You can, but it’s more difficult because banks generally won’t agree. After a bad debt occurs on a credit card, interest will be charged every day based on 10,000 percent of the penalty interest rate. The interest rate is legal and reasonable. The bank will definitely not easily agree to reduce such a large amount of overdue penalty interest. If the negotiation for principal repayment is unsuccessful, the user can apply for a suspension of interest and account suspension. After the application is successful, no penalty interest will be calculated later, but the interest accrued before the application still needs to be repaid

1. Different ways of forming bad debts lead to different ways of handling them

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

Second point: Annual fee bad debts. For credit card bad debts caused by arrears of annual fees, it is recommended that users repay in time. After repayment, if the card is no longer used, the account can be canceled, and the credit card bad debts will become Overdue records. It should be noted that some credit cards will incur annual fees even if they are not used after activation, so cardholders should pay attention after applying for the card to avoid unnecessary debts that lead to overdue bad records.

The third point: overpayment of bad debts. The method of dealing with overpayment of bad debts is very simple. You only need to withdraw the overpayment. After taking it out, you can cancel the credit card and other related accounts. Finally, you can also ask the bank to cancel the bad debt record on your credit report.

Suggestion: In summary, after the credit card bad debts are dealt with, it is recommended that the cardholder check his credit report one month later to confirm whether the bad debts have been eliminated.

2. The impact of bad credit debts

Compared with overdue repayment, bad credit debts are a more serious overdue situation. If the words "bad debt" appear in your credit report, then you will be insulated from the bank, and you will not be able to get approval whether you apply for a credit card or a loan. If left unaddressed, bad debts will remain on your credit report and follow you throughout your life. Even if the credit cleanup period of 5 years has passed, it will not be eliminated.