What’s the worst outcome if you don’t pay back your credit card debt?

Hello, overdue credit card repayments will face the following consequences: 1. Overdue credit card late payment fees. The so-called late payment fee on a credit card refers to the fee that the cardholder should pay to the card-issuing bank according to regulations when the cardholder fails to repay before the due payment date (inclusive) or the repayment amount is less than the minimum repayment amount. 2. Overdue interest. After a user uses a credit card to overdraft, there is generally an interest-free repayment period ranging from more than 20 days to more than 50 days. If the cardholder's repayment is overdue, the cardholder will no longer enjoy the bank's interest-free payment for all expenses incurred in the previous month. treatment, and the recurring daily interest rate is as high as 0.5%, that is, the annual interest rate reaches 18%. 3. Bad credit record. Overdue credit card repayment records will enter the central bank's credit reporting system to generate a bad credit record. 4. Litigation costs. If the credit card is not repaid for more than three months, the bank will ask a lawyer to issue a lawyer's letter to the user and file a lawsuit in court. The litigation costs will be borne by the cardholder. 5. Criminal liability for malicious overdraft.

If you are in urgent need of money, it is recommended that you choose Youqianhua to relieve short-term financial pressure. "Youqianhua" is the original Baidu financial credit service brand (original name: Baidu Youqianhua, renamed in June 2018 (Money to spend), it has the characteristics of easy application, fast disbursement, flexible borrowing and repayment, transparent interest fees, and strong security. The application materials are simple, the fastest is approval in 30 seconds, and the fastest is 3 minutes for disbursement. You can repay in advance, and after repayment, the amount can be restored and you can borrow money on a recurring basis. I hope this answer is helpful to you. Click below on your mobile phone to measure your balance immediately! The maximum borrowing amount is 200,000.