Credit card debt will not have the following consequences: penalty interest and liquidated damages; Credit damage; Collect by various means; Being sued, the assets may be seized; If the circumstances are serious, you will go to jail. If the borrower is really unable to repay the loan, he can apply to the lender for an extension.

Legal basis:

Article 676 of the Civil Code of People's Republic of China (PRC)

If the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant state regulations.

Article 678 of the Civil Code of People's Republic of China (PRC)

The borrower may apply to the lender for extension before the repayment period expires; If the lender agrees, it can be extended.

Article 255th of the Civil Procedure Law of People's Republic of China (PRC)

If the person subjected to execution fails to perform the obligations specified in the legal documents, the people's court may take or notify the relevant units to assist in taking measures such as restricting exit, recording in the credit information system, publishing information on non-performance of obligations through the media and other measures prescribed by law.

Article 3 13 of the Criminal Code of People's Republic of China (PRC).

The crime of refusing to execute the judgment or ruling is capable of executing the judgment or ruling of the people's court, and if the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or a fine; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined.

If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.