Legal subjectivity:

How to handle credit card repayments depends on the individual or the bank. For individuals, there is no such thing as bad debt, they must be repaid. If they do not repay, the bank will sue, and the debt will be recovered through litigation. If it cannot be recovered, it will be treated as a bad debt. However, if you leave a bad record in the personal credit system, all banks will log into the system, and it will be basically impossible to apply for a loan in the future. For banks, when a bad debt is confirmed, the accountant will make an account and borrow: loan loss reserve; Loan: Overdue loan. To write off bad debts, you must obtain approval from your superiors before writing them off. Legal objectivity:

Article 57, paragraph 2, of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" When the card-issuing bank receives repayment from the cardholder, it shall pay various arrears to its credit card account in the following order Offset and repayment: If it is overdue for 1-90 days (inclusive), it will be offset in the order of interest receivable or various expenses first, and then the principal; if it is overdue for more than 91 days, it will be offset first, then the interest receivable or each other. The expenses will be reimbursed in the order in which they are charged.