Although everyone knows the truth, in real life, many people know that banks will check personal credit reports when applying for bank loans, but few people know what they know. Then, when applying for a bank loan, what is the main content of credit investigation?
1. Is there a record of non-performing loans?
As we all know, people with bad loan records can't apply for bank loans, and bad loan records are recorded in personal credit report. When a bank inquires about a personal credit report, the first thing to check is whether you have a record of non-performing loans, such as overdue and bad debts. If so, your loan application will be rejected by the bank.
So don't be overdue, whether it's a credit card or a personal loan, you must repay it on time and in quantity on the repayment date, and don't take any chances.
Second, the loan record
In addition to checking whether you have any non-performing loan records such as overdue and bad debts, the bank will also check your normal loan records, mainly to assess your repayment ability.
If your loan frequency is too frequent, or the remaining outstanding loan amount is too large, the bank will think that you have a serious financial crisis and there is a great possibility that you can't pay back the money, thus rejecting your loan application.
Third, social credit records.
As we all know, the content of personal credit report is not only loan information, but also social credit life. Therefore, when applying for a loan, the bank's credit information also includes inquiring about the borrower's social credit life, which mainly includes some payment and punishment records in life.
For example, if you often default on utilities, the social credit part of your personal credit report will record your default on utilities and keep it for five years. In the meantime, your loan application is likely to be rejected by the bank.
Four, personal credit report query records
Many people have this question. Does the number of inquiries affect the personal credit report? Of course, the answer is yes. If you query yourself, no matter how many times you query, there will be no negative impact. However, if the personal credit report is frequently inquired by the lending institution, the bank will think that the borrower's financial crisis is serious and it is not suitable for lending.
Xiao Jinrong Bian Xiao reminded that in today's credit era, the importance of personal credit investigation is self-evident. People without credit can not only apply for bank loans, but also encounter difficulties in other fields, so be sure to safeguard their personal credit information. Bad credit reporting is best not done.