BYD Finance is a financial service company under BYD Group, which mainly provides services such as car financing lease and loan. If BYD Finance tells you that your financial resources are insufficient, it may mean that the loan amount of the car financing lease or loan you applied for exceeds your repayment ability or credit rating. This is also a result of financial companies' risk assessment of customers.

Generally speaking, financial companies will evaluate customers' loan ability according to their personal credit status, repayment ability, assets and liabilities and other factors. If your income, credit status, debt status and other aspects can't meet the requirements of the finance company, you may be considered as having insufficient financial resources and unable to obtain the required financing or loans.

I suggest you contact BYD Finance to find out the specific loan approval results and reasons. At the same time, it can actively improve personal credit status and repayment ability, such as increasing income, improving credit rating, reducing debt ratio, etc., and improving the possibility of obtaining loans.

2. Can BYD's financial liabilities of 654.38+0.5 million yuan be used to buy a car?

BYD's financial liabilities of 654.38+05 million yuan can be obtained through car loans, and the passing rate of BYD's financial loans is about 95%. The debt of 65,438+050,000 yuan shows that users have more income, higher consumption and stronger repayment ability. For Lydia financial lending institutions, users' repayment ability is stronger, and there is no overdue repayment, so BYD's financial loans can pass easily.

Third, the credit debt is high. Can I buy a car with an auto finance mortgage?

You can't apply for a car loan because you have no bad credit record. Therefore, if the credit record is not good, you can also apply for a car loan.

Individuals with bad credit records can also apply for automobile mortgage if their credit records are not serious. Because as long as it is not a bad credit record caused by malicious overdue, you can still apply for a car loan.

Applying for a car loan in an auto financing company mainly pays attention to the repayment ability and income of the applicant, and does not require high personal credit records.

I suggest you consult the local auto financing company in advance before taking out a loan to buy a car.

Personal credit information system, also called consumer credit information system, mainly provides personal credit analysis products for consumer credit institutions.

With the improvement of customers' requirements, the data of personal credit information system is no longer limited to the traditional operation fields such as credit records, and attention is gradually turned to the business field of providing comprehensive social data services.

Personal credit information system contains extensive and accurate consumer information, which can solve the restriction of insufficient customer information on enterprise marketing and help enterprises reach the target customers in the most effective and economical way, so it has high market value, and its application has also expanded to the direct selling and retail fields.

4. Can BYD's financial liabilities of 654.38+0.5 million yuan be used to buy a car?

The financial liabilities of BYD auto loan10.5 million are about 95%. The liabilities of10.5 million indicate that users have high income, high consumption and strong repayment ability, and there is no overdue repayment, so BYD's financial loan is easy to pass.