1, even three times six
The second-generation credit report also recorded the lender's credit report in the past five years. Lending institutions will mainly look at the credit records in the past two years when approving loans. If they find that the bad credit record shown in the lender's credit report has reached three consecutive years, that is, they have not repaid for three consecutive months within two years and are overdue for six months, they will directly refuse the loan.
2. Late payment
Some lenders' credit reports show bad credit records, but they have overdue repayment records within six months, especially the current overdue, which will also affect the loan application. In addition, if you are recorded as a bad debt due to long-term overdue, then you may miss the loan in your life, especially those who want to apply for bank car loans and mortgages, and there is basically no hope.
3. Too many hard queries.
Mainly refers to the loan application, credit card application, guarantee for people and other reasons. The credit report has been inquired by institutions for many times within half a year, which will also affect the loan approval. In particular, if the number of inquiries exceeds 6 times, the loan will be directly rejected in nine cases out of ten.
4. Large special installment payment by credit card
When approving a loan, the lending institution will consider the borrower's debt, which can generally be found in the credit report. If the debt ratio is too high, for example, the household debt ratio exceeds 50%, then the bank will doubt whether you have the ability to repay the loan. The large installment of credit card is also a kind of debt, which is reflected in the second-generation credit report separately, so it will also affect the loan approval.