Bad debt is a bad record formed when credit card or loan repayment is the most overdue, which is very unwilling to face for many people. So what should I do after the deadline? How to eliminate bad debts? Bad debt mainly refers to the situation that the overdue amount formed after overdue has exceeded the minimum repayment amount and has not been repaid for more than two years. Do you know how to deal with bad debts? 1, settle this debt.

First of all, your credit card is overdue, resulting in bad debts. Then you have to go to the bank to settle the arrears, then you negotiate with the bank to pay off the arrears, and then you will enter the credit information system to eliminate the bad records.

2. Negotiate repayment with the issuing bank.

When the bank tells you that you need to repay, you usually need to pay a certain amount of interest to repay the bad debt. However, it is not excluded that some banks can negotiate directly to let them pay off their debts smoothly. If the bad debts are caused by a third party, they can be repaid through negotiation.

3. Apply to the bank for an extension of repayment time, which can be extended for up to two years.

If you still have a long repayment period, you can apply to the bank for an extension of the repayment period. If the reason is sufficient, the general bank will approve it, and then all the debts incurred after your application will be repaid, so that the bad debts will be eliminated.

If the credit card is overdue, the bank will only record it in the personal credit information system of the credit card. If it is overdue for a long time or for other reasons, it cannot be eliminated. However, if the overdue amount is not large, the bank will generally give a certain grace period and interest-free period, which can reduce the bad credit record caused by our credit card overdue to some extent. Therefore, in order to completely eliminate the bad credit records of credit cards, we must leave enough repayment records for banks.

At present, credit reporting is a bad debt. How can we eliminate it?

1. General bad debts: overdue repayment.

For the bad debts caused by arrears, please pay off all the arrears in time, and of course, don't pay too much. You can go to the bank to apply for a non-malicious debt certificate, try to communicate with the bank whether you can delete the bad debt record, or wait until the credit record is turned over five years later, so that it will not affect future loans.

2. Overpayment of bad debts: overpayment at maturity.

Compared with general bad debts, overpaying bad debts is easier to deal with. Just take out the money and close the account, and then you can ask the bank to update the record.

According to Article 16 of the Regulations on the Administration of Credit Information Industry, the retention period of personal bad information by credit information agencies is 5 years from the date of termination of bad behavior or incident, and it will be deleted after more than 5 years.

The starting point of five years here is the day when the bad behavior or event ends, not the day when the bad behavior occurs. In other words, you have a loans overdue, and you can only delete it after five years, instead of automatically deleting it after five years from the overdue date.

Extended data

When the information in the personal credit report is wrong, there are two ways to deal with it: one is to bring the original and photocopy of valid identity documents and the personal credit report and file an objection application with the local branch of the People's Bank of China; Or directly contact the bank that handles banking business.

The Credit Information Center of China People's Bank and the bank handling the business will immediately check and correct the wrong information after receiving the objection application, and give a reply within 20 days.

In addition, in view of the rapid development of network communication and financial services, remote repayment can be made through Alipay, WeChat, mobile banking, online banking and other channels. At the same time, we should also remind everyone to keep a good personal credit report to prevent information from being leaked or used unreasonably by other institutions or individuals.

How to let banks eliminate bad credit records in advance after bad debts are paid off? Teach you how to operate by hand

Many people don't repay their credit cards on time, and the overdue time is long. Banks may deal with bad debts, but once there are bad debts on the credit report, it is impossible to handle any financial business without eliminating them. Many people will ask, how can banks eliminate bad credit records in advance after bad debts are paid off? Let's take a look at it today and see how to operate it.

How to let banks eliminate bad credit records in advance after bad debts are paid off?

Credit card arrears can not be recovered after repeated collection, and it has been in a sluggish state for a long time. Banks will identify long-term unpaid accounts as bad debts and report them to the credit information system. Bad debts are far more serious than general overdue. As long as bad debts appear in newspapers, no matter whether they are loans or credit cards, they will be rejected.

Paying off debts is the premise of eliminating bad debts, and overdue expenses incurred in addition to repayment of principal are also included. Note that bad debts will not be eliminated automatically after being paid off, and you need to contact the issuing bank for handling, otherwise you may find that bad debts still remain after checking the credit information.

Therefore, credit card holders will contact the bank after paying off bad debts and provide proof of repayment settlement. The bank will ask the cardholder to submit an objection application to the website of the Credit Information Center, and then the commercial bank will submit a corrected personal credit report and wait for the reply from the credit information department. If the credit department agrees, the bank will deal with bad debts within 20 days.

Pay attention to dealing with bad debts is not to directly eliminate bad credit, but to make bad debts overdue, and it will take another five years to truly restore credit. Although the overdue records are still there, as long as there are no bad debts, there is still a chance to apply for loans and credit cards, especially those who have maintained a good record for 24 months, and the pass rate will be higher.

The above is the introduction of "How to let banks eliminate bad credit records in advance after bad debts are paid off", hoping to help everyone.

Can credit card bad debts be eliminated?

Yes, but it's more difficult because banks generally don't agree. After the credit card generates bad debts, it will charge interest at a penalty interest rate of one ten thousandth every day. The interest rate is legal and reasonable, and banks will certainly not easily promise to reduce such a large overdue penalty interest. If only the negotiation of repayment principal fails, the user can apply for suspension of interest payment. After the application is successful, the penalty interest will not be calculated later, but the interest generated before the application still needs to be repaid.

First, bad debts are formed in different ways.

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

The second point: bad debts due to annual fees. For credit card bad debts caused by insufficient annual fee, users are advised to repay in time. After paying off, if the card is not used, it can be cancelled, and the bad debts of the credit card will become overdue records. It should be noted that some credit cards will generate an annual fee even if they are not used after activation, so it is best for cardholders to pay attention after handling the card to avoid unnecessary arrears leading to overdue bad records.

The third point: overpayment of bad debts. The treatment of overpayment of bad debts is simple. As long as you take out the overpaid money, you can cancel the credit card and other related accounts after you take it out. Finally, you can ask the bank to cancel the bad debt record on the credit report.

Suggestion: To sum up, after the bad debts of credit cards are handled, it is recommended that cardholders check their credit reports one month later to confirm whether the bad debts have been eliminated.

Second, the impact of bad credit.

Compared with overdue repayment, bad credit is a more serious overdue situation. If the word bad debt appears in your credit report, then you are isolated by the bank, and you can't pass the examination and approval whether you apply for a credit card or a loan. If you don't deal with it all the time, bad debts will always exist in the credit report and accompany you for life. Even after a five-year credit period, it will not be eliminated.