If a mortgage loan is overdue for 7 days, your credit report will generally be reported. Generally, banks do not have a grace period for home loans. A few banks have a grace period of about three days. Therefore, if the loan is overdue for 7 days, your credit report will basically be reported. If you are overdue for 7 days, you will be subject to a credit report, but this is only a short-term record, so it will not have a big impact on the overall credit report. As long as the lender maintains normal repayments and does not become overdue, it will not have an impact on other business transactions in the future. .

What other behaviors affect personal credit reporting

1. Overdue credit cards

Nowadays it is very convenient for everyone to apply for a credit card, so people who have credit cards now There are a lot of them, but everyone must repay on time after using a credit card, otherwise it will cause overdue situations. Once the credit card is overdue, it will affect the personal credit report, so everyone should pay attention when using credit cards. Generally speaking, Overdue credit card payments three times in a row or a total of six times within two years, or failure to repay overdrafts will affect your personal credit report.

2. Too many credit inquiries

If you need to go to the bank to apply for a loan to buy a house, then everyone will definitely check their credit information before applying for a loan, and some People make inquiries more than once, but checking credit record records too many times will also affect personal credit records. Because the number of inquiries, which banks make the inquiries, and the purpose of the inquiries, etc., all objectively reflect the customer's credit level. If there is only one loan under your name, but your credit is inquired by multiple banks, then the bank has reason to doubt your ability to repay the loan. Not good and considered a risky customer.

3. Excessive debt

Nowadays, there are many channels for people to apply for loans, so some people will apply for loans outside the bank, but if you want to apply for Mortgage loans must still only be obtained through banks. When approving a home buyer's loan, a general bank will also examine the home buyer's repayment ability and debt situation, so banks can also check your loan records elsewhere. If the bank finds that the debt ratio is too high, If it is high and reaches more than 70% of personal income, banks will question its repayment ability and it will be difficult to apply for a loan.

Can the credit report be repaired?

The credit report cannot be repaired. Everyone’s credit report is pushed to the People’s Bank of China’s Credit Information Center for recording by big data. It cannot be manually modified. Modified. Even relevant personnel working in banks cannot view or modify personal credit records without authorization. If the credit report is overdue for any reason, it is unreliable no matter what method you use to repair the credit report. The only thing you can do is to pay off the debt and wait for 5 years before the credit report is overdue. Letter updated.