Yes, but it's more difficult because banks generally don't agree. After the credit card generates bad debts, it will charge interest at a penalty interest rate of one ten thousandth every day. The interest rate is legal and reasonable, and banks will certainly not easily promise to reduce such a large overdue penalty interest. If only the negotiation of repayment principal fails, the user can apply for suspension of interest payment. After the application is successful, the penalty interest will not be calculated later, but the interest generated before the application still needs to be repaid.

First, bad debts are formed in different ways.

The first point: overdue bad debts, the best and only way to deal with overdue bad debts is to pay off the debts as soon as possible. Remember not to cancel the card immediately after repayment, but continue to use the credit card. As we all know, the overdue record of credit card will exist for 5 years, but after using the card for 2 years, the old bad record can be overwritten by the new use record. General banks will also focus on the records of the last two years when checking credit information.

The second point: bad debts due to annual fees. For credit card bad debts caused by insufficient annual fee, users are advised to repay in time. After paying off, if the card is not used, it can be cancelled, and the bad debts of the credit card will become overdue records. It should be noted that some credit cards will generate an annual fee even if they are not used after activation, so it is best for cardholders to pay attention after handling the card to avoid unnecessary arrears leading to overdue bad records.

The third point: overpayment of bad debts. The treatment of overpayment of bad debts is simple. As long as you take out the overpaid money, you can cancel the credit card and other related accounts after you take it out. Finally, you can ask the bank to cancel the bad debt record on the credit report.

Suggestion: To sum up, after the bad debts of credit cards are handled, it is recommended that cardholders check their credit reports one month later to confirm whether the bad debts have been eliminated.

Second, the impact of bad credit.

Compared with overdue repayment, bad credit is a more serious overdue situation. If the word bad debt appears in your credit report, then you are isolated by the bank, and you can't pass the examination and approval whether you apply for a credit card or a loan. If you don't deal with it all the time, bad debts will always exist in the credit report and accompany you for life. Even after a five-year credit period, it will not be eliminated.