By the way, if you have these three records on your credit report. Then, when you apply for a loan from a bank, there is a 70% chance that it will be rejected.
First of all, it is easy to overlook too many inquiries about credit reports. Many people may ask, I can only know my basic situation by checking the credit information. In fact, whether you apply for a credit card or use other credit software, these related financial institutions will check your credit information report, and such inquiries will naturally be recorded in the