; ? It is very simple to apply for a loan now. You only need to submit the application materials online, on your mobile phone and at the outlets, and you will get the loan soon. The process is much simpler. After the loan is released, it can be repaid according to the contract, so will it affect the credit investigation? Let's talk about this together.
First, as long as the repayment is made on time, won't it affect the credit investigation?
Not in principle. Because timely repayment means that there will be no overdue or default, then there will be no serious impact.
After all, the first thing banks look at when reviewing credit information is overdue records. As long as it is not overdue, everything is easy to say.
Second, the factors affecting credit reporting
1, overdue record
As mentioned above, overdue records have a great influence on credit investigation. Whether it is credit card repayment or loan repayment, if it is often overdue or overdue for more than one month or two months, it will be difficult to obtain new loans in the future. Even if it is paid off, it will take five years to repair it.
2. Number of queries
More and more banks began to ask about the number of inquiries. If there are many inquiries in a short period of time, it means that borrowers frequently apply for loans and cards, which may be because of their poor financial situation.
3. Debt ratio
Credit information can also reflect a certain degree of debt. Such as outstanding loans, credit card overdrafts, guarantee records, etc. Accounting for more than half of the income means that the debt ratio is too high, which will affect the credit investigation.
4, open * * * records
Some cities will record the arrears of public utilities in personal credit information, and long-term arrears of water, electricity and telephone charges will also affect credit information.
In short, there are too many contents of credit feedback, and overdue records are only part of it. It is right for everyone to repay on time, and other aspects need attention.
Will the delay in repayment of small loans affect the credit of loans? Only these situations will affect.
; ? There are many small loan products on the market. For the loan products owned by the licensee, it is necessary to check the credit information when applying, and the repayment situation will also be reported. Many people are worried. After all, people's credit information is very important nowadays. Will the delay in repayment of small loans affect the credit of loans? Let's get to know each other.
Will the delay in repayment of small loans affect the credit of loans?
Repaying small loans on time will generally not affect the loan credit, because good lending behavior shows that borrowers have good personal credit, relatively stable income, can repay the principal and interest on time, are willing to repay, and do not maliciously default on loans.
Lending institutions can quickly analyze the risk level of such borrowers from their loan records, because loans overdue is less risky and lending institutions are more willing to issue loans.
However, there will be some cases, even if the repayment is made on time, it will have a certain impact on the application for loans:
1, many loan approval records.
If the borrower frequently borrows small loans, there will be a lot of inquiry records about loan approval in the borrower's credit information. Too many records of these inquiries will make lending institutions feel that borrowers are short of money, have been relying on loans to make a living, their income may not be high, or they have other survival pressures and are unwilling to lend.
There are still many outstanding small loans.
If there are many outstanding small loans in the credit report, even if the borrower has been repaying on time and wants to apply for a loan again, the lending institution will find that the borrower has a lot of debts and his repayment ability is discounted. If he borrows again, the risk of overdue is greater than that of ordinary people, and it is more difficult to apply for a loan successfully.
The above is "will the loan credit be affected if the repayment of small loans is not timely?" Normal repayment, no overdue records, low debt ratio, will not affect the credit of loans, and it is not difficult to apply for loans.
Will microfinance affect credit reporting?
Whether microfinance affects credit reporting depends mainly on who is the lender of the loan. If it is a loan from a bank or a licensed financial company, it will be reported to the credit bureau, which will naturally affect the user's credit bureau.
1. The user applied for a small loan. If each installment is repaid on time, the record of small loans will not affect personal credit information. On the contrary, the loan records of small loans will become part of personal credit information. However, small loans with overdue records of credit information will lead to poor personal credit information. Records of financial institutions approving small loans. As long as there is no small loans overdue record, subsequent users can handle credit business normally.
2. In addition, the loan amount of microfinance is usually not high. As long as you don't apply for multiple small loans, the impact of this debt on personal debt ratio is limited. If it is a small loan company without a docking credit information system, it will not affect the credit information.
1. When applying for a bank loan, the bank will inquire about the borrower's credit information, not only the credit records, but also the inquiry records. Among them, the inquiry record will show the institution, time and inquiry reason of credit investigation in recent 2 years. However, microfinance will be recorded in the inquiry record, and the bank can check the credit. The inquiry record of credit information can be divided into soft inquiry and hard inquiry, in which the credit information of microfinance is inquired by the reasons for loan approval, and the loan approval record is left in the inquiry record. Credit card approval and guarantee qualification examination are both hard inquiries, which have an impact on applying for bank loans.
2. Because too many times of hard inquiry records will make borrowers spend their credit information, credit users will make banks think that such borrowers are short of funds, have no economic strength, and even have the suspicion of supporting loans with loans, and the loan risk is relatively large, so banks will not lend easily, and many people will be refused loans. Therefore, borrowers should try not to apply for small loans six months before applying for bank loans. If too many micro-loan applications turn the credit record into a flower, it is impossible to delete the credit record manually. It is best to improve the credit for a period of time, so that the influence of credit spending will gradually weaken over time, and then apply for a bank loan.
Will handling small loans in online lending companies affect my credit information?
Applying for online loans will affect personal credit information, which is mainly reflected in the number of inquiries made by online loan companies about your credit information and the number of applications you have made. Next, I will explain it to you from the following points:
First, applying for this kind of loan will affect your loan in the bank.
Online lending is a loan product of small loan companies, and banks are very resistant to such loans. As long as you have applied for a similar online loan, the bank will think that your personal qualifications are poor. When you go to the bank to apply for a large loan such as a mortgage, most of them will refuse your loan request. Therefore, if you need a lot of money in the future, it is not recommended that you apply for such loans.
Second, the interest rate for applying for such loans is higher.
Compared with similar products of banks, the interest rate of such online loans is generally higher than that of similar credit loans of banks. If it is not very short of funds, it is not recommended to apply.
Third, there are limited repayment options for applying for such loans.
This kind of credit loan provided by ordinary banks can choose to repay the interest first and then the principal at one time, which is also friendly to the applicants. After all, the monthly repayment amount is not large, but the online loan is different. Generally, you can only choose equal principal and interest, and you must repay the principal and interest in each period. The converted interest rate is much higher than the marked interest rate. If you have a small cash flow and a large loan amount, the repayment pressure is also great.
Fourth, the amount of such loans is low.
The amount of such online loans is generally low, unless you are on his white list, which is generally aimed at middle-level personnel of governments, enterprises and institutions with stable work income or above the provincial and municipal level. People who have such jobs will not apply for online loans, so except for these occupations, most of the quotas are relatively low.
Generally speaking, don't apply for this kind of online loan unless you have to. Priority is given to similar products of our bank. If your qualifications can't meet the bank's access requirements, you should also give priority to temporary borrowing from friends and relatives. Finally, consider the above four points, and then choose online lending. After all, every application will be reported to the People's Bank of China, and it is always bad to have such online loan records for credit investigation.