1. How to get a loan for bad credit card debt?

If there is a bad debt record on the credit report, the user cannot apply for a loan. The user must wait until the bad debt record is deleted before the user can apply for a loan. Bad debt records are an upgraded version of overdue records. Only serious overdue records will become bad debt records. If the user pays off the overdue debt, the bad debt record will be the same as the overdue record. From the day of repayment, the bad debt record will be in The credit report will be retained for 5 years, and bad debt records will be automatically deleted after 5 years.

Therefore, when there is a bad debt record on the credit report and the user has paid off the overdue debt, the user can get a loan after the bad debt record is deleted. If the user fails to pay off the overdue debt, the bad debt record will remain in the user's credit report. In the long run, it will cause a stain on the credit report. If there is a stain on the credit report, the user will not be able to handle any credit business.

2. How to deal with credit card bad debts?

1. Bad debts caused by overpayment

If the bad debts are caused by overpayments, the processing is relatively simple. The cardholder only needs to transfer the amount in his or her credit card. Just withdraw the overpayment and cancel the credit card account.

2. Bad debts caused by annual fees

Bad debts caused by credit card annual fees require the cardholder to pay off the annual fee and then cancel the account.

3. How to deal with general bad debts

Under normal circumstances, the first step in dealing with bad debts is to pay off the debt. After paying off your debt, you also need the cardholder Go to the marketing account to handle it. It should be noted that if the bad debt is not closed, the bad debt record on the cardholder's credit record will not be eliminated.

3. Will the interest on bad debts still increase?

If the debt becomes a bad debt, interest will also be charged. As long as the payment is overdue for one day, the accountant will charge one day's interest until the customer pays everything back.

The longer the customer delays in repaying, the more interest will be generated, and the amount of repayment will be more and more, and the repayment pressure will become greater and greater. Therefore, it is best for customers to pay off the balance as soon as possible after their credit card or loan is overdue. Even if the debt becomes a bad debt, as long as you have extra money in hand, you must pay off the bad debt in a timely manner.

Having bad debt records in your personal credit report will not only affect the cardholder’s future loan applications, but also affect the cardholder’s normal life. Therefore, cardholders must repay on time when using a credit card. If they encounter temporary financial difficulties and are unable to repay, they can negotiate a mutually acceptable repayment plan with the bank, or they can borrow money from relatives to repay the debt.