Personal credit information is closely related to loans, but it does not mean that loans cannot be made without good credit information. It is still possible to borrow money with real estate mortgage, but the cost may be higher than others.
According to whether there is collateral, loans can be roughly divided into two categories: one is loans with collateral, and the common ones are chattel pledge and real estate mortgage; The other is a credit loan with no collateral.
In addition to bank loans, if there is an urgent need for short-term liquidity, you can mortgage loans through licensed institutions in folk credit, such as small loan companies and pawnbrokers, but the interest will be higher.
I am an employee of a state-owned bank. As far as I know, state-owned banks generally tolerate credit investigation for three times, no more than six times at most. Beyond this limit, it is generally difficult to give you a loan. There is also a question of time and quantity. For example, each overdue time is short and the amount is not large. As long as there is collateral and a source of income for repayment, the bank will still consider it.
At present, bank loans and collateral are on the one hand, and a fixed source of income is also the main consideration, such as the fixed salary of the unit, rental income, bank flow and so on. If you don't have a reasonable source of income, even if you have strong collateral, the bank won't give you a loan. Bank loans earn interest, not your property.
Of course, the loan policies of other small local banks are relatively loose, but the interest rates are much higher, so you can visit and choose more. If it doesn't work, you can only choose some financial companies or small loan companies. The interest of these companies is relatively high, so you can't use them for a long time, but you can only turn around for a short time, otherwise your loan will bring great trouble, and you should calculate the economic account well.
In short, it is difficult to borrow money from large state-owned banks because of poor credit reporting. Even if you can borrow it, the interest will definitely go up. We should cherish our own credit information system.
Generally speaking, yes, because mortgage loan is different from credit loan. If the mortgage loan is handled with collateral, the bank can auction the collateral to recover the funds if it cannot be repaid. Therefore, generally speaking, as long as there are mortgage projects to handle loans, it is also possible to handle bad credit information.
If the credit is bad and the bank goes bankrupt, you can only find an Internet loan company, such as Ping An Pratt & Whitney.
Hello, this is @ Xiao Qiang. I'm talking about real estate sales. My views are as follows.
As we all know, today's society is a credit society, especially the objective need of early consumption, which leads to more and more demand for credit information by individuals and institutions. Let's talk about it. I wrote an article about credit reporting before. If you are interested, you can visit my homepage.
If the credit information is not good, whether you can make a mortgage loan depends mainly on how bad your credit information is. The basic requirement of most banks for credit investigation is "three times and six times". If it exceeds this, it needs to be handled in other ways. Let's talk about it in detail later. If it is not particularly bad, you can make a mortgage loan in a regular bank, but if it is bad, the bank is likely to refuse. Therefore, we need to know what our credit information is, so as to know whether we can make mortgage loans. Of course, private lending institutions also have a kind of mortgage loan, which is also very common. There are also formal institutions, but the interest rate is generally at least 50% higher than that of bank mortgage loans. I don't particularly recommend you to do it unless you really need money and the bank doesn't approve loans. 1. What is a credit report?
Credit investigation is an activity that a professional and independent third-party organization establishes credit files for individuals or enterprises, collects and objectively records their credit information according to law, and provides credit information services to the outside world according to law. It provides a platform for professional credit reporting agencies to enjoy credit reporting. (This definition comes from Baidu Encyclopedia)
Simply put, credit investigation is to record and reflect everyone's credit activities in the society in the archives.
2. What's the use of credit reporting?
For example, if you want to pursue the other half, the premise that TA promises you to pursue must be to know what kind of person you are first. How do you know? You can only ask friends and colleagues around you, or ask friends about your personal situation, income, work, personality, behavior and so on. The other half can get to know you by asking, while the bank can only get to know you through the file, which is your credit report and the only way for the bank to get to know you after accepting your loan application. This is why banks must read the credit report when applying for loans.
3. What is a bad credit report? What is a good credit report?
Black households, pure white households, many bad records, too many credit cards and too many debts, and frequent inquiries from institutions are all bad credit reports. On the contrary, it is good credit.
Needless to say, black households have too many bad records, and repeated defaults will be blacked out by banking institutions. In this case, it is impossible for lending institutions to accept loan applications at present.
White households, without any credit history, then lending institutions have no reference, which is not conducive to loans. Although it is not a bad credit, it is not conducive to loans. We can also say that credit reporting is not good.
There are many bad records, and the credit card is overdue. loans overdue, depending on the specific situation, not all lending institutions refuse loans.
Many credit cards are heavily in debt, which will be considered by lending institutions to raise cards with cards, and will also be considered as bad credit information, which will affect loans.
Too many times of agency credit inquiry will make the lender think that the applicant is short of money and look for a place to borrow money, and then determine that the applicant may have the risk of not repaying the loan normally, thus affecting the loan.
