What is credit card bad debt? Credit card bad debt, simply put, means that the money in your credit card that has not been processed has become a bad debt because it has not been processed, resulting in a long-term sluggish state. For example, if you have been overdue and failed to pay when the bank calls for it, it may become a bad debt; or if you have an overpayment on your credit card and you keep trying to withdraw it, it may also become a bad debt.
Can credit card bad debts be paid off slowly? If you have a bad debt on your credit card and you are unable to pay it off for a while, you can negotiate with the bank to pay it off slowly. However, bad credit card debts, such as those caused by overdue repayments, will remain on your personal credit report if they are not paid off, and it will take another five years after you pay them off before the record will be recorded. eliminate. So when you find a bad credit card debt, it’s better to pay it off promptly.
Does bad credit card debt still count as interest? When some people are repaying bad debts, they will question whether interest will be calculated when repaying bad debts. This mainly depends on the bank's regulations. Some banks will require you to pay overdue interest after paying off the principal, and some will Just pay off the amount that shows up on your credit report. Of course, if you have bad debts caused by overpayment, then it will be fine if you withdraw the overpayment, and there will be no interest.
How long will it take to be punished for bad credit card debt? If you have bad debts caused by overdue credit card payments, then if you owe more than 10,000 yuan in overdue debt, and the bank has collected it twice and still failed to repay it for more than 3 months, this constitutes the crime of credit card fraud and you will be charged. If you bear criminal responsibility, you will be sentenced and punished. If your overdue payment does not fall into the above circumstances, there will generally be no penalty. But the bank will also put you on the list of dishonest people, and you will be blacklisted. In the future, whether you apply for a card or get a loan, you will be rejected. The above is the answer to "Can bad credit card debts be paid off slowly? How long will it take to be punished for bad credit card debts?" If the credit card bad debt is caused by overpayment, then just withdraw the money, and the bad records will be gradually eliminated. If it is caused by overdue payment, you can negotiate to pay it back slowly, but if it is not paid off, your credit report will There is a display. As for whether you will be punished, it depends on whether you meet the above circumstances.