The money owed by children on credit cards will not harm their parents. If you don't repay your credit card, first of all, your personal credit report will have overdue records, causing credit stains. Secondly, non-repayment will result in interest of 0.05% per day and late payment fees every month. Repayment costs will become higher and higher. If a credit card is overdue and the bank fails to repay the amount within two months after three reminders, and the amount exceeds 5,000, the bank has the right to sue. The bank will ask you for money, not your relatives or parents.

As long as the credit card is overdue, the bank can sue the cardholder for breach of contract, that is, file a civil lawsuit. Considering the cost of litigation in life, banks will generally sue when the amount reaches 5,000 yuan. If a credit card is maliciously overdrawn and the amount exceeds 50,000 yuan, a case should be filed for prosecution. At this time, criminal liability will be pursued. "Malicious overdraft" refers to the cardholder's overdraft exceeding the prescribed limit or prescribed period for the purpose of illegal possession, and the card-issuing bank still fails to return the card for more than three months after being called upon twice.

How to deal with non-repayment of credit card debt:

The money owed to credit card can only be solved by paying it off. However, if you have long-term non-repayment of credit card debt, you will definitely have to pay back the principal with interest. . It is best for the debtor to take the initiative to contact the bank to negotiate repayment to see if part of the interest can be reduced or exempted, or repayment in installments can be suspended without interest.

Usually banks will only give opportunities for negotiation if the amount of debt that is overdue for more than 3 months is relatively large, but it is not that easy to apply for negotiated repayment. The debtor must be sincere, explain his difficulties, and provide The information proves that he is not unwilling to repay, but is temporarily unable to do anything. Whether the negotiation can be successful depends on the bank's decision.

If the negotiation is successful, the two parties will sign a new repayment agreement. The debtor must repay the money on time and in full every month according to the time and amount stipulated in the agreement. Otherwise, if it is overdue again, it will be a second breach of contract. The bank will not give the opportunity to negotiate, and will only ask the debtor to pay off the debt at once, otherwise it may sue.

If the negotiation fails, the debtor should try his best to pay off the debt. First, he must ensure that he has a profitable job. If he has income, he will have a source of repayment. If he does not have enough money to repay, he must find a source of repayment. Relatives and friends can ask parents for help. If you have assets in your name, you can sell them to raise money to repay, but you must not use loans to support loans.

If your child's credit card has a debt problem, the parents will not be implicated. You must maintain a sincere attitude and apply for installment repayment. If the bank does not agree to the installment, you can change the credit card bill. On the same day, the repayment time was changed to reduce the repayment pressure of cardholders. If the credit card debt is not paid for more than three months, the card-issuing bank needs to go to court to sue the cardholder.

Legal basis:

Article 18 of the Civil Code

Adults are persons with full capacity for civil conduct and can independently perform civil legal acts. Minors over the age of 16 who rely on their own labor income as their main source of living are deemed to be persons with full capacity for civil conduct.