It’s been ten years since I owe 50,000 to a credit card. What should I do if I don’t have the money?

Once you have a credit card debt, you must pay it back in time to avoid overdue payments that will have a negative impact on your credit record!

Article 196 of the "Criminal Law" stipulates that anyone who engages in credit card activities under one of the following circumstances and the amount is relatively large shall be sentenced to not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan and 200,000 yuan. If the amount is huge or there are other serious circumstances, the penalty shall be not less than five years but not more than ten years, and a fine of not less than 50,000 yuan but not more than 500,000 yuan; if the amount is particularly huge or there are other particularly serious circumstances, the fine shall be not less than five years but not more than ten years, and a fine of not less than 50,000 yuan but not more than 500,000 yuan; , and be subject to a fine of not less than 50,000 yuan but not more than 500,000 yuan, or property confiscation:

(1) Using a forged credit card, or using a credit card fraudulently obtained with false identification;

(2) Using an expired credit card;

(3) Pretending to use another person’s credit card;

(4) Malicious overdraft.

The term "malicious overdraft" as mentioned in the preceding paragraph refers to the cardholder's behavior of overdrafting beyond the prescribed limit or within the prescribed period for the purpose of illegal possession and failing to return the card after being called upon by the card-issuing bank.

Extended information

According to the provisions of Article 6 of the "Interpretation on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases Obstructing the Management of Credit Cards", between 10,000 yuan and less than 100,000 yuan , the credit card holder has committed a criminal act and will be held criminally responsible by the bank.

According to relevant laws, a malicious overdraft of more than 80,000 yuan is considered a relatively large amount. According to Article 196 of the "Criminal Law", the person may be sentenced to up to five years and fined between 20,000 yuan and 200,000 yuan. between.

A malicious overdraft is a credit card holder who overdrafts the amount owed by the bank beyond the prescribed limit and time. If the bank has not paid back the amount for more than three months after two collections by the bank, it violates Article 196 of the Criminal Law. For malicious overdrafts, if the cardholder chooses to repay all the overdraft interest after the public security organ files a case before the people's judgment is pronounced, he may be given a lighter punishment. If the circumstances are not serious, he may be exempted from punishment.