Many people accidentally leave stains on their credit report without paying attention. Although it didn't have much impact on my life, once I wanted to buy a house one day and needed a bank loan, I was dumbfounded. No way, if your credit is not good, the bank has the right to reject you. How to get a loan to buy a house if you have bad credit? What should I do if I have bad credit?
Many people do not know how to manage their credit in the bank in normal times. Sometimes they may forget to pay back their credit cards because they are busy, so they accidentally leave a mark on their credit report. stain. Although it didn't have much impact on my life, once I wanted to buy a house one day and needed a bank loan, I was dumbfounded. No way, if your credit is not good, the bank has the right to reject you. How to get a loan to buy a house if you have bad credit? What should I do if I have bad credit?
How to get a loan to buy a house if you have bad credit?
1. First of all, we must make it clear that the reason why the bank grants you a loan is based on your credit. Once there is a problem with your credit report, the bank will question your repayment ability. At the same time, the bank will question your repayment ability. You will also bear certain risks, so banks will not allow loans if you currently have bad credit.
2. There are bank regulations that people who apply for a mortgage three times in a row or six times in total with credit cards within 2 years will be rejected. However, stricter banks will review credit records for more than 2 years, or stipulate that one time exceeds 90 days, you will lose your loan qualifications. Therefore, you can check your personal credit report before taking out a loan.
3. The People's Bank of China stipulates that all card-issuing banks must regularly upload customers' consumption and repayment records and cannot tamper with them. The bank will not make any negative comments on your usage records. It will only give you honest feedback on your historical usage records without any subjective judgment. When applying for a loan, the lending bank will comprehensively refer to your credit record, not just for a certain period of time.
4. Being able to maintain good consumption and repayment records will continuously increase your credit rating. Credit card repayment information will be recorded by the central bank's credit reporting system on a rolling basis for 24 months, which means that bad credit records caused by credit card repayments will be kept in the credit reporting system for two years. Therefore, if you have bad credit, you will have to refresh your record after at least two years before you have the opportunity to apply for a loan. Of course, some private loans and online lending institutions are another matter.
What should I do if my credit is bad?
1. If the number of times is small, the amount is small, and the repayment is made in full and on time, the bank will consider granting the loan as appropriate. If you are on the blacklist, you will not be able to deal with the bank. It must be settled for more than 1 year, or for more than 5 years, so that there will be no impact or a small impact. If necessary, you can explain the reasons to the bank, explain that the debt has been paid off, and ensure that repayments are completed in a timely manner in the future.
2. After a credit card repayment occurs, the record will roll over, so when the card is terminated, the corresponding record will no longer roll over, but will be saved for a long time. Do not cancel the credit card immediately after paying off the debt. Instead, you should insist on using the card for more than two years, and keep your credit in good condition during this period, so that you can remove bad records from the credit system by rolling the records.
3. The credit record shown on the credit report for the past two years is correct, but the prerequisite is that we can check the personal credit situation of the previous two years if there are no bad records. The regulations set the retention time limit for bad information to 5 years. Personal credit records in our country are managed by the People's Bank of China. According to current regulations, after all the money owed is paid off, the bad credit record will be kept for 5 years. , and then the bad credit record will be cancelled.
How is it? Do you think it’s time to take good care of your credit? It’s really troublesome once credit problems arise, so don’t ignore them. Let’s talk about how to get a loan to buy a house with bad credit and what to do if your credit is bad. In fact, the best way is to manage your credit well and prevent problems in the bud.