Like bad debts on credit cards, interest will accrue.

In the short term, the bank will continue to deduct interest fees and late payment fees, but over time, the court will come forward to force the collection of property in your name. It is better to pay off the debt quickly, or you can pay it off part by part, but you cannot always owe the bank.

Bad debts refer to receivables that have passed the payment deadline, cannot be recovered after collection, are in a sluggish state for a long time, and may become bad debts. Bad debts are the result of failure to settle accounts in a timely manner, and also refer to property that cannot be recovered because the other party does not repay it.

Extended information:

Credit Card is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit. Credit cards are generally special carrier plastic cards with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. The name of the card issuer, validity period, number, cardholder name, etc. are printed on the front, and there are chips, magnetic strips, and signature strips on the back.