What is the impact of submitting a credit report?

If a user has a bad repayment record and is uploaded to the credit reporting system, it may have the following effects:

1. The credit loan business will be blocked. Leaving a bad repayment record on the credit report will affect the user's ability to apply for credit loans at other lending institutions in the future (such as home loans, car loans, credit cards (debit cards), etc.). Because now banks and genuine online loan platforms are connected to the central bank's credit reporting system, once overdue records are uploaded to the credit reporting system, other lending institutions can view it on the credit reporting report. Then the lending institution will see it when approving the loan. A user's overdue record may cast doubt on the user's credit status, thereby denying the user a loan.

2. Find a job. Nowadays, many employers also have requirements for the integrity of their employees. Especially good and genuine companies will investigate the personal background of employees when hiring them. If the company finds that there are many overdue credit reports on employees, it may refuse to hire the employee.

3. Daily life will be affected. Users with bad credit records will be restricted in daily travel and high consumption (for example, they cannot take flights, high-speed rail, stay in star-rated hotels, or high-consumption shopping, etc.).

4. Impact on the family. If one of the spouses has a bad credit report during the marriage, it will also affect the other spouse's inability to apply for a mortgage; in addition, it may also have a certain impact on the education of the children.

5. . . discount. Generally, people with bad loan records on their credit reports are not able to enjoy it. . . For preferential policies, the companies under its name cannot participate. . . bidding activities, which will inevitably cause losses to the company.

6. Restrict online shopping. Bad credit records may also be synchronized to Sesame Credit, restricting users from online shopping.

Of course, being listed on the credit report does not mean that there will be a stain on the credit report. Normal credit inquiry records will not have an impact on the user's credit report after being uploaded, and good loan records will be uploaded. After the credit investigation, not only will it not affect the user, but it can also accumulate personal credit for the user. What impact does credit reporting have on individuals?

Credit reporting has the following impacts on individuals:

1. It affects loans. If you have a bad credit reporting record, your loan limit at the bank will be reduced, or even If you can't get a loan, you can't even get a credit card;

2. It affects travel. If you have a bad credit record, past overdue repayments will be included in the credit system, and your personal travel will also be affected. . For example, being unable to take planes, trains, etc.;

3. It affects employment. The company will conduct background checks on employees before joining. If a bad credit record is found, it is very likely that they will not be able to join;

4. Impact on the family. In addition to having a bad credit record on yourself, it also has a certain impact on the family. For example, if one person in the couple has a bad credit record, then the other person wants a loan to buy a house. Buying a car will also be rejected.

Behaviors that affect personal credit reporting include:

1. Overdue credit card payments. Overdue credit card payments affect personal credit reporting. If the credit card is overdue multiple times or the amount of overdue repayment is large, or personal loans, student loans applied for during college, etc. are not paid off in time within the specified period, it will affect personal mortgage loans and car loans;

2. Default on bank loans. If a borrower who has successfully obtained a loan from the bank fails to repay the loan in full and on time as stipulated in the contract, it will leave a stain on his credit and it will be difficult to apply for a home purchase loan again;

3. Being a guarantor will cause stains on the credit report. If the home buyer provides a guarantee for a third party and the third party fails to repay the loan on time, it will also cause stains on the guarantor's credit report;

4. The debt is too high. When the bank approves the loan, it will also inspect the borrower's debt situation. If the personal debt ratio is high and reaches more than 70% of the personal income, the bank will question its repayment ability and it will be difficult to apply for the loan. ;

5. Default on water and electricity bills. If a person defaults on one or more of the water bills, electricity bills, and heating bills for a long time, a bad credit record will affect the loan.

Does credit reporting have any impact on a loan?

1. If you don’t pay back the loan, your credit report will be stained, so the purpose of checking the credit report is to allow you to repay the loan better. It will affect your ability to apply for a loan to buy a house, a car, and fly in the future.

2. A poor credit record is seen as a flaw in the eyes of bankers. Therefore, for your future borrowing convenience, please repay on time.

3. Too many loans on your credit report, especially small ones, will have a serious impact on future credit cards, mortgages, and other bank loans. This is very detrimental to your own development.

Credit reporting is the collection, sorting, preservation, and processing of credit information of natural persons, legal persons, and other organizations in accordance with the law, and provides external services such as credit reports, credit evaluations, and credit information consultation to help customers judge and control credit risks. , conduct credit management activities.

Credit reporting is an activity in which a professional, independent third-party agency establishes credit files for individuals or enterprises, collects and objectively records their credit information in accordance with the law, and provides credit information services to external parties in accordance with the law. Professional credit institutions provide a platform for sharing credit information.

Credit reporting records an individual’s past credit behavior, which will affect the individual’s future economic activities. These behaviors are reflected in the personal credit report, which is often referred to as the “credit record.” What are the consequences of applying for a credit report?

The consequences of applying for a credit report are:

1. The credit record of applying for a credit report may affect other financial services in the future, such as car loans and home loans. , apply for a credit card, etc.

2. Credit record will have a certain impact on your job. Some jobs will refuse to recruit people with poor credit.

3. A bad credit record will have an impact on your life, making it impossible to take planes, trains or engage in other high-consumption activities.

Extended information

The credit information of personal credit report is as follows:

1. Basic personal information used to identify personal identity and reflect personal family, occupation, etc. information.

2. Personal credit information formed by credit relationships between individuals and financial institutions or housing provident fund management centers and other institutions.

3. Personal credit purchase and payment information resulting from credit purchase relationships between individuals and commercial institutions and public utility service agencies.

4. Public record information related to personal credit formed by administrative agencies, administrative executive agencies, and judicial agencies in the process of exercising their powers.

5. Other information related to personal credit.

There have been overdue repayments in the loan, or the credit card was overdrawn and the repayment was not made according to the agreed time limit and repayment amount, or there were too many loan accounts and credit cards, etc.

Baidu Encyclopedia-Credit Report

Baidu Encyclopedia-Personal Credit Report