Legal subjectivity:

The credit card has become a bad debt, which means that the cardholder’s credit card has bills that have not been paid off for a long time. When the bank fails to collect the debt, it will default to the A bill cannot be recovered without giving up the right to recover it, so it is recorded as a bad debt. Regarding the question of what it means that a credit card has become a bad debt, the editor of the website will answer it in detail for you below. 1. What does it mean that a credit card has become a bad debt? A credit card has become a bad debt, which means that the cardholder's credit card has a bill that has not been paid off for a long time. When the bank fails to collect the bill, it defaults that the bill cannot be recovered but does not The right of recovery is waived, so it is recorded as bad debt. If there is a record of bad debts on the cardholder's credit report, it means that the cardholder has basically no access to other credit services of the bank. Among all bad credit records, bad debts are considered to be the most serious. If the cardholder does not deal with it, the bad debt record will follow the cardholder for a lifetime. It is recommended that the cardholder repay the principal and penalty interest as soon as possible. 2. Can I negotiate to repay the principal for credit card bad debts? For credit card bad debts, it is difficult to negotiate with the bank to repay only the principal, and banks generally will not agree easily. After all, credit card overdue penalty interest is calculated and charged daily at a daily interest rate of 0.5%. The interest rate is compliant and the fees are reasonable. Naturally, customers cannot fail to repay without any reason. Of course, if the negotiation cannot be achieved by just repaying the principal, the customer can try to apply for an interest suspension. If the application is successful, interest will no longer accrue on the outstanding balance (the previous interest has been recorded and still needs to be repaid); and the customer can try to apply for an extension of repayment. Time limit and installments to repay the debt. Everyone also needs to note that if the credit card is overdue for too long and the amount owed is relatively large, some banks may consider reducing or exempting interest and penalty interest as appropriate in order to collect the money as soon as possible. In addition, credit card bad debts are not necessarily caused by overdue debts, but may also be caused by overpayments. As for credit card bad debts caused by overpayments, customers only need to withdraw the overpayments as soon as possible, and then the credit card bad debts will naturally be eliminated. The above is the relevant content compiled by the editor. The credit card has become a bad debt, which means that the cardholder's credit card has a bill that has not been paid off for a long time. When the bank fails to collect the bill, it defaults to the fact that the bill cannot be recovered but does not give up. The right of recovery is therefore recorded as bad debt. If you have any other needs, please go online for one-to-one legal consultation.