Because the credit card has not been repaid, the main consequences are:
1 will generate high overdue interest.
2. Will be sued by the bank to the court, resulting in legal fees, attorney fees and other economic losses.
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.
The Supreme People's Court's "Interpretation on Several Issues Concerning the Specific Application of Law in the Trial of Fraud Cases" stipulates that "the amount of more than 5,000 yuan is relatively large, the amount of more than 50,000 yuan is particularly huge, and the amount of more than 200,000 yuan is particularly huge. It can be seen that reaching 5000 yuan constitutes the crime of credit card fraud.