What do you mean by credit inquiry and loan approval?
Inquiring about the reasons for loan approval by credit information means that the loan company has applied for a loan before, and the loan company has inquired about the reasons for loan approval by credit information, and then it will leave a query record of loan approval.
In addition to loans, we will also be checked for credit when we apply for credit cards. The reason for the inquiry is credit card approval; There is also a loan guarantee for others. Banks must know the credit, liabilities and repayment ability of the guarantor, and will check the credit information because of the qualification review of the guarantee.
Does loan approval have an impact on the reasons for credit investigation?
1, loan approval, credit card approval and guarantee qualification examination are all hard inquiry records, which directly affect credit information. If there are too many records of such inquiries in a short period of time, it is easy to obtain credit information, which will give the lender the impression of lack of money, which is not conducive to handling bank credit business in the future.
2. If the credit report is inquired by different institutions in a short time due to loan approval, credit card approval and other reasons, but there is no new credit card and loan information in the loan record in the credit report, it is likely that the application was rejected, which will also be unfavorable to the credit card and loan application.
It should be pointed out that institutions usually have to obtain their authorization to check credit information. If it is found that the credit report has been inquired beyond the authority, you can inquire about it to the inquiry institution or report it to the branch of the People's Bank of China, requesting to cancel the inquiry record.