The credit card debt has been converted into bad debt.

The "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" have corresponding provisions:

Article 95: Card-issuing banks shall strengthen the identification and write-off management of credit card risk assets, and promptly Confirm and cancel. The basis, scope of determination, write-off conditions, etc. for credit card business shall comply with the regulations of relevant national departments.

Card-issuing banks should establish scientific and reasonable risk monitoring indicators and take corresponding risk control measures in a timely manner. Card-issuing banks should use measurement models to assist in credit card business risk management based on the development of credit card business.

Extended information:?

Relevant legal provisions of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks":?

Article 97 After the loan is overdue, the financial Within the effective recourse period determined by the enterprise, for loans with collateral (pledge) and guarantors, financial enterprises shall dispose of student loan collateral (pledge) in accordance with the law and pursue joint and several liabilities from the guarantor.

Loans that still cannot be recovered; for loans without collateral (pledge) and guarantors, loans that still cannot be recovered after financial companies pursue legal recourse. Financial enterprises should, based on the principle of seeking truth from facts, independently determine the effective recourse period and report it to the competent financial department for filing.

Article 98: Card-issuing banks shall strictly implement capital adequacy regulatory requirements, and apply a credit conversion factor of 50 and the corresponding risk weight determined based on the credit card transaction entity to unused credit card credit lines.

Baidu Encyclopedia - "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks"