The ways to eliminate bad debts include: settling the debt, negotiating repayment with the card-issuing bank, applying to the bank to extend the repayment time, applying for card cancellation, applying for cancellation, etc.

1. Settlement of debts

The credit card is overdue and bad debts have been incurred. Then you should go to the bank to settle the debt, and then negotiate with the bank. After paying off the debt, you will enter the credit reporting system to eliminate bad records.

2. Negotiate repayment with the card-issuing bank

When the bank says it needs to repay, it usually requires a certain amount of interest to repay the bad debt. However, it is not ruled out that some banks can negotiate directly, so that the debt can be paid off smoothly. If the bad debt is caused by a third party, repayment can be negotiated.

3. Apply to the bank to extend the repayment period

If there is still a longer repayment period, you can apply to the bank to extend the repayment period. If there are sufficient reasons, generally The bank will approve it and then repay all the debts incurred after the application, so that the bad debts are eliminated.

If a credit card is overdue, the bank will only record it in the credit card personal credit system. If the payment is not repaid for a long time or there are other reasons that cause it to be overdue, it is impossible to eliminate it.

However, if the overdue amount is not large, the bank will generally grant a certain grace period and interest-free period, and the grace period and interest-free period can to a certain extent reduce the bad credit record caused by the overdue credit card. Therefore, if you want to completely eliminate bad credit history on credit cards, you must leave sufficient repayment records with the bank.

4. Apply to cancel the card

If the credit card has a bad debt due to various reasons, but the credit card center has not recognized it as a bad debt, then you can apply to the bank to cancel the credit card at this time.

This method is better, but it is not recommended. Because banks cannot guarantee that bad debts are caused by overdue debts that cannot be repaid.

5. Apply for cancellation

If it is overdue for more than one year and the account has been in a state of bad debts, you can apply for cancellation. If the bad debts have not been paid off at this time, no bad records will be left. There will also be a fee after cancellation. However, some banks do not support automatic settlement after loan or consumption. Therefore, debts can also be resolved through other means.