1. What will happen if you go to jail for not paying back your credit card?

If you are sentenced and your credit card is overdue, you may be sued by the bank for repayment. Once a credit card is overdue, you will be charged high interest rates and late fees. Interest is calculated on a daily basis and compounded monthly. Late payment fees are charged at 5% of the unpaid portion of the minimum repayment amount.

In addition, being sentenced to an overdue credit card may result in increased jail time. If a credit card is overdue for more than three months and the overdue principal is more than 50,000 yuan, the cardholder may be guilty of credit card fraud and may be sentenced to up to five years in prison.

2. What to do with debts after being imprisoned

Debts should be paid off after a person is imprisoned. While criminals are serving their sentences, such as in prison, they still enjoy normal civil rights in accordance with the law. For debts owed previously, creditors can demand them through negotiation or litigation. Creditors can file a lawsuit with the people's court where the plaintiff is located to recover the debts. Return debt. Debts should be paid off. If there is no money to repay temporarily, the debtor can repay in installments with the consent of the creditor or the ruling of the People's Court. If the debtor is able to repay but refuses to repay, the People's Court will make a ruling to force repayment.

3. How long will it take to go to jail if the credit card is overdue?

1. Overdue jail time is not completely related to the overdue time, but also related to the overdue amount of the credit card and the overdue situation. If the overdue period is long and the overdue amount is high, the bank will file a lawsuit against the cardholder.

2. If the court determines that it constitutes credit card fraud, then the cardholder will need to bear criminal responsibility and may be sentenced to 5-10 years in prison. In other words, to be jailed for an overdue credit card requires that the overdue time is relatively long, the amount is relatively large, the overdue situation is serious, and it requires a court judgment. If the overdue credit card is not serious, it is best to pay it off as soon as possible. If it was not intentional, If it is overdue, it is recommended to contact the bank to explain the situation and then discuss a repayment plan.

When a cardholder discovers that there is overdue interest on his credit card after being released from prison, he can bring relevant materials to the bank for appeal processing to safeguard his rights and interests. Of course, under normal circumstances, banks will automatically suspend cardholders in prison. If you are sentenced to an overdue credit card, the bank has certain exemption rules and generally will not charge interest while the cardholder is in jail.