The number of credit inquiries increased, but it took a little time. As long as your personal qualifications are fine, it is not impossible to get a loan
Why is it difficult to borrow money when the number of credit inquiries is high?
Now when you go to the bank for a loan, the bank first looks at your personal credit information. If your credit is overdue or you have a bad record, it is basically impossible to get a loan. If there is no problem with your personal credit information, but there are many inquiries, is it possible to get a loan?
Here's a digression. First of all, we must understand what the bank loan is for.
There is no denying that banks lend money to make money. If banks want to make money, they must ensure that the money they lend can be recovered and they can receive certain interest. Under this premise, if there are bad records and overdue people, can the bank safely lend you money? Can the lent money be recovered on time?
At this time there will be a big question mark in the bank. If this risk is not well controlled, bank loans may turn into bad debts, which is also the reason why people with poor credit information will not approve loans.
What if it's just a credit survey? It's just that the number of credit inquiries has increased.
This depends on whether the bank's audit is strict. If your other qualifications are all right, your income is stable, and you don't have too high credit liabilities, most banks are still willing to lend you money just because you have more inquiries.
It should be noted here that ordinary banks only look at the latest inquiry records, while conservative banks look at the inquiry records of the past six months to judge your current capital situation.
For example, you have frequently inquired about personal credit information in the last three months, and the reasons for your inquiry are all about loans, indicating that you need funds in the near future and are very urgent. At the same time, it also shows that other financial institutions have not lent you money. If you had borrowed money, you wouldn't have found this bank now.
As I said just now, if you have good personal qualifications, a house and a car, a stable income and not too much debt. In this case, although it costs a little money to receive credit, most banks are still willing to lend you money.
How long is the inquiry record of personal credit information kept?
It usually takes two years, and then it disappears. In fact, the inquiry records two years ago are basically meaningless. Even for a very strict bank, the most depends on your inquiries in the past two years. After all, two years has been a long time span, and the average bank only needs to look at your situation in the past six months.
Therefore, if there is nothing wrong, it is best not to add query records to your credit information. After all, too much will have an impact.
At present, personal inquiry and post-loan management are not included in the inquiry times. Each person can inquire for free at most twice a year, and there will be a charge for inquiring for more than two times. Post-loan management refers to a routine inquiry every month or every three months after the bank gives you a loan until you settle the loan.
The number of credit inquiries mainly depends on loan approval and credit card approval. Generally, the inquiry times of loans in February/March/June should not exceed 5/8/ 12, and every bank or institution has the same requirements.
If there is a real estate mortgage loan, it is good to say that some banks will not look at the number of inquiries. If there is a credit loan, it is best to keep it for half a year. Let's talk about it Frequent loan rejection applications are always rejected. Long-term borrowing does not lend, depending on your own reasons. If you don't know how to credit online loans or loans, you'd better not try it yourself, otherwise you may always refuse, or the quota is not satisfied with tens of thousands at all.
I have been engaged in Internet finance for about 4 years and have met many borrowers. As you said, there are more credit inquiries. Where can I get a loan? Let me briefly talk about my opinion:
First, you can apply for a bank loan. Banks generally require that there is no overdue period in the current period, and then the number of inquiries in the most recent month is no more than 2 times, and the number of inquiries in half a year is no more than 6 times. Generally, you are eligible to apply for a loan. Of course, there are also mortgages and credit loans, mainly depending on your personal assets and repayment ability. Of course, the speed of bank credit loans is relatively fast now. As long as there is no problem with my qualifications, it is basically approved in seconds.
Second, Internet finance companies with large platforms, such as Ping An's Ping An Pratt & Whitney, Province Bai, Return Bai, Gold Bar, Ant Borrowing Bai, Micro-loan Network, Gome Finance, Baidu Finance, etc., have lower requirements than bank products, but higher interest rates than banks. The general annualized interest rate is less than 24%, and the number of personal credit inquiries is no more than 6 times a month. There is no overdue record, and downloading is easier.
Third, for companies that don't look at liabilities or the number of inquiries, such as Jiufuwanka, Paipaidai, Fun Money, Personal Credit, Flexible Credit, etc., repayment is easy, but the interest rate is high. The general annualized interest rate is less than 36%, that is, the monthly interest rate is about three points. However, the next payment is fast, the requirements for personal qualifications are low, and the number of credit inquiries is ignored.
Fourth, folk usury, the so-called capital turnover and bridge funds are obvious usury. They sign loan contracts with their ID cards or important documents, which do not reflect interest. This is the most convenient, of course, the interest rate is insanely high.
To sum up, borrowing money is risky, do what you can, and don't let yourself get into a quagmire.
Too many inquiries seriously affect the loan interest rate and quota, and may even fail to get the loan. If you really need money, it is recommended not to check your personal credit report for one month. After improving the personal credit report, it is easier to get loans anywhere. The loan display agency inquires about personal credit information. Individuals go to the local people's bank for credit inquiry, and there are two free inquiries a year, which exceeds the fee.
Daughter-in-law is in the credit department I can tell you this. Loans can be borrowed, as long as you are not prohibited, overdue and the debt is not too high. It's not a big problem, but it's difficult to get a loan because there are too many credit inquiries. If you ask too many questions, it will give the bank the impression that you are short of money, and make the bank staff feel uneasy about lending you money. With collateral, things will be much better. Talk to the loan officer more and explain the situation.
Too many inquiries make it difficult to get a loan. At this time, some hard conditions are needed, such as garage mortgage loan and policy loan for more than two years.
The number of credit inquiries increased, but it took a little time. As long as your personal qualifications are fine, it is not impossible to get a loan But now you go to the bank for a loan, and the bank is still very strict about the frequency of credit inquiry. As far as I know, Ping An Bank, Industrial and Commercial Bank of China and other banks are very strict about the frequency of credit inquiry. These banks basically require no more than four times in two months or three months and no more than six times a year. You can get personal credit loans from them.
In addition, there are many credit inquiries. The bank will see what you are doing. There were many inquiries. There are reasons for inquiry in the credit report, such as loan approval, credit card approval and post-loan inquiry. If it is the last one, the bank will not look at the number of inquiries, but the first two will, because the bank will think that you are short of money, so it will look at your number of inquiries, and then the bank is afraid that the borrowed money will not be collected.
There are also small loan companies that will also go to the credit inquiry and go to the formal CreditEase Pratt & Whitney. What he cares about is the number of your personal inquiries. As long as it is no more than 6 times a year and no more than 4 times in half a year, and the credit is good and the loan is used normally, then there is basically no problem with your loan at their home, and the probability of approval is still very high.
Therefore, it is recommended that friends who want to borrow money should not borrow money, and then don't be afraid of trouble if they have financial needs. It is better to go to the bank, because the bank's interest rate is low, the amount is large, and the requirements for credit information are high. You are overdue. As long as you keep in touch with the bank directly for normal reasons, the explosion of the address book will not happen. Because it is illegal to explode the address book.
Too many credit inquiries reflect that the loan demand is very large and the risk is greater. Generally will be rejected.