There is generally no need to check credit before and after the issuance of auto loans. Unless the time interval between auto loan lending and the user's application for auto loan is too long, and financial institutions are worried that the user's credit report will change during this period, they may check the credit report again before and after auto loan lending. However, the whole application process of auto loan does not take too much time, so there is little chance to check the credit.

However, during the car loan application period, if the user has a loan to repay, it must be repaid on time to avoid overdue. And if you have a loan plan, you'd better wait for the car loan funds to come down before applying.

1. What is personal credit reporting?

Personal credit reporting refers to the activities of a legally established personal credit reporting agency to collect and process personal credit information and provide personal credit information inquiry and evaluation services according to users' requirements. Personal credit report is a personal credit history record provided to legal information inquirers after the information collected according to law is processed and sorted by credit reporting institutions.

Second, does the bank check personal credit for car loans?

When they apply for a loan to buy a car, the bank will check their personal credit history. Under normal circumstances, if the accumulated overdue reaches 6 times or 3 times in a row, the bank will not issue loans. However, banks will also specifically check the overdue time and amount of customers, so as to judge whether customers are unintentionally overdue or maliciously overdue.

If the overdue time is short or the amount owed is small, and it is not continuous overdue, it will generally be considered as unintentional overdue and will not affect the bank's loan issuance; On the contrary, it will be regarded as a tainted customer by the bank and refused to lend.

Third, will auto financing companies check personal credit information when handling auto loans?

In addition to borrowing money from local banks to buy a car, you can also borrow money from local auto financing companies to buy a car. When you go to an auto financing company to apply for a loan to buy a car, the down payment ratio is the same, but the auto financing company does not have high requirements for the applicant's credit history. The average applicant has a stable job and income, and can apply for a loan to buy a car if he has the repayment ability.

Therefore, you can buy a car with a bad credit record with a loan. Applicants are only advised to find a local auto financing company, not a local bank. It should be noted that if the applicant's credit record is not serious and the credit record in the last two years is good, he can also apply for a loan to buy a car in the bank.