As we all know, no matter whether it is mortgage, car loan or cash loan, as long as you make a loan, most of the loans will be credited. Therefore, many people are surprised after inquiring about their credit records. The credit report contains both loan application records and loan approval records. So recently, my friend and I discussed whether the credit on the loan record is good or not. ...
Xiaochao is an expert in the cash loan industry and is familiar with various cash loan routines. Judging from her experience in cash loans and credit reporting, loan records and approval records are posted and credited, which is not good. The reason for this is the following：
First of all, if a person needs a cash loan, then he will definitely apply for more than one loan product, even dozens, which may also contain some credit card approval records.
Xiaochao took out a detailed inquiry record of the institution in the credit investigation, and there were many inquiry records. There are as many as 40 records in two years!
What kind of query records have an impact?
Xiao Chao specifically pointed out here that the inquiry record part of the central bank's personal credit report records inquiries from two sources, "institutional inquiry" and "personal inquiry"; The inquiry reasons are also divided into: personal inquiry, credit card approval, guarantee qualification examination, post-loan management, loan approval, objection inquiry, etc. What has a potential impact on personal credit is: the records generated by the institution because of reviewing your loan application, which is also called "hard inquiry".
Moreover, my inquiry can be regarded as my active management of personal credit, so no matter how many records in i query, it will not affect the loan at present!
New influence of cash loan on inquiry records
Now is the era of mobile Internet, and bank credit card applications can be launched. All kinds of online loans are claimed to be able to apply for secondary lending. Even the personal credit report of the central bank's credit information center, there are many third parties who say that they can check it through APP. Do you know that while you enjoy these services conveniently, many times your inquiry records in the personal credit report of the central bank will be "silently" added?
And the query of these institutions is the hard query mentioned above! In other words, every time you apply for a new product, there may be a new inquiry record on your credit report!
What's the impact of querying more records?
Now it is getting easier and easier to "generate" a query record in the personal credit report of the central bank. As soon as your eyes are closed, there may be another record. How many records are there? Banks don't give loans or credit cards?
The answer is known to many people: there is no uniform standard! In more detail:
If the personal credit report has been inquired by different banks for many times because of loans, credit card approval and other reasons, but the inquiry records show that the user has not obtained a new loan or successfully applied for a credit card during this period, indicating that the person's financial situation is not good, it is necessary to consider whether to approve the loan bank. The inquiry record is not a hard indicator, but a reference factor, and the specific situation varies according to the standards of various banks.
It can be seen that it is meaningful to talk about whether there are more or less inquiry records in a certain time range, while the inquiry records in the personal credit report of the central bank only show the records in the past two years.
From the perspective of credit risk control of financial institutions, generally speaking, it is dangerous to have four "hard inquiries" in three months, and more than eight "hard inquiries". Sorry! A banker said, "Banks have different requirements for the inquiry frequency of credit information. What I have learned is that it can't be more than six times a month, otherwise it may affect the approval of loans such as mortgages. In a few cases, if the number of inquiries exceeds 2 times a month, the pass rate of unsecured loan application will be reduced. "
"Of course, the credit information on the query record is only one aspect. More importantly, the loan records will also be recorded. If there are too many loan records, the impact on individuals is even more serious than the impact of too many inquiry records. " Xiao Chao said.
First of all, most people's loan records are definitely small loans, and the loan amount of small loans is not very large, ranging from thousands to tens of thousands. Xiaochao said: "If you want to borrow even 1000 yuan, you have to go to the bank to borrow money to buy a house. You think the bank will lend you a loan. There can be dozens of such loan records, and the bank has every reason to doubt your personal financial situation! "
More importantly, once you have multiple loans, it is easy to lead to overdue. If the loans overdue or credit card is overdue, your overdue record will be recorded in the personal credit report by the central bank reported by the institution.
If this happens, you can't get a loan to buy a house or a car. It is reported that most credit reporting agencies in prime bank will follow the principle of 6, 3, 2, 1 That is, first of all, there cannot be seven consecutive months overdue in the past five years; It cannot be overdue for six consecutive months in the last two years, and it cannot be overdue for three consecutive months in the last 1 year; It cannot be overdue for two consecutive months in the past six months; The current month cannot expire. Once any of the above conditions are met, going to the bank to apply for a loan will be rejected with a high probability.
Therefore, everyone must be rational about the loan and don't apply blindly. Even if you apply for a loan product with capital demand, you must repay it on time, at least there is no overdue credit report.
Finally, Xiao Chao also pointed out a problem, that is, if you are a "credit inspector", that is, the so-called person with no credit record, it is difficult to make bank loans or approve credit cards.
We often hear such remarks as "I don't have a loan. Unexpectedly, my credit information is good. Why don't I get a card? " In the final analysis, this still lacks a correct understanding of personal credit reporting.
Xiaochao explained, "If your credit information is blank, the bank has no indicators to measure your financial ability, so judging your financial ability becomes a problem. Therefore, there is no overdue and no inquiry record, which does not mean that your credit information is good. On the contrary, people with some credit records will be favored by banks and institutions. "
First of all, having a healthy loan record can facilitate borrowing.
As the saying goes, "it's easy to borrow, but it's hard to borrow again." If your credit report reflects that you are a person who pays on time and earnestly fulfills the contract, the bank will definitely like you. Not only can we provide credit services such as loans and credit cards, but we may also give preferential treatment on the amount and interest rate.
Fair credit
Another great advantage of credit report is that it can help you get a fairer credit opportunity. The Credit Information Center provides the bank with an objective record of your credit history, "let the facts speak for themselves", which reduces the influence of the subjective feelings and personal emotions of loan officers on the results of your loan and credit card application, and allows you to obtain more fair credit opportunities.
gain time
A lot of information that banks need to know is in your credit report, so you don't have to spend so much time investigating and verifying the authenticity of the information you filled in the loan application form.
Credit reminder
If it is recorded in the credit report that you borrowed money and didn't pay it back, the bank must be cautious when considering whether to provide you with a loan. Banks are very likely to let you provide mortgage, guarantee, or reduce the loan amount, or raise the loan interest rate, or refuse to give you a loan. If the credit report shows that you have borrowed a lot of money, the bank will be very cautious, for fear that you may refuse to provide you with more loans because you have too much debt to bear. This reminds you to cherish your credit history and consciously accumulate your credit wealth.
To sum up, how much credit record is good or bad for personal influence cannot be generalized, but it is very necessary to maintain the credit information of each of us.