To sum up, the premise of lending institutions to approve loans is to know that your repayment ability is strong and the potential risk is small. So a beautiful and clean credit report is very important. So when will the lending institution check the credit information? Check before and after the loan. Before the loan, look at the historical repayment records and judge your repayment willingness and performance. After the loan, look at the number of loans and whether you have provided guarantees to others, so as to judge your debt and repayment ability. Therefore, don't think that if the loan is approved, everything will be fine, and you can squander your good reputation and spend credit cards. Beware that lending institutions "get back a life".
4. What are the disadvantages of poor credit reporting?
Can't get a credit card, interest rates rise, and banks refuse to lend. I can't. Credit cards are not serious. Seriously, if you want to borrow money, you have to accept a series of "harsh terms" of the lending institution, such as raising interest rates, buying his wealth management products, buying his insurance products, buying his gold, buying his souvenirs and so on. Of course, the most serious thing is that you are directly refused a loan, so you must pay in full no matter whether you buy a car or buy a house in the future. We are all ordinary people, how can we have so much money to pay the full amount?
5. What should I do if I have a bad record?
First of all, let's determine what kind of bad record we have. There are bad debts, secured loans, credit loans, consumer loans or other lending behaviors, overdue credit cards, or frequent credit inquiries recently. These are the basis for us to solve the problem.
After the reason is clear, let's talk about how to deal with it.
First of all, bad debts. Bad debts are long-term sluggish accounts that cannot be recovered after collection. Once you have bad debts, you basically miss the loan, but you must settle the arrears immediately. Bad debts will become overdue records after settlement, but overdue is much better than bad debts. At least five years later, overdue records can be cleared. So there must be no bad debts. How to avoid bad debts? Be sure to repay the loan in time, notify the bank in time after the personal information changes, and pay it off as soon as possible after receiving the reminder notice from the bank.
Second, secured loans. There are also guarantees for others, which are handled differently according to different bank regulations in different cities. For example, if you buy a house for others as a guarantee, it may be counted as having a mortgage, which will affect your mortgage amount. If it is other types of guarantee, it will also have a certain impact on the loan. Besides, if you vouch for someone, as a result, he can't repay the loan, and your credit information will be implicated. So, try not to vouch for others.
Third, credit consumption loans. This kind of loan generally has a greater impact on mortgage. Lending institutions will default to your lack of money or even down payment, so they will question your repayment ability and refuse the loan. If there is such a loan, the bank will ask you to settle the loan when applying for a mortgage. If it can be settled, it won't affect. If it can't be settled, you need to cover more than twice your monthly payment and such a loan, which is very demanding for your income. In fact, people with such high incomes rarely make credit or consumer loans.
Credit card overdue.
Fourth, the credit card is overdue. Generally, banks have the restriction of "three consecutive times and six consecutive times", that is, the loan application will not be approved in principle. Banks in several major countries are particularly strict. If there is a situation of "three troubles and six troubles", these banks will basically miss out. Commercial banks are relatively loose, but applicants may also be required to increase the down payment ratio and interest rates will rise. So, try not to be overdue.
What if there is overdue? Remember: don't cancel the card at the first time! Continue to use it and keep it in good condition.
Record with cards, and don't have any more defects! If there is no bad record in the next two years, you can cancel the card if you want to cancel it, but it is best to use it all the time, because the bad credit record will be deleted after five years. Of course, if it is not malicious overdue, going to the bank counter to issue a non-malicious overdue certificate will have little impact on the loan.
Fifth, the number of credit inquiries is too frequent. The Credit Information Center stipulates that everyone has the opportunity to check the credit information report twice a year for free, but frequent self-examination of credit information will give lenders or credit card centers an impression that you have a great shortage of funds and demand, and you will be worried that your default risk will be higher. Similarly, frequent application for credit cards and online loans will also be considered that you have a big funding gap and demand, which has a greater impact than self-examination and credit reporting. So apply for credit cards as little as possible, and don't click on online loans to apply for loans.
6. How to avoid credit cards and loans overdue?
(1) It is best to set automatic repayment. If there is automatic repayment, you can avoid paying attention to the bill at any time, but you must ensure that the balance in the associated repayment savings card is sufficient.
(2) Be sure to return it in advance. Don't put it off until the last day or two. At this time, it is easy to forget that if you don't make up the money, you have to pay it back in advance. Otherwise, if you don't make up enough on the last day, it will be overdue.
(3) Try not to let others return, and try to avoid returning to institutions. Credit information is your own, you should cherish it, others may not pay as much attention as you do, so try not to let others pay it back for you.
(4) Don't give your credit card to others. Don't lend your credit card to your best friend Even if you lend him money, you must never lend him your credit card, absolutely!
(5) Re-confirm whether the repayment has been received within 24 hours after repayment. This job must also be done, especially for people with more credit cards!
(6) Contact the bank to update personal information in time. Many bad debts have changed their mobile phones without notifying the bank to update them, and as a result, they can't receive text messages and phone calls, and finally they hurt themselves.
(7) The focus is on living within our means, rational consumption and abstinence! !
(8) Don't trust the so-called grace period easily. Different banks have different requirements. Some banks can give one or two days' grace, some can give three days' grace and some can't. So be sure to repay before the repayment date. If you really forget it carelessly, remember to repay it as soon as possible and call customer service to explain the situation.
(9) If it is really difficult to repay, you must remember to repay by installments, and at the worst, you must also pay the minimum repayment amount, or when you have no choice, take the initiative to call the bank to apply for an extension. There is only an installment fee for installment repayment, and there is no interest, but it is only the lowest. The remaining principal will generate interest, which is five ten thousandths per day. This interest is not simple interest, but compound interest, which is "rolling interest". Interest generated by the principal will also generate interest, which is a very large expenditure.
(10) Repayment sequence: full payment is better than installment, installment is better than minimum, minimum is better than postponement, postponement is better than overdue, and overdue is better than evasion.
7. How to ensure the safety of using the card?
Good card use does not mean safety. In the information society, personal information is easy to leak. Therefore, it is really safe, not only to use the card well, but also to prevent others from stealing their own information. So be sure to remember that your card is not for others; Don't disclose the three-digit security code on the back of the card to others; Be sure to turn on the SMS reminder; If you have abnormal consumption, you must contact customer service in time to explain the situation and freeze the card.
Thirdly, it's really important to collect information. Everyone must be careful, otherwise it's too late to cry. It takes five years to "turn over a new leaf and turn over a new leaf" How many five years can there be in life? Don't you think so?
There are two aspects to personal credit reporting.
First, there are no overdue records, but there are many inquiries. This kind of credit record is best not to be inquired within three months or six months, which will have no influence on future re-lending and credit cards. If you use real estate as a mortgage loan, the cost of credit information is basically no problem.
Second, there are overdue records, and those with overdue records need to be interrupted by time. Less than three months overdue, the mortgage loan may be successful, but the interest rate is high. If there is an overdue record of more than three months, you don't want to borrow it for the time being, and so on after five years.
Nowadays, bank loans are more and more strict with credit management, and it is difficult to apply for loans if there is a record of overdue credit. Banks that use real estate as collateral can consider it, and other credit loans are basically not considered.
Keep your personal credit records well, just check your credit twice a year to prevent others from using their personal information to handle loan business or other business. And try not to be overdue, because overdue has a great influence on yourself, control your consumption state and avoid blind consumption.
As long as there is a house and the house has space, it is no problem to make a mortgage loan!
Even if the blacklist credit report is all 7. Of course, there are two conditions.
First, the house must have space to cover all debts and surpluses, and second, you must accept interest.
Personal credit is not good, depending on which aspect, which is overdue, or more inquiries, or high debts?
Generally speaking, as long as a mortgage loan is made, many conditions can be communicated or avoided. After all, it's not a credit loan, and you can't get a loan if your credit information is flawed.
Mortgage loans, banks can be financial institutions, financial institutions can also be private, and compared with credit loans, the interest rate is basically not too high.
When we meet a customer with a really bad credit report, we usually help him to be a financial institution, and the interest is within 1: 28. The key is to be able to repay when you borrow money.
After the loan is paid off, those who are heavily in debt can pay off all the credit loans. Loans overdue, a frequent enquirer, usually cleans up after two months.
After the credit report is completed, we will settle the loans of financial institutions at a high interest rate, and then go to the bank to make more than 3% business mortgage loans.
In short, as long as there is enough room at home, there is a way to operate the credit report no matter how bad it is. It is nothing more than spending more interest and wasting more time.
I'm a financier, your financing consultant!
Mortgage loan and credit loan are two concepts. If your credit information is not good, you may not get a credit loan. It has nothing to do with your credit information.
I can tell you clearly: no!
First, whether banks or other credit institutions, the main contents of loan review are three points, one is the purpose of the loan, the other is the borrower's repayment ability, and the third is the borrower's credit status. Determine the loan type according to the purpose of the loan, and judge the repayment ability according to the applicant's occupation, income stability and assets and liabilities; Use the credit report to analyze and judge the borrower's debt, repayment willingness and credit status. Refusing to lend to applicants with bad credit records.
Second, whether a bank lends money mainly depends on the borrower's loan conditions and ability, and the secondary repayment source of guarantee measures is a reference. Loans are not pawns, and the basis of loans is not collateral. Collateral that meets the loan conditions, has clear property rights, is of sufficient value, is easy to maintain and increase value, is easy to realize, is easy to pass the examination and approval, and obtains appropriate preferential treatment.
Third, personal credit is not good and there is no bank loan; If personal credit is not good, it will be limited to mortgage loans for others with personal property. Personal bad credit records are generally kept for five years. Personal credit is not good, and it will be limited everywhere. Please cherish your credit, use financial products rationally according to regulations, and don't overdraw your credit or overdraw tomorrow.
I don't know what you mean by "bad personal credit". If it is caused by objective reasons or non-subjective intentions of force majeure, it can be reported to the business agency step by step and applied to the People's Bank for repair.