The husband’s credit card was overdue and he was sued. If the money was used for family expenses, the wife is also responsible and bears joint liability for compensation. According to the regulations, debts borne by both spouses with the same consent, such as signatures or subsequent ratification by one spouse, as well as debts borne by one spouse in his or her own name for the daily needs of the family during the marriage, belong to the couple. ***Same debt.

What are the consequences of not paying off your credit card?

1. High interest and late fees

Cardholders who do not repay their credit card will no longer enjoy interest-free credit card payments. During the period, interest of 0.5% per day will be calculated starting from the day of consumption, and compound interest will be calculated on a monthly basis. A debt of tens of thousands of yuan will accrue thousands of yuan in interest within a few days. The longer the period, the higher the interest.

If the credit card interest-free period is exceeded and the credit card holder is not repaid in time, the bank will charge a late payment fee to the credit card holder, which is 5% of the unpaid minimum repayment amount. After a certain period of time, the bank will charge the card holder with a late payment fee. People charge higher penalty rates.

2. Personal credit stains

As long as you have applied for a credit card or a loan, you will know how important your personal credit record is. It will be difficult to apply for a credit card. This is not the most troublesome thing. The worst thing is that if you want to buy a house in the future and your credit is stained, the loan amount of the mortgage will be smaller than others, and the interest rate will be higher than others. If the application is seriously overdue, Even if you want to pay more interest rates, the bank will not lend to you.

3. Credit card suspended

If the credit card is not repaid, the bank will take back the revolving credit granted to the cardholder, and the credit card will be suspended. For repeated repayment arrears or long-term arrears of large amounts, the bank will consider the cardholder to have a higher risk of repayment, and will stop using the credit card and recover the arrears from the cardholder. This will cause the bank to encounter problems. If the credit card debt is still not repaid after collection, the bank may apply to auction the cardholder's other fixed assets.

4. Malicious debts will be punished

If the credit card debt is not repaid for more than three months, it will be regarded as a malicious overdraft, and the bank can initiate judicial proceedings. my country's criminal law stipulates that if a credit card overdraft exceeds 5,000 yuan, the debt is in arrears for more than 3 months, and the bank refuses to repay the debt more than three times, the judicial authorities will take corresponding measures (a sentence of more than 5,000 yuan and criminal detention of not more than 5,000 yuan).

Legal basis:

"The People's Republic of China and the Civil Code"

Article 1064: Both spouses must sign with the same signature or Debts borne by one spouse after the fact is later ratified by a mutual consent, as well as debts borne by one spouse in his or her own name for the daily needs of the family during the marriage, are joint debts between the spouses.

Debts borne by one spouse in his or her own name during the marriage, which exceed the daily needs of the family, are not joint debts of the couple; however, the creditor can prove that the debt is used for the joint purpose of the couple. Exceptions include life, sex, production and operation, or based on the consent of both spouses.