1. How to deal with overdue bad debts on credit cards

If the bad debts are overdue, you must pay off all the debts as soon as possible and then contact the bank Let the bank deal with bad debts. After being processed by the bank, the credit card will show an overdue record and save it for 5 years. After 5 years, it will be automatically deleted.

If the bad debt is due to overpayment on your credit card, you can also withdraw money directly. Then contact the bank and let the bank handle it promptly. The bank will report the credit report to the central bank, and after the credit report is updated, the credit card status will return to normal.

The credit card bad debts in the personal credit report are seriously overdue, which is much more serious than ordinary overdue debts. Even if the balance is paid off, the record may not be cleared.

2. What are the consequences of an overdue credit card becoming a bad debt?

1. Freeze the credit card. If the debtor still refuses to repay the bank after multiple collections, the bank will freeze the user's credit card permissions. The cardholder's credit card can no longer be used.

2. It affects personal credit reporting. Credit reporting is very important to each of us. Bad credit card debt will inevitably affect your credit score. When we have bad debts, the impact on our credit report is very large. If you want to apply for a loan from the bank, the probability of approval is almost zero.

3. High penalty interest. After the credit card is overdue, penalty interest will be charged, usually a daily interest rate of 0.5%. This interest rate is already relatively high, and the annual interest rate can even reach 18%

3. What to do if your credit card is overdue

1. Under normal circumstances, credit cards that are overdue within three months are generally classified as internal collections within the bank. The collection methods and intensity are relatively friendly, and the possibility of being sued is very low. At this time, if the cardholder really has financial difficulties, you can apply to the bank for negotiation. Generally speaking, banks will make concessions based on your situation.

2. Don’t avoid the bank’s collection calls. Unanswered collection calls may cause the cardholder’s family members to feel uneasy due to collection calls. Because when the bank cannot contact the cardholder, the bank will usually call your family and ask your relatives to urge you to repay the debt.

3. Organize relevant information; deal with it through legal channels, negotiate with the bank for personalized installments or deferred repayment, and try to avoid being collected and sued.

For bad debts caused by overdue debts, you should pay off all outstanding debts as soon as possible and contact the bank to request the bank to handle the bad debts. For bad debts caused by overpayment on credit cards, you can directly withdraw money and contact the bank to ask the bank to handle it in a timely manner.

If there are any unclear or new situations, we recommend that you call us directly for free consultation so that you can understand the communication case situation and provide you with detailed and targeted answers to avoid problems due to incomplete information and poor communication. , the answer is wrong. I wish you success in safeguarding your rights.