Personal credit report is an important reference condition for lending institutions to approve loans. Many people's loan applications are rejected because of tainted credit reports. However, why are some people with good personal credit reports rejected for loans?
In the process of loan approval, personal credit reports are certainly an important reference, but there are other factors that determine whether the loan can be successfully approved. Many other factors. If a loan with good credit is rejected, may these factors be at play?
Working in high-risk industries
Lending institutions usually pay more attention to the occupation of the borrower. If you are engaged in entertainment industries such as KTV, nightclubs, and bars, or in high-risk industries such as chemical industry, mining, blasting, and construction, your application for a loan will be easily rejected due to the high risks involved.
Unstable monthly income
In addition to high-risk industries, occupations with unstable income are not likely to be favored by lending institutions. For example, real estate agencies, insurance salesmen, food delivery boys, etc., if their income fluctuates and their repayment ability is unstable, they will be considered risky by lending institutions and will reject the loan.
Too many credit inquiries
Many people always feel that the more lending institutions they apply to, the greater the chance of getting a loan. Casting a wide net will definitely catch them. to fish. This idea is wrong. Applying for multiple loans at the same time will result in too many credit inquiries. When you apply again, the lending institution will judge that there is a risk and directly reject it.
Being burdened with legal disputes
If you are carrying a dispute that is waiting to be resolved, such as a lawsuit that is still being fought in court, or an accident that has not been resolved, no matter how excellent your other qualifications are, the lending institution will Don't dare to lend money easily. It is best to wait until the dispute is resolved before applying for a loan.
There are too many bad debts in the place of household registration
Loans are also divided into household registrations. Is it possible that there are also geographical disadvantages? Some areas have more bad debts in the previous loan process, such as Fujian, Guangxi, and Chaoshan Such places have become blacklisted in the loan industry. Many lending institutions will explicitly avoid these areas when lending money.
Lending institutions have tight quotas
Lending institutions also have quotas. Shouldn’t they lend as much money as possible and make more money? You may not know this well. Lending institutions also have their own lending quotas. Limit, when the loan amount is about to reach the upper limit, the loan approval rate will be reduced. At this time, even if the conditions are excellent in all aspects, the loan may be rejected.
There is nothing to say about falsifying loan information
Once the loan information is found to be falsified, not only will the loan application be rejected, but you may also be included in the loan blacklist , future loans from other institutions will also be adversely affected.