What does Gitzo Financial mean by malicious overdraft?

Malicious overdraft is credit card fraud, that is, you spend money knowing that you can't afford the investment.

Improper overdraft is illegal, but it does not constitute a crime. The malicious overdraft identified by credit card fraud is generally a large amount. After more than two collections, refused to return, overdue for more than 90 days. Changed the telephone number and address without informing the bank. Credit card fraud is fraud first. Which means you cheated on me on purpose. As long as you didn't cheat on purpose, you can't be convicted of this crime. To put it bluntly, you don't want to pay back the credit card, and the bank can't find you. When I went to the bank, I was forced to report it. Banks will not report the crime of credit card fraud unless they have to, because once the case is filed, the cardholder is sentenced to jail and it is difficult to get the bank's money back. Everyone has been punished in prison for this incident, and cardholders are generally more reluctant to pay it back. After all, you can't go to jail twice for the same thing.