Are parents responsible for repaying a child’s credit card debt? This requires a detailed analysis of the specific situation. The following is an analysis: The question of whether the parents are responsible for the son’s credit card debt or not must be analyzed based on the specific situation.

In the first case, if the son is an adult, his parents do not need to bear the responsibility for the debt if the son defaults on his credit card.

In the second case, if the son is a minor, the situation is reversed.

If the child is an adult, the parents of the child who defaults on the credit card do not need to bear the responsibility for the debt;

But if the child is a minor, the parents are the second repayers. , to repay the credit card for the children.

No more than two issuing banks may issue student credit cards to the same eligible applicant (excluding supplementary cards)

If the credit card balance is not paid, the following adverse consequences will result:

1. Penal interest will be calculated at a daily interest rate of 0.5% from the overdue date until the customer pays off all the debt. If the customer continues to fail to repay the debt, penalty interest will naturally continue to accrue, and the customer's repayment pressure will increase.

2. The overdue situation will be reported to the central bank’s credit report by the card-issuing bank, and a bad record of studying abroad will be included in the customer’s personal credit report. If you keep overdue, serious bad information such as "three in a row and six in a row" will be recorded on your credit report, causing serious damage to your personal credit.

3. The bank is likely to implement risk control on the card due to customer credit damage and increased account risk, reduce the limit, or even directly close the account and freeze the limit so that the customer can no longer use it.

4. Due to credit problems, customers will be hindered from applying for new credit services at banks or other consumer financial institutions, and it may be difficult to successfully do so in a short period of time.

5. If the payment is overdue for too long, the amount owed is not low, and the bank ignores multiple reminders, the bank will probably sue the customer if it cannot contact anyone.

So I advise everyone, if you have a credit card debt, you must pay it off in time, otherwise it will accumulate more and more.

Legal basis:

Article 50 of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks", the card-issuing bank shall establish a credit card credit management system, based on the cardholder's credit status and card usage. Dynamically manage credit card credit limits and risk information, and notify cardholders in a timely manner in accordance with the agreed method. If necessary, the cardholders may be required to identify a second source of repayment or provide guarantees.

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.

Article 45 of the "Measures for the Supervision and Administration of the Credit Card Business of Commercial Banks" shall not issue more than two student credit cards to the same eligible applicant (except supplementary cards). Before issuing a student credit card, the card-issuing bank must confirm the second source of repayment, obtain written guarantee materials from the second source of repayment (parents, guardians, or other administrators, etc.) who are willing to repay the money on their behalf, and confirm the second source of repayment. the authenticity of the party’s identity.

Article 34 of the Civil Code

The duty of a guardian is to act on behalf of the ward to perform civil legal acts and protect the ward's personal rights, property rights and other legitimate rights and interests.

The rights arising from the guardian's performance of guardianship duties in accordance with the law shall be protected by law.

If a guardian fails to perform his guardianship duties or infringes upon the legitimate rights and interests of the ward, he shall bear legal responsibility.

If a guardian is temporarily unable to perform guardianship duties due to an emergency such as an emergency, and the ward's life is left unattended, the residents' committee, village committee or civil affairs department of the place where the ward lives shall provide for the ward's care. The guardian arranges necessary temporary living care measures.