How is the loan reflected in the credit report? Presented both ways!

Most people know that loans and credit cards will leave records on the credit report. Any application, use, repayment, overdue, and settlement will leave information that can provide reference for subsequent credit agencies. , so how does the loan reflect on the credit report? In order to help you better understand the contents of the credit report, today we will briefly introduce the relevant contents.

1. What content will be displayed on the credit report?

1. Personal information

The credit information system will display the information you fill in based on your business dealings with financial institutions. Therefore, if you have not handled business for a long time, it may be different from the actual situation. For some discrepancies, the name, ID card, marital status, detailed address, previous workplace, etc. will be displayed here.

2. Information summary

It mainly displays credit card and loan records. It is a summary of information. Many approving personnel want to see your total liabilities, so they can see it in the information summary, such as the number of accounts. , the number of overdue accounts, the number of accounts overdue for more than 90 days, etc., divided into mortgages and other loans.

3. Credit transaction information details

Specific loan and credit card records, including loan time, lending institution, loan amount, remaining amount, overdue status, etc. Special circumstances will be marked in red. Display, such as overdue.

4. In addition, there are public information details, query records, situation descriptions, etc., which are also reference content for institutions.

2. How is the loan reflected in the credit report?

1. Display alone. For example, if a one-time loan business is successfully processed, the time, institution, amount, status (unsettled/settled), remaining amount, overdue, etc. will be displayed.

2. Combined display. Some loans will be displayed in a consolidated manner, such as revolving loans, installment business, etc., to avoid having too much data causing your credit report to become corrupted.

Whether the credit report will show loans

1. All loan records may not be shown on the credit report. This depends on the nature of the lending institution. Currently, lending institutions include banks, licensed consumer finance institutions, and some private lending institutions.

2. The first two are connected to the central bank's credit report, and the loan application will definitely be displayed on the credit report. For example, if the credit report is checked when applying, a loan approval inquiry record will be left on the credit report. , after successful application, the name, nature, amount and other information of the lending institution will be displayed in the loan record.

3. Some private lending institutions do not have a credit report and will not show it on the credit report.

Extended information:

Will checking credit information have any impact?

Checking credit information may have a certain impact on personal credit business, because when When we check for credit, we will retain certain data in the credit report, and this data will be retained for two years. The data retained in this report mainly includes the inquiry person or inquiry institution, the time of the credit inquiry, and the reason for the credit inquiry. Banks will pay more attention to the data information retained in these credit reports. When we check our credit report too many times, the bank will think that we do not have much money at this stage and are potential overdue defaulters, and will therefore put us on the list of undesirable customers. When we apply for a loan to the bank , it will be difficult to approve.

How long does it take for a bank loan to be overdue to be reported on the credit report

1. Generally, if a bank loan is overdue and exceeds the time tolerance service range, it will be reported to the credit report. Most banks have certain time tolerance services, where time tolerance service refers to the repayment grace period, which is generally between 1-3 days.

2. If a bank loan is overdue and exceeds the repayment grace period, it will be recorded on the credit report.

Bank loan refers to an economic behavior in which a bank lends funds to those in need of funds at a certain interest rate in accordance with national policies and agrees to return the funds within an agreed period. Generally, you are required to provide a guarantee, house mortgage, or proof of income, and have a good personal credit report before you can apply.

Moreover, in different countries and in different development periods of a country, the types of loans classified according to various standards are also different.

For example, industrial and commercial loans in the United States mainly include ordinary loan limits, working capital loans, standby loan commitments, project loans, etc., while industrial and commercial loans in the United Kingdom mostly take the form of bill discounts, credit accounts, and overdraft accounts.

Entrepreneurship Loans

Entrepreneurship Loans refer to individuals who have certain production and operation capabilities or are already engaged in production and operation activities. They apply for capital needs due to starting a business or re-starting a business, and the bank approves the effective guarantee. A special loan issued. Qualified borrowers can obtain a single loan support of up to 500,000 yuan based on their personal resource status and repayment ability.

Mortgage Loans

For those who need to start a business, personal consumption loans can be flexibly used for starting a business. The mortgage loan amount generally does not exceed 70% of the assessed value of the collateral, and the maximum loan limit is 300,000 yuan. If you need to purchase a commercial house along the street to start a business, you can use the house you plan to buy as collateral and apply for a commercial house loan from the bank. The loan amount generally does not exceed 60% of the appraised value of the commercial house you plan to purchase, and the loan term does not exceed 10 years at most.

In addition to deposit certificates that can be pledged, personal loans can also be easily obtained with treasury bills, insurance company policies and other certificates. A deposit certificate can be loaned 80% of the amount of the deposit certificate; a treasury bond can be loaned 90% of the face amount of the treasury bond; the amount of the policy issued by the insurance company shall not exceed 80% of the current cash value of the insurance policy.

Guaranteed Loan

If you don’t have a deposit certificate, national debt, or insurance policy, but your spouse or parents have a better job and a stable income, this is also excellent. Credit resources. Currently, banks have a special preference for high-income groups. Lawyers, doctors, civil servants, employees of public institutions, and people in the financial industry are all listed as preferential targets for credit loans. Employees in these industries only need to find one or two colleagues to guarantee them. Financial institutions such as ICBC and China Construction Bank have obtained guaranteed loans of about 100,000 yuan. Once all the materials are prepared, they can be approved on the same day, thus obtaining entrepreneurial funds quickly.

That’s it for the introduction of credit information on loan records.