Will the credit report show all loans?
Not necessarily. It depends on the nature of the lending institution. Lenders include banks, chartered consumer finance and some private lending institutions.
The first two are connected to the central bank's credit information, and they can definitely be displayed on the credit information when handling loans. For example, when inquiring about credit information when applying, a query record of loan approval will be left on the letter newspaper, and the name, nature, amount and other information of the loan institution will be displayed in the loan record after successful processing. Some private lending institutions do not have credit information, so it will not be displayed on the credit information.
The details shall be subject to the loan contract. The loan contract says that data will be submitted to the credit information center, and it is inevitable to go to the credit information center.
What's the impact?
Every coin has two sides.
If the loans shown on the credit report can be repaid on time and not overdue, good credit can be accumulated, which can reflect the lender's willingness and ability to repay, which will play a positive role in handling loans and credit cards in the future; However, if it is overdue, the repayment ability will be questioned and the card loan will not be easy to pass.
And some special loans, such as mortgages, even if they are not overdue, banks will carefully approve loans. The outstanding debt of the loan is the lender's debt, which will affect the repayment ability; Second, the bank will suspect that the loan will pay the down payment, especially the loan applied for three months before the mortgage, and will be required to settle the loan and then apply for the mortgage.
The above is "Will the credit report show all loans?" I hope it will help everyone.