Credit Card Bad Debt is the credit card overdraft principal and interest that cannot be recovered even after the bank has taken all possible measures and necessary procedures. Generally, overdrafts on credit cards that are overdue for more than 181 days (inclusive) can be regarded as bad debts. This means that the bank has called on the debt more than 6 times, but the cardholder is still indifferent. In this case, the bank will set up this account. It is in bad debt status.

1. If the amount of bad debt on your credit card is not large, the bank will report your credit record to the central bank, and your personal credit report will be seriously stained. If you want to apply for a loan in the future, It's very difficult.

2. If your credit card has a large amount of bad debt, the bank will sue you. If you fail to repay, the consequences will be very serious.

Among them,

(1) If the credit debt exceeds 10,000 yuan and is not returned for more than 3 months after two collections by the card-issuing bank, it constitutes a crime of credit card fraud. Need to bear criminal responsibility and be sentenced.

(2) If the person does not fall into the above circumstances, he will not be criminally responsible and will not go to jail. However, no matter how much you owe, if you fail to repay it overdue, it will create a bad credit record, which will have a serious impact on your future credit card or loan applications.