Credit card "bad debt" means that the bank has paid this debt for you, so you don't have to pay it back. Credit cards have many overdue customers every year. If the proportion of overdue bad debts of bank credit cards exceeds the regulations of the regulatory authorities, they will be fined. So every year the bank will have a batch of "bad debts", and the bank will not freeze your account!

Credit card "bad debts" will accompany the central bank for a lifetime. The worst result is that you will sever contact with the bank in the future. For example, mortgage, car loan and loan basically bid farewell, and others have no influence. If you have money in the future, you can negotiate with the bank whether you can accept repayment. If possible, the credit record of the central bank will be kept until the fifth year after repayment.

If you care about your credit report, if you plan to buy a car, a house or a loan in the future, don't overdue your credit card. After all, now is the credit age. In fact, most people who are overdue are forced to do so. Just like the big market and epidemic situation in recent years, there are not a few people whose credit cards are overdue. If used well, they are a fortune. If you don't make good use of them, they are a bottomless pit. ...

Credit cards should cancel loans.

No matter what the status of the account is, as long as the debt is paid off, the personal account will not be frozen.

However, it still has an impact on credit reporting. For example, there will be obstacles to further loans, especially credit loans (including credit card applications).

Fortunately, there is a new policy now, and your credit information can still be saved. The bill of the existing account will not be overdue within 5 years, so don't apply for online loan.

After five years, your credit information will have no effect on you.