As the credit card has not been repaid, its legal consequences mainly include:

1 will generate high overdue interest.

You will be sued by the bank to the court, and you will have economic losses such as legal fees and attorney fees.

3. Individuals will have bad credit records, which will have an impact on future bank cards and loans.

4. The amount owed is more than 6,543,800 yuan, which constitutes the crime of credit card fraud and should be investigated for criminal responsibility.

criminal law

Article 196 Whoever commits credit card fraud under any of the following circumstances, if the amount is relatively large, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property.

Be honest and responsible for your actions. I suggest you communicate with the bank in time to solve the problem properly. Procrastination is not a positive way to face problems, but something you should do.

If the credit card is not repaid, the cardholder will no longer enjoy the interest-free period of the credit card. From the date of consumption, 0.5 ‰ interest will be charged every day, and compound interest will be calculated monthly. Tens of thousands of dollars in arrears will generate thousands of dollars in less than a few days, and the longer the time, the higher the interest.

If the credit card fails to repay in time after the interest-free period, the bank will charge the cardholder a late fee, which is 5% of the unpaid part of the minimum repayment amount. After a certain period of time, the bank will charge the cardholder a higher penalty interest.

Personal credit stain How important personal credit records are, as long as you have applied for a credit card or loan, you will know. It will be very difficult to apply for a credit card once your credit history is tainted. This is not the most troublesome. Worst of all, if you want to buy a house in the future, the loan amount will be less than others and the interest rate will be higher than others. If it is overdue, even if you want to pay more interest, the bank will not lend it to you.

If the credit card is deactivated and the credit card is not repaid, the bank will withdraw the revolving credit given to the cardholder and the credit card will be deactivated.

For those who owe money for many times or for a long time, the bank will think that the cardholder has a high risk of repayment, so it will stop using the credit card and recover the arrears from the cardholder. If the bank still fails to repay the credit card arrears, the bank may apply for auction of other fixed assets of the cardholder.

Malicious arrears will be sentenced. If the credit card is not repaid for more than three months, it will be regarded as a "malicious overdraft" and the bank can initiate judicial proceedings. China's criminal law stipulates that if the credit card overdraws more than 5,000 yuan and the debt lasts for more than 3 months, the judicial organ will take corresponding measures (more than 5,000 yuan; Criminal detention of less than 5,000 yuan)