First look at what caused your bad debt!

Special Situation 1: Bad debts caused by "overpayment". For example, if you owe 8999 to a bank credit card and you repay 9000, if you pay an extra dollar and do not withdraw it for a long time, it will also cause bad debts. Treatment method: Withdraw the excess payment and cancel the account.

Special case 2: Bad debts caused by "card annual fees" are relatively simple to deal with. Just pay off the outstanding balance and close the account. Banks will generally actively deal with bad debts caused by these two situations.

General bad debt treatment: that is to say, after bad debts are generated due to arrears, the debts must be paid off in a timely manner (note that you cannot pay back a penny more), and the account must be closed. Be sure to cancel the account! ! ! If you don’t close the account, bad debts will still follow you, so this is different from the general method of handling overdue credit cards (generally, try not to close the account after the credit card expires, even if the card cannot be used). After closing the account, you will find Some banks will update you quickly and even classify your account into a non-overdue account, but some banks are very bad and still have bad debts even after canceling the account. After many negotiations on the handling method, it is impossible to object!

3 One thing that is more gratifying about bad debts is that there will no longer be additional interest and penalties on the arrears. That is to say, if you have a bad debt of 1,000, you only need to repay 1,000. New interest penalties have arisen.

That’s all I know about the handling of bad debts so far. Welcome all the experts to add to it