We all know that it would be more serious if the overdraft was deemed to be a malicious overdraft and one was held criminally liable. However, if you really don’t have the money to repay, you can avoid overdue payment through the minimum payment. So what should you do with this minimum payment? Are there any consequences? Come with me to find out.

1. High interest and late fees will be incurred. And the longer the delay, the greater the repayment pressure on cardholders. This is a vicious cycle.

2. Credit cards that are overdue for more than 2 months will be frozen (the specific time depends on the bank regulations). Generally, it can only be stored but cannot be retrieved.

3. Create a bad credit record. It will have a negative impact on applying for a credit card or loan again in the future, and the credit limit of the existing card will also be reduced. Under normal circumstances, if a cardholder is overdue three times (a short overdue period), the bank will report it to the central bank, and the central bank system will assign a bad credit record. Cardholders within three times will only be displayed in the bank. Banks generally reserve a two-day "grace period" for customers. That is to say, even if the customer repays within two days after the "last payment date", it will generally not be regarded as "repayment overdue".

4. If the cardholder insists on not repaying the loan. The bank will sue, and if it constitutes malicious default (change of contact information, contact address, and the credit card balance owed is relatively large), the bank will pursue the cardholder's criminal responsibility for "suspected credit fraud", and in serious cases, he will be imprisoned. According to relevant regulations, if a cardholder cannot repay the minimum repayment amount for three consecutive months, the bank has the right to file a lawsuit in court.

After reading the above content, everyone clearly understands that the above results will occur if the minimum repayment of the credit card is not paid. I hope the answer will be helpful to you.