Under normal circumstances, as long as the lender has a strong willingness to repay and will repay part of the loan every month, the bank will not classify its arrears as bad debts.
If the user's personal credit report has a record of bad debts, it is almost impossible for the user to apply for loans in major banks and other financial companies. If the user is sued by the bank, he may become a faithless person. In addition to a series of high-consumption activities such as not flying and not going to bars, his personal account will also be frozen.
If there is a bad debt record on the user's personal credit report, the user's car loan will still pass. It is very likely that the bad debts of this user have been paid off, but the bad debt record has not been automatically cleared before the time. After the user pays off the bad debts, the bad debt records will be kept in the credit report for five years, and will be automatically cleared after five years.
Generally speaking, it is almost difficult to apply for a loan if a user has a record of bad debts on his personal credit information and the bad debts have not been repaid clearly. If the user has paid off the bad debts and applied for a loan again after a long time, then the bad debt record does not have that great influence on the user's loan application.
Whether the bad debts have been settled can be loaned to buy a car depends on the decision of the lending bank, because paying off the bad debts will become overdue, which will have a certain impact on handling car loans. Lenders are advised to provide financial proof as much as possible, or to add * * * lenders to prove their repayment ability to the bank and improve the loan success rate.