Buzzing about testing for bad debt

The story of a customer in the North who had a credit card debt of 8.5 million VND from a bank after 11 years became 8.8 billion VND, making many people who registered or used credit cards worried because they did not know if they had bad debt, especially among women working in companies. So they invited each other to test for bad debt...

Don't be passive

Some time ago, in Bac Binh district, dozens of people got into bad debt because of credit cards and purchases without knowing it. The incident of knowing about bad debt was when they went to bank A to borrow money and had their CIC checked, then they realized. At that time, the head of the credit department of bank A called to tell me about this unusual incident. He said: Many farming households, when listening to employees of bank O and M advising them about the benefits of making a credit card, were vague and did not clearly state the responsibility for paying fees and interest rates, so many people mistakenly registered for a credit card. However, when they learned about the fees and interest rates of credit cards, which were many times higher than the interest rates of loans at state banks, many people… did not receive the cards, even though the cards had been sent by post. Even though they did not receive the cards, these households did not request to cancel the cards, so after a few years, the card fees were automatically deducted from the money in the card and the cardholder had to bear overdue debt without knowing it because they did not understand the regulations of the card-issuing bank.

From another perspective, many people "get into trouble" when buying goods on installments. For most financial companies, if the payment is delayed for a few days, the customer will have to pay overdue debt. Ms. Nguyen Thi Binh, in Cho Lau town, said: I often buy goods on installments, from TVs, refrigerators to motorbikes because of the convenience of having time to save money to pay in installments. However, once I went on a long business trip and forgot to pay for only 3 days in a row, falling into overdue debt. When my family needed to borrow a large sum of money from the bank, the bank staff looked it up on CIC and found out that my credit history was a bit... bad. Therefore, when making a card or buying goods on installments, customers should take the initiative in the time and amount of money to deposit or pay on time, avoiding the passive situation of making their credit history bad...

Beware of being scammed

After the credit card debt of 8.5 million VND of a bank after 11 years became 8.8 billion VND, a series of people who registered or used credit cards, bought goods on installments, including those who were only related to ATM overdraft cards, were very worried, so they rushed to get tested for bad debt. Compared to financial companies, if payment is only 1-2 days late, it will be considered overdue debt. As for banks, especially banks with State elements such as Agribank, when loyal customers borrow capital, the payment deadline will be notified by staff very politely in advance, in the process of paying principal and interest, if it is delayed by a few days or a little longer than the regulations, but there is a legitimate reason, Agribank will still "leniently" not include it in overdue debt. Back to the story of going to test for bad debt, Ms. Nguyen Thuy Chi, who is working for a garment company in Phan Thiet Industrial Park, said: The sisters in the company have applied for credit cards at M. and O. Bank. When they heard about the 8.5 million VND becoming 8.8 billion VND, they were... extremely worried. Every day, they "whispered" and discussed whether they had bad debt or not. So, taking advantage of the day off, the sisters went to the bank to check for bad debt to be safe.

Mr. Thanh, who works at a construction company, said: In my company, many people have credit cards to conveniently use money when they are away from home often. However, when the 8.5 million VND incident happened, everyone was worried. Then, they saw on social networking sites advertisements for bad debt checking support, which only cost 200,000 - 300,000 VND and would have detailed debt history, so they signed up. Unexpectedly, when they transferred money to ask for help, it blocked all communication information. A woman in the company, when asked about the Mobibanking login password and OTP authentication code, frantically ran to ask her colleagues and was advised to stop in time, otherwise she would be tricked into withdrawing money from her account. According to a bank manager in charge of credit, you should not give personal information to strangers asking to check your credit history, because this is a trap set by scammers in cyberspace. To check credit history, there are 3 safe ways to check according to the correct procedure: check via the CIC website, look up bad debt via aap CIC on the phone and go directly to the bank to ask the staff to check...

How to look up bad debt online via CIC app on phone
Register an account > Enter the OTP code to confirm. After successfully installing and registering an account, you can check your bad debt by following these steps: Step 1: Select "Report mining" to start checking debt on CIC. Step 2: Authenticate the report mining using one of the following methods: password/Fingerprint/Face ID. Step 3: Select "Report mining". Step 4: Enter the OTP verification code. Step 5: Go to "View report" to see the bad debt results. In the credit report, users need to pay attention to the "Risk level" section to compare information to see if they have been recorded as bad debt or not...

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