It will have a little impact. Because every time you apply, even if the application is unsuccessful, all banks will check your credit report, so that the credit report will also leave the inquiry records of all banks in the past five years.
If the inquiry records of several banks appear in your credit report in a short time, then you are in danger, because the banks behind you are more worried about the purpose of your application for loans or credit cards. Think you are a risky customer, or reject your application, or even if you get a credit card or loan, the amount will not be very high.
Extended data:
Personal credit reporting refers to the activities of a legally established personal credit reporting agency to collect and process personal credit information and provide personal credit information inquiry and evaluation services according to users' requirements. Personal credit report is a personal credit history record provided to legal information inquirers after the information collected according to law is processed and sorted by credit reporting institutions.
Personal Credit Information-Baidu Encyclopedia
Does the unsuccessful loan have a big impact? The impact of repeated unsuccessful loans is so great.
With the continuous strengthening of the risk control ability of the loan industry, it is difficult for more and more people to make a one-time loan successfully. Some friends who have failed in loans for many times ask: Does the unsuccessful loan have a big impact? I will answer your questions through this article.
Generally speaking, it is very common that the loan is unsuccessful. Because there are many factors that affect whether the loan can pass the audit, as long as one of them does not meet the requirements, it will be rejected, so in most cases, the impact of unsuccessful loans is not great. However, if the loan is rejected many times, it may have a bad influence.
Reasons for unsuccessful loans for many times
1, the borrower's debt is very high, and the monthly income can no longer repay the new loan;
2. There are problems with personal information, and there are false reports and concealment;
3. The borrower does not meet the basic requirements of the loan, such as being over 60 years old and having a bad personal credit record;
4. The loan information provided is incomplete and important materials are omitted.
The impact of repeated loan failures
1. The credit information system will record the loan application record, and the borrower has a record of frequently applying for loans, which indicates that the borrower is short of funds and has poor repayment ability, which will affect the next loan;
2. Financial institutions will think that borrowers may falsely report or conceal, and will strengthen the audit, which will reduce the possibility of loan approval and form a vicious circle;
Does it matter if the loan application fails? What will happen if the loan is rejected?
As we all know, after the loan application, the lending institution will check the credit information, and the credit information will be saved every time. If the loan is successful, the loan will be recorded on the credit information. And for friends who fail to apply for loans, will they go to the credit reporting agency? Let's talk about it for everyone.
First, after applying for a loan, regardless of whether the final loan is successful or not, the lending institution will inquire about the applicant's credit information and keep this inquiry record. And too many inquiries, that is, too many loan applications, will affect personal credit information, because in the future, when other lending institutions see too many loan application records, they will think that applicants are often financially nervous and have poor repayment ability.
So what will be the impact of the rejection of the loan application? Generally speaking, it doesn't matter how many times you apply for a loan, but if you apply for a loan too many times, the impact will be more than you think. Generally, after being rejected, your personal credit information will only keep the inquiry record without the loan record. Then, when you apply for a loan in the future, the lending institution will find this out and know that the applicant has been rejected when applying for a loan. If the application is rejected too many times, the future credit rating will be lowered and it will be more difficult to apply for a loan.
Therefore, remind friends who need loans not to apply for small loans too many times. After being rejected, it is recommended not to apply blindly. It is necessary to consider the reasons for rejection and try to get the application in place next time.