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What do you mean, credit cards are cancelled and there are bad debts?
Bad debts refer to accounts receivable that have passed the repayment period, can not be recovered after collection, and are in a sluggish state for a long time, which may become bad debts.

There are many reasons for credit card cancellation and bad debts. For example, if the credit card is overdrawn, it will not be settled in time, and the service period of the credit card has expired. It will lead to the cancellation of credit cards and bad debts in personal credit records.