What are the reasons for bad credit cards?
1 Credit card is overdue for a long time.
If the credit card is overdue 18 1 day, and it is invalid after six effective collections by the bank, or the cardholder has been unable to contact after the overdue period, then the bank will record the debt as bad debt and report it to the central bank for credit investigation, and the bad debt will be displayed on the overdue record.
2 the credit card is overdue.
Here refers to the overpayment, mainly credit card refund and overpayment, resulting in the balance exceeding the credit card limit, which has not been handled for a long time, and the cardholder has not used the credit card to spend any more, which will also form bad debts.
After finding the reason, we can deal with different bad debts:
1. If it is a bad debt caused by overdue, all the debts must be paid off first, but paying off the debts does not mean that the credit investigation can be resumed. You have to contact the bank to handle it. After all, if the bank does not handle it, the bad debt will always exist, and after the bank handles it, the bad debt status will become overdue and will be eliminated after five years.
2. If it's bad debts caused by excessive repayment of credit cards, this will be easy to handle. You can withdraw the money directly and then contact the bank to handle it in time. Banks will report credit information to the central bank. After the credit information is updated, your credit card status will be displayed as normal.