The payment has been written off and there is no need to pay it back.

It has been written off and used back.

First, in fact, credit card write-off and credit card cancellation are two completely different concepts. Let’s briefly explain: If the cardholder no longer wants to use the credit card and actively proposes to cancel, it is usually called cancellation. Write-off is when the bank cancels the cardholder's qualification based on the cardholder's bad record.

Second, everyone is familiar with credit card cancellation. The process of credit card cancellation is also very simple. There are two main ways. One is to cancel by phone. You can directly call the bank customer service. After the bank receives the call, The user's application for cancellation of the credit card will be accepted, and after deducting the annual fees payable for all cards under the account, the account balance is zero or the customer has explicitly given up the remaining deposits in the account. Or you can go to the counter of a bank branch to apply for it yourself. You need to bring your ID card and the credit card to be canceled, and then fill out a card cancellation application form. The card may be collected first, and the corresponding card cancellation procedures will be done one month later, but after canceling the card, You can also directly make an appointment to cancel the account on the same day. There are a few points to note. First, there must be no balance or debt before canceling the credit card. Second, the credit card cannot be used during the cancellation period, otherwise the card cancellation application will be automatically cancelled. After canceling the card, the card should be properly disposed of and the magnetic strip should be cut before throwing it away to prevent it from being stolen.

Third, credit card write-off is relatively unfamiliar to everyone, because credit card write-off is a bank behavior and is generally used by banks to deal with non-performing assets. The credit card will be written off, but the money owed will not be written off, so it does not mean that you no longer owe the bank money. After write-off, you still have to fulfill your repayment obligations. If you don't repay for a long time, your credit record will still be recorded. So if your credit card is written off by the bank, don’t take chances and think that you don’t have to pay back the money you owe the bank! The advice given by the editor is to contact the bank as soon as possible to pay off all outstanding balances on this card and pay all fees. On the credit report, bad records can be automatically cleared five years after the debt is paid off. If the debt is not paid off, the bank can retroactively increase the non-recording period to five years after five years. If the circumstances are particularly serious, the bank can retroactively preserve the funds forever. However, under normal circumstances, if the cardholder's balance is not paid off, the card issuer will not cancel the credit card. So you don’t have to worry, as long as you use your credit card normally and repay it on time, you won’t have this problem.