1 Bad debts caused by excessive credit card repayment refer to the fact that you accidentally transferred more money when you repaid in your credit card, which will cause bad debts in the bank. In this case, you can withdraw the overpaid part and cancel the account;
Bad debts caused by the arrears of annual credit card fees can only be cancelled after the user pays off the arrears.
It should be reminded that the bad debts of banks caused by arrears must be paid off as soon as possible and handled by marketing households. Only after the account is closed, the bank will update the user's information, or even directly classify the user as an overdue account, so as not to have a negative impact on personal credit information. If there is still a bad debt record after closing the account, you can communicate with the bank.
The so-called bad debts refer to loans 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. Simply put, bad debts are accounts receivable that have not been recovered for a long time and have not been settled in time.
As we all know, after the bank lends money, it will notify the borrower to repay on time by SMS or telephone before the monthly repayment date. At the same time, the bank will also conduct post-loan management from time to time to check whether the repayment is normal and whether the use of funds is in compliance. If the borrower fails to repay the loan normally for a long time during the repayment period, the bank will start the collection procedure and recover the arrears by SMS/phone or even door-to-door collection. And if the borrower changes contact information or moves, the bank can't contact the borrower, and the arrears can't be recovered for a long time, which will form bad debts.
How to deal with bad debts in credit reporting?
1. Timely repayment: contact the source of this bad debt and pay off the debt. Then wait about 20 working days to check the credit report, which will generally be updated, but it is not to eliminate bad debts, but to record the overdue records of bad debts, but it has been paid off after the deadline and will be automatically eliminated after 5 years.
2. Remember to withdraw money when canceling the card: If it is a bad debt caused by excessive repayment of the credit card, just go to the bank counter to apply for withdrawing the extra money.
Finally, I would like to remind you that if you apply for bank loans or often deal with financial institutions, it is best to check your personal credit information once a year. If you find that you have left a bad credit carelessly, you must contact the bank in time to make a complaint and repay the arrears in time.