Credit card bad debts actually refer to receivables that have exceeded the repayment period and cannot be recovered after bank personnel have repeatedly collected collections from the cardholder. The receivables have been in a sluggish state for a long time, which is called credit card bad debts. . Simply put, it is the debt that has not been repaid after the credit card is overdue.

According to different reasons, bad debts can be divided into two categories:

1. Overdue bad debts. If a credit card is overdue and has not been repaid for a long time, and after bank personnel have repeatedly called for it, the cardholder still has not repaid the debt due to various reasons, which will result in overdue bad debts.

2. Bad debts over payment. If the credit card repayment exceeds the credit card repayment limit and is not used or processed for a long time, it will also generate bad debts, which are just overpayment bad debts.

This shows that bad debts are the result of failure to liquidate them in a timely manner. That means not paying back the money you owe on your credit card, and that’s not okay! It’s not okay to not handle overpayments on your credit card!