit, the credit card institution can take the debtor to court according to the relevant provisions of the General Principles of the People's Republic of China and the Civil Law of the People's Republic of China.
if the credit card debt exceeds the statutory time limit and the debtor cannot repay it, the bank has the right to file a lawsuit against the debtor and apply for enforcement. In addition, during the trial, some legal measures can be taken against the debtor and other interested parties, such as recovery and seizure of property, freezing of savings, etc.
Don't evade repayment, and do your best to fulfill your obligations. When you get to this procedure normally, as long as the principal is repaid, the interest is basically suspended, and you may be restricted from spending too much. Generally, you won't be detained. You can rest assured, so you should repay as soon as possible and restore your personal credit.