Legal objectiveness:

1. What to do when you receive a credit card debt collection letter and repay it in a timely manner according to bank regulations. The main legal consequences of not repaying your credit card debt are: 1. High overdue interest will be incurred. 2. The bank will sue you in court, and you will incur economic losses such as litigation costs and attorney fees. 3. An individual will have a bad credit record, which will have an impact on future bank cards and loans. 4. If the amount owed exceeds 10,000 yuan, it constitutes a crime of credit card fraud and will be investigated for criminal liability. Article 196 of the "Criminal Law" The crime of credit card fraud falls under any of the following circumstances. If the amount of credit card fraud is relatively large, he shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan. ; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and a fine of not less than 50,000 yuan but not more than 500,000 yuan; if the amount is particularly huge or there are other particularly serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years and not more than ten years, and a fine of not less than 50,000 yuan but not more than 500,000 yuan; Or life imprisonment, and a fine of not less than 50,000 yuan but not more than 500,000 yuan, or confiscation of property. 2. What role does the bank collection letter play? 1. Inquiring about the bank collection letter can promptly understand the reasons for the other party's default in payment, and communicate information so that corresponding countermeasures and measures can be taken to coordinate the relationship between the two parties. 2. In order to speed up the flow of funds, ensure reasonable turnover, and expand reproduction, debt collection creditors will take collection measures for intentional or unintentional defaults in payment. Through reminders, arrears can be recovered in a timely manner and economic losses can be avoided or reduced as much as possible. 3. Voucher If actual economic losses are caused to the creditor due to default in payment, the bank collection letter can also serve as a recording voucher. That is, when the collection unit wants to ask the relevant parties to trace the financial responsibility of the other party, the bank collection letter can be used as a document. A strong evidence.