Credit card is a consumer payment tool for people with stable jobs. Paying each other back by credit card is a sign of income instability. If you can't repay the mortgage, you can use several credit cards to repay each other, and you will bear the interest of multiple cards. After a long time, the interest of each card will exceed the principal, even several times. At this point, cardholders will face the situation that they cannot repay their credit cards and mortgages. If it is unable to repay for more than three months, the bank will first sell the cardholder's property at a low price to pay the arrears, and the remaining arrears will be prosecuted by the bank for credit card fraud, with a maximum sentence of life imprisonment. By then, the house will be gone and I will spend the rest of my life in prison.

Overdue for more than three months or bank reminders for more than two times;

The bank will freeze your card, list you as a prohibited customer (blacklist), and will also sue you for credit card fraud and malicious overdraft, which will be enforced by the court. If you refuse to repay the loan after prosecution, and the debt exceeds 10000, the court will punish you for the crime of credit card fraud according to Article 196 of the Criminal Law:

Article 196 of the Criminal Law stipulates that in any of the following circumstances, if a large amount of credit card fraud is committed, it shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and a fine of not less than 20,000 yuan but not more than 200,000 yuan shall be imposed; 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:

(a) using a forged credit card, or using a credit card fraudulently obtained with a false identity certificate;

(2) Using an invalid credit card;

(3) Fraudulent use of another person's credit card;

(4) malicious overdraft.

Malicious overdraft refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and refuses to return it after being urged by the issuing bank. Malicious overdraft is the main risk form in credit card business and a part of credit card fraud.