Consequences of overdue repayment of bank credit cards:

1.

Generate penalty interest;

2.

Have a bad credit record;

3.

Dunning by lending institutions;

4.

Dispose of the assets of the borrower and guarantor;

5.

If the circumstances are serious, you may go to jail.

note:

1.

Bad credit records are recorded in personal credit information;

2.

It usually takes five years to be eliminated;

3.

Some serious cases can be postponed to ten years before they can be cleared;

4.

Some serious and bad cases will enter the permanent blacklist.