Anyone who has used a credit card knows that there is a limit on the credit card. If you have a good financial situation and a good reputation in the bank, the credit card limit will be higher. However, if you don't pay back the money, you still use your credit card to overdraw and refuse to pay back. What harm will this malicious overdraft do to personal credit security?

First, personal credit bankruptcy

Personal credit records have a great influence on a person. Malicious overdraft of credit card means blacklisting your credit history directly. This reputation stain will accompany you for life. I will never get a loan again, and it will also affect my work and life.

Second, the penalty interest is high.

As we all know, banks charge high fines and interest for overdue repayment, and the interest is calculated according to compound interest. For example, there was once a card friend in Guangzhou who overdrawn 1000, and then didn't pay back the money for five years, and later he had to pay back 10000.

Third, legal risks and sentencing.

The malicious overdraft of credit card has been clearly written into the criminal law. Malicious overdraft of credit cards will not only be sentenced, but also fined. This fine is different from the bank's high-interest fine, and it is also very high anyway.

In short, the act of overdrawing a credit card does not constitute a malicious overdraft. If the card issuer fails to return it after two times of collection, it will constitute a malicious overdraft. The amount of malicious overdraft needs to be considered, and the court will determine the specific punishment according to the amount. Once it constitutes a malicious overdraft, the cardholder will pay higher interest.