1. What does pure white home mean?
There is a little difference between pure white households and white households.
A white household refers to a person who has dealt with financial institutions and has a record of applying for a loan or credit card, but ultimately failed to apply for a card and has no substantive credit transaction record.
Pure white households refer to people who have never applied for credit cards and loans and have blank personal credit. Generally, they are newly graduated college students or office workers, and there is no information on the credit report.
2. Can pure white families get loans?
Of course, at that time, compared with people with good credit records, it was more difficult for white households to apply for loans than customers with credit records, especially credit loans.
Because bank approval is mainly based on personal qualifications, credit, financial resources and so on. If there is no personal credit record, the bank can't guarantee whether the borrower can repay in full and on time. In order to control the credit risk of banks themselves, they generally lend cautiously.
Therefore, it is suggested that if white households have difficulty in obtaining loans, they can apply for credit cards appropriately, and keep good consumption records and credit records, which can establish a good credit record and contribute to loan approval.
To sum up, pure white households and white households refer to customer groups without bank credit records. When handling loans, such people will inevitably be trapped. The reason is that some banks and finance only target at people with good credit records in order to control risks.