1 Bad credit card records will directly affect the loan for buying a car. Credit records are used by banks to determine a consumer’s credit qualification

to accept car loans.

Bad records on credit cards will directly affect bank car loans. It is recommended that consumers eliminate bad records first. Banks will use the credit records of the past two years as the criterion. If the credit records are good within these two years, it will not affect car loans.

Many lending institutions stipulate that borrowers can qualify for loans as long as they are not overdue more than 6 times within two years and are not overdue for more than 90 consecutive days. Therefore, if the overdue situation is not very serious, you can still apply for a loan to purchase a car.

However, in addition to personal credit, the borrower must also have a stable job and residence, and provide relevant supporting materials, such as a work certificate issued by the borrower's unit; bank statements; water and electricity Or proof of residence of gas payment bill and other materials to effectively obtain a loan.

2 It has been two years since the People's Bank of China implemented the personal credit reporting system, and specific regulations on the retention period of information records are still being formulated. But you can be sure that bad records will be cleared after a certain validity period. Therefore, when citizens pay attention to their "credit behavior", there is no need to panic too much.

Expand knowledge:

Credit stains, also known as bad credit records. It belongs to the aging category of personal credit records. After a bank customer applies for a loan, due to some reasons, there is a record of overdue repayment, which is a credit stain.

Different banks have different standards for approving personal credit records. As time changes, consumers’ economic conditions and repayment situations will also change. Banks will not always pay attention to consumers’ early bad debts. Credit history.

On November 2, 2012, the central bank confirmed that a new version of the personal credit report has been launched. Overdue credit cards and loans before October 2009 will no longer be displayed, and overdue records will be retained for 5 years thereafter. , which means that citizens’ overdue negative records will no longer be with them for life. If they can repay their loans on time and in full for five consecutive years, their credit will be cleared.

Bad Credit Record Baidu Encyclopedia