You can negotiate with the bank where the credit card is located and pay off the debt. If you don't pay back the money, you should take the initiative to contact the bank as soon as possible, and submit materials to prove that your repayment ability is insufficient, and finally show your willingness to repay. Pay by installment to the bank.

The bank will consider agreeing to the user's installment repayment request as appropriate.

The consequences of not paying bank loans are as follows:

1. Credit information is damaged.

If the loan is recorded in the credit information and has not been returned for more than ten years, it means that there are a large number of overdue records on the borrower's credit information. It has exceeded the point of "three troubles and six". There is basically no way for borrowers to apply for loans from banks or other financial institutions in the future.

2. High liquidated damages

When the arrears reach ten years, no matter what the previous loan amount is, after more than ten years, the amount of arrears is also very huge. As long as the borrower does not repay the loan for one day, there will be interest for one day. At the same time, it will also increase the loan penalty. In this way, the repayment pressure of borrowers is not generally large.

Step 3 be sued

Although most financial institutions will list loans as bad debts after three years in loans overdue. However, some financial institutions will not give up debt collection. If the borrower fails to repay the arrears for more than ten years, financial institutions are likely to choose to sue the borrower directly.

Legal basis:

Criminal law of the people's Republic of China

Article 3 13

Refusing to execute the judgment or ruling of the people's court, if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or a fine; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined.

If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the persons who are directly in charge and other persons who are directly responsible shall be punished in accordance with the provisions of the preceding paragraph.

People's Republic of China (PRC) Civil Code

Article 67 1

If the lender fails to provide the loan according to the agreed date and amount, thus causing losses to the borrower, it shall compensate for the losses.

If the borrower fails to collect the loan according to the agreed date and amount, it shall pay interest according to the agreed date and amount.