The consequences of not repaying a credit card debt of 300,000 for 4 years: 1. Serious overdue payment will affect personal credit: Now the country is gradually incorporating personal credit reporting into market-oriented operations. In the future, people with bad personal credit may be It is difficult to move even an inch.

2. Get on the credit blacklist: It is understood that generally no more than three overdue credit card payments are made. You can apply for a credit card but the amount is very small. You can also get a loan, but the interest rate is very high, and you have six overdue payments. Anyone who fails to repay one of the above or one overdue loan will be included in the blacklist of the People's Bank of China's personal credit reporting system (which is networked nationwide). If you are on the blacklist, you will not be able to apply for credit cards and loans.

3. Constituting a crime: According to the Criminal Law, a malicious overdraft of more than 5,000 yuan on a credit card constitutes the crime of credit card fraud and may be sentenced to less than 3 years in prison; a malicious overdraft of between 50,000 yuan and 200,000 yuan is considered an amount. If the amount is huge, you may be sentenced to 5 to 10 years in prison; if the amount exceeds 200,000 yuan, it is extremely huge, and you may be sentenced to more than 10 years in prison.

In the end, if you can't pay off the high amount of debt, you want to run away. Banks are not vegetarians. They have various methods of collection, but the result is just to pay more penalty interest, litigation and other miscellaneous fees.