1. What does credit card bad debt write-off mean? Credit card bad debt refers to the status of a credit card. Generally, a credit card is overdue for more than 3 months and the bank has called for payment more than 6 times. If the cardholder is unable to repay, the credit card that cannot collect the debt will be set as bad debt. . The write-off of credit card bad debts can be seen as a way for banks to deal with non-performing loans, that is, writing off domestic accounts and leaving external accounts pending. Banks will treat arrears that cannot be recovered for a long time as non-performing assets, and then digest them internally, that is, use deposit reserves to pay off the arrears, but the arrears will still be recorded in the cardholder's account. After all, this The money is not paid back by the cardholder himself.
2. Do I still need to repay the credit card after writing off bad debts? Some cardholders said that after the bad debts of their credit cards were written off, the bank customer service said they did not need to pay them back. This situation is also possible. But everyone needs to think carefully. Writing off bad debts on credit cards does not mean that bad credit can be eliminated. Therefore, if you want to restore your credit score, it is best to repay the bad debts even if the bad debts are written off. After paying off the debt, you can The bank negotiates to delete the bad debt. If the bank agrees to delete it, it will apply to the central bank's credit reporting center to modify the credit report. The revised bad debt will become overdue. In this way, the bad debt record is officially terminated, but the bad credit record will be retained for 5 years from the date of termination of the bad debt before it is officially eliminated.