The consequences are serious.
1. The bank will directly find the unit or school of the debtor through the public security agency and bank staff where the debtor is located.
2. Late payment fees will be incurred.
3. Those who maliciously fail to repay debts and the circumstances are serious will be prosecuted.
After being blacklisted, it will be difficult to apply for a credit card from another bank. If you apply for a loan from a bank in the short term, you will be rejected.
Extended information:
Those who do not repay their credit card debts are considered "old people", which has had a serious negative impact on the social financial order. The Supreme People's Court and the joint departments of the Supreme People's Court will take the following measures against such people. :
1. Restrict dishonest persons from taking high-level seats on planes and trains;
2. Freeze their financial management accounts;
3. Restrict travel abroad and high consumption ;
4. Restrictions on loans or credit cards from financial institutions;
5. Credit cards already held will be canceled and loans applied for will be frozen;
< p>6. Expose personal information on the big screen in public places;7. Customize exclusive ring tones for "Lao Lai", etc.
In addition, if the credit card debt is not repaid and the amount involved is relatively large, the "Lao Lai" will also face legal sanctions:
Article 196 of the "Criminal Law" stipulates that for those who exceed the prescribed limit Cardholders who overdraft within the limit or specified period and still fail to return the money after being called by the card issuer, if the amount is determined to be relatively large, will be sentenced to fixed-term imprisonment of not more than 5 years or criminal detention and a fine of 20,000 to 200,000 yuan; and the amount is particularly huge Or if there are other particularly serious circumstances, he will be sentenced to fixed-term imprisonment of not less than 10 years or even life imprisonment, and a fine of not less than 50,000 yuan but not more than 500,000 yuan, or property confiscation.
Baidu Encyclopedia-Criminal Law Article 196