What is the main review of mortgage credit information?
1, see the personal credit inquiry record.
Lending institutions mainly look at the borrower's credit card and loan approval records. If there are too many credit inquiries in a short period of time, and the cumulative number of inquiries exceeds six in half a year, banks and other lending institutions will think that the borrower's capital chain is abnormal in a short period of time, and it is short of money in the near future, or the borrower's own credit problems lead to repeated refusal to lend, so it may be risky to continue lending to the borrower and refuse to lend.
2. Check the expired records
General lending institutions have the requirement of "three consecutive months and six consecutive years" for borrowers' overdue behavior, that is, they can't have overdue behavior for three consecutive months, and the cumulative overdue times in the past two years can't exceed six times. If the loan has been settled, a settlement certificate is required. It is best to inquire in advance and get ready, because it takes time to open the settlement certificate. The requirements of different lending institutions may be slightly different, and the specific requirements of lending institutions shall prevail when applying for loans.
3. Look at the debt situation
General lending institutions stipulate that the borrower's debt ratio cannot exceed 50%, so the borrower should clearly understand his debt situation before lending. If the debt ratio is too high, the lending institution will think that you don't have enough repayment ability and will reject your loan application to avoid credit risk. Therefore, the borrower should have an accurate understanding of his own economic situation before handling the loan, such as his repayment ability, debt situation, how much money he can use every month and so on. And don't let the loan affect his normal expenses.
How to recover from bad mortgage credit information
1, eliminated by time. After the mortgage is overdue, the bank will upload the overdue information to the credit information system of the People's Bank of China, causing credit information stain. If the personal credit report is overdue, a good credit record shall be maintained from the date of paying off the arrears, which can be cleared after 5 years.
2. Explain to the bank at the early stage of overdue. Many overdue payments are unintentional, but they forget the repayment date. At this time, you should contact the bank and loan platform as soon as possible to explain that you didn't intend to overdue, and pay off the loan in time to eliminate the bad credit record as much as possible.
3. Apply to the bank for objection after the deadline. Not all overdue cases are caused by their own reasons, and sometimes personal information may be fraudulently used or caused by bank mistakes. If it is found that the credit report is wrong, it is necessary to submit an objection application and related materials to the local credit center of the People's Bank of China in time.