A good credit record is a prerequisite for applying for a loan. Generally speaking, according to different loan types, lending institutions have different requirements for borrowers' credit information. General mortgage loans will require more than three levels of credit information, and credit loans will require more than two levels of credit information; Borrowers whose credit information is seriously overdue are basically unable to get loans.

Reason 2: Too much debt.

Asset-liability ratio is one of the important factors in loan approval. Most lending institutions have a tolerance of less than 70% when approving loans, and more than 70% will be considered as too high in debt and have a high probability of refusing loans.

Reason 3: Incomplete information.

Many people lack the necessary information to apply for loans, and it is difficult for lending institutions to identify the credit qualifications of applicants, so in order to avoid risks, they often choose not to lend.