How to deal with too many credit inquiry records? Is there any impact?

If there are too many query records on the personal credit report, it is recommended that the customer temporarily refrain from applying for new credit products for at least three months.

After three months have passed, the situation of "flower" in credit report should be improved.

Everyone also needs to note that if the debt becomes high due to frequent borrowing, the customer can also try to pay it off within three months of not applying for new credit products, or pay back as much as possible to reduce personal debt. Rate. In this way, it should be smoother to apply for credit business later.

Clients are careful not to apply for credit cards and loans in the next few months.

New records on the credit report will gradually overwrite the old records, so as long as the customer does not apply for credit business for a period of time, after these few months have passed (it is best to keep it for 6 months), The credit report will show a new status, and then there will not be so many inquiry records in the name of "loan approval" and "credit card approval". The situation of excessive credit reporting due to too many "hard" inquiry records can also be improved.

Of course, everyone should be careful not to borrow frequently. Otherwise, after the long-term loan situation is recorded in the credit report, and then you apply for a credit card or loan, the bank (lending institution, platform) is likely to worry about the customer's insufficient repayment ability because the personal debt ratio reflected in the customer's credit report is too high. If your economic life is unstable, you are likely to be refused credit card or loan approval. How to eliminate too many small loans in your credit report

There are too many small loans in your credit report that cannot be eliminated. The reason why personal credit reports have become reference materials for financial institutions is that personal credit reports are objective and cannot be modified manually. The query records of small loans cannot be eliminated, and the usage records of small loans cannot be eliminated. Only the overdue records of small loans can be eliminated.

According to Article 16 of the "Credit Reporting Industry Management Regulations": the credit reporting agency's retention period for personal bad information is 5 years from the date of termination of the bad behavior or event; if it exceeds 5 years, should be deleted.

If the following situations occur, you can raise objections and request corrections to the Credit Reference Center of the People's Bank of China:

1. The information you filled in is incorrect.

2. The account manager or small loan input operation is incorrect.

3. The lending institution’s data processing is incorrect.

4. The Credit Information Center of the People's Bank of China integrated the data incorrectly.

Except for the above circumstances, the borrower cannot raise objections and request corrections to the Credit Reference Center of the People's Bank of China. The use record of small loans belongs to the borrower's credit wealth, and banks will not deliberately distinguish whether the borrower uses a small loan or a bank loan.

As long as the borrower maintains good repayment habits when using small loans, repays on time and does not overdue, it will not affect the borrower's use of bank loans. When banks apply for loans and credit cards for borrowers, they generally only look at inquiry records within two years. What to do if you apply for too many loans and check your credit report too many times

1. Positive answer

If you apply for an online loan and check your personal credit report too many times, you can use the following methods to recover.

2. Specific analysis

1. Do not handle credit business.

Users need not to handle any credit business for 6 months or more. In this way, when financial institutions inquire about the user's inquiry records in the past six months, the previous inquiry records will not affect the audit results.

Of course, if a financial institution inquires about the user's inquiry records for more than 6 months, then the user needs to stay away from any credit business for more than 6 months.

2. Return the debt on time.

There are already a lot of debts under the user's name, and these debts need to be repaid on time, so that a good credit record can be accumulated.

A good credit record can help users improve their personal comprehensive credit score. After the personal comprehensive credit score is improved, the probability of passing the review can be increased.

At this time, even if the user's personal credit report is in a state of corruption, it is possible to pass the loan review because of the high personal comprehensive credit score.

3. Organize small loans.

If there are more small loans under the user's name, the small loans can be organized.

Replace small loans with large loans and short-term loans with long-term loans, so that the number of loans can be reduced.

After the number of loans is reduced, personal credit will be restored as soon as possible.

Even if the number of personal credit inquiries is high but the application conditions of financial institutions are met, the user still has a certain probability of passing the review.

4. Use credit cards rationally.

Users need to use credit cards rationally and try not to overspend and withdraw cash frequently. The above two behaviors will cause financial institutions to think that the user's economic status is poor.

5. Do not check credit information frequently.

If the user checks his or her own credit or is checked by a financial institution when checking the loan limit, the number of credit inquiries will increase.

In daily life, if users do not need to borrow money, please do not click on the option to check the loan limit at will.

When checking your credit yourself, two checks within a year are usually enough.

6. Reduce personal debt ratio.

Users apply for more online loans, which will lead to a large amount of debt in their personal names.

When there is a large amount of debt under one's name, the user's personal debt ratio will be increased. When the debt ratio exceeds 50, the user's repayment ability will be affected.

If the repayment ability is insufficient, the user will not be able to pass the loan review.

After reducing the debt ratio, the user's repayment ability will return to normal.

At the same time, personal credit is not affected by high debt ratios.

Online loan big data can clearly reflect users’ recent applications for online loans, whether online loans are repaid on time, whether identity information is suspected, etc.; you can search for "Beijian Quick Check", etc. Check with a credit inquiry tool and get a detailed risk report.

3. What are the requirements for a personal credit loan of RMB 100,000?

The main conditions that need to be met for a personal credit loan of RMB 100,000 are as follows.

1. The applicant must be over 18 years old (inclusive) and have full capacity for civil conduct.

2. The personal credit is good, and there are no bad records or serious negative information in the credit report.

3. Have a stable and legal source of economic income and the ability to repay the principal and interest of the loan on time.

And everyone needs to pay attention.

1. The characteristic of a credit loan is that the applicant does not need to provide any mortgage or guarantee. He or she can obtain a loan based solely on his or her own credit standing, and uses personal credit as a guarantee for repayment.

Precisely because it is a type of loan issued purely based on creditworthiness, generally the better the credit of the applicant, the greater the chance of obtaining a higher loan amount.

2. The bank stipulates that the starting amount of a personal credit loan is 10,000, and the maximum cannot exceed 1 million.

In fact, if you apply for a credit loan and the loan is less than 100,000, you can apply for a mortgage loan if you have assets in your name. The amount you can get for a mortgage loan is often higher than that for a credit loan, or you can also apply for a secured loan. . What should I do if I have 11 credit citations for loan approval in a year?

When applying for a loan, personal credit citation is a very important loan application information. If the borrower's credit report is not good, whether it is a bank or other small loan platform, the loan will be directly rejected. Even if your credit report is not overdue, applying for too many loans is considered bad credit. How to eliminate too many credit loan approval records? There are only two ways.

How to eliminate too many credit loan approval records?

Normally speaking, if you apply for three loans within a month, or apply for five loans within three months, because the application time is too concentrated, the number of credit inquiries from different institutions will be too frequent. There is a possibility that the loan will be rejected.

1. Wait patiently

There are too many credit loan approval records. If you want to eliminate them, the borrower can choose to wait patiently for about two years.

Because most financial loans focus on the borrower’s loan application records within two years when approving loan applications. After the borrower stops applying for a loan, remember to repay the loan on time and cover those loan application records with a good repayment record. It lasts for about 1-2 years and will have little impact on future loan applications.

2. Apply for manual elimination

The manual elimination here refers to a special situation where you can apply for manual elimination. That is, the borrower's credit record was not applied for by himself, but by someone else after his personal identity information was stolen.

In such special circumstances, the borrower can first go to the public security bureau to register and then present relevant certificates. Finally, bring the relevant certificates to the People's Bank of China Credit Information Center to correct these credit application records. If there are overdue loans, they can be eliminated as well.

Except for these two methods, there is no way to eliminate credit loan approval records. After all, current credit reports are basically controlled by big data and machines, and there is no way for manual intervention.

If you are really in a hurry for a loan and can’t wait that long, you can choose a loan platform that you have regular business with and reduce your debt as much as possible to release your repayment ability. Then the credit bureau may also approve the loan. Yes, the details are subject to the approval results.

Can the credit report detect all loans?

In fact, the credit report cannot find out all the loans applied for by the borrower.

When a borrower applies for a loan at a financial institution, if the financial institution does not cooperate with the central bank's credit reporting center, the financial institution will not be able to check the borrower's credit status. Loan and repayment records will not be displayed in the credit report.

The borrower can determine whether he or she has authorized the credit report when applying for a loan. If authorization is not required, there is a high probability that the loan will not be approved by the credit report. The obvious characteristics of this type of informal loan are low loan amounts, short loan application cycles, and high loan interest rates. Borrowers are not recommended to apply.

The above is what Xicaijun shared about "How to eliminate too many credit loan approval records". I hope it can help everyone!