Will there be late payment fees after litigation for bad debts?

Yes. There will be late fees after litigation for bad debts. Bad debts refer to overdue debts that have not been repaid for a long time and have changed from overdue status to bad debt status. At this time, bad debts will continue to generate overdue interest and late payment fees. Don’t you have to pay back bad bank debts?

1. What needs to be paid back. Bad debts only no longer add interest and penalty interest. If your letter shows bad debts of 1,000, you only need to repay 1,000. There will be no new late payment fees or penalty interest, but the amount that should be repaid still has to be repaid, otherwise it will follow It will always be a bad mark on you throughout your life, hindering your future loan and credit card applications. Bad debt information will always be recorded on your personal credit report. When applying for credit cards or loans, banks and lending institutions that are connected to the central bank's credit reporting system usually check the customer's credit score. If they find that the customer has bad debts that have not been repaid, they will basically not approve the customer's credit card or loan.

2. How to solve bad debts?

1. Bad debts caused by overdue credit cards

If there are bad debts due to overdue credit cards, the borrower needs to make full repayments. After that, you can continue to use your credit card and make sure you pay it back on time. Remember not to cancel, otherwise it will be difficult to apply for a credit card later.

2. Bad debts caused by unpaid annual fees

If the bad debts are caused by annual fees, it is recommended to contact the bank directly to communicate, especially if you are not aware of the annual fee payment problem. You can ask the bank to immediately cancel the bad debt record in the credit report.

It should be noted that if the annual fee has incurred bad debts without your knowledge, it can be waived, and the bank that uploaded it should delete it. If the bank agrees to perform the deletion operation, it usually takes a week at the fastest and one to two months at the slowest.

Will it still appear on the credit report after the bad debt is dealt with?

Each bank handles this differently. When you cancel your account at a bank, some banks will immediately update your credit record and even classify your bad debt records into accounts that are not overdue. . But some banks are worse. Even after you close your account, bad debts will still remain on your credit report, and bank negotiations are useless.

In addition, if you have dealt with a credit card with bad debt records, it is recommended to check your personal credit report one month later to verify whether there are still bad debt records. Credit investigation is very important to each of us, so please do it and cherish it. Will late payment fees and interest be incurred after a credit card becomes a bad debt?

Will late payment fees and interest be incurred after a credit card becomes a bad debt? In fact, you will not incur these fees if you do not use a credit card. However, these fees will be incurred if the money you previously spent on your credit card has not been repaid. And late payment fees and interest are very high in banks. Therefore, after using the credit card money, you must pay it back. If you don't owe any money on your credit card but you keep it there without using it, you won't incur these charges. As long as you spend money on your credit card, you will have such charges. It will also affect your credit in the credit reporting system.