The consequences of not repaying bank credit card debts

1. It may have a negative impact on your personal credit products, and upload it to the central bank’s personal credit database in accordance with regulations. Once it is uploaded to the central bank’s personal credit database, The credit blacklist will affect future loans, employment and other issues. Once a person loses his trust, it will be difficult to move forward;

2. It will generate large amounts of penalty interest and late payment fees, which will require more and more compound interest to repay the money, reaching a certain level. If you still don't repay the loan within the limit, you will call the police and sue, and the court will force you to repay;

3. The bank will make phone calls, text messages, etc. to collect collection, and will also contact and inform family members, relatives and friends, and in the end everyone will As we all know, personal integrity and reputation will be seriously affected;

4. Two collections from the card-issuing bank and failure to repay them for more than three months are considered "malicious overdrafts", which are criminal acts of credit card fraud. , if the circumstances are serious, you will inevitably be imprisoned.

Extended information:

Malicious overdraft

A malicious overdraft on a credit card means that the cardholder exceeds the prescribed limit or prescribed period for the purpose of illegal possession, and has The issuing bank collects invalid overdrafts. Malicious overdrafts are a major form of risk in the credit card business and are part of credit card fraud. It is the most common and extremely damaging risk for card-issuing banks.

Credit card fraud

According to Article 196 of the Criminal Law, the crime of credit card fraud refers to the use of credit cards to conduct fraudulent activities for the purpose of illegal possession, in violation of credit card management regulations, and to defraud larger amounts of property. Big act. The use of credit cards generally refers to the use of counterfeit or invalid credit cards or fraudulent use of other people's credit cards or malicious overdrafts to conduct fraudulent activities.

The crime of credit card fraud is a type of fraud crime. The relationship between this crime and the crime of fraud is the special law and the general law. In this crime, the credit card is a criminal tool, not the object of the crime. If a perpetrator uses credit cards as a criminal tool to carry out fraudulent activities, he will be convicted and punished for this crime in accordance with the principle that special laws are superior to general laws. Therefore, the crime of credit card fraud, in short, is the criminal activity of fraud committed by using the credit reflected in the credit card.

Reference material: Credit card fraud—Baidu Encyclopedia