1. Encounter a high penalty interest: if the cardholder fails to pay back, the bank will impose a penalty interest on the overdue part on a daily basis, with a daily interest rate of five ten thousandths;
2. Call for collection: If the cardholder fails to repay the loan, the bank will assign personnel to call the borrower and contact the family for collection, which will seriously interfere with life;
3. Bad record: If the cardholder fails to repay after the grace period for repayment, the bank will upload the overdue record to the Credit Information Center of the People's Bank of China, resulting in a bad credit record. ;
4. being sued by the bank: if the cardholder fails to repay the loan for more than 9 days, the bank will sue the cardholder in court according to legal procedures, and after winning the case, the court will force the cardholder to repay the loan.
Legal basis: Article 177-1 of the Criminal Law of the People's Republic of China
The crime of obstructing credit card management is under any of the following circumstances. If it obstructs credit card management, it shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also be fined not less than 1, yuan but not more than 1, yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than 1 years, and shall also be fined not less than 2, yuan but not more than 2, yuan:
(1) Holding and transporting a large number of counterfeit credit cards knowingly, or holding and transporting a blank credit card knowingly;
(2) illegally holding other people's credit cards in a large number;
(3) fraudulently obtaining a credit card by using false identification;
(4) selling, buying or providing others with forged credit cards or obtaining credit cards by fraudulent identification.
crime of stealing, buying or illegally providing credit card information. Whoever steals, buys or illegally provides other people's credit card information shall be punished in accordance with the provisions of the preceding paragraph.
any employee of a bank or other financial institution who commits the crime mentioned in the second paragraph by taking advantage of his position shall be given a heavier punishment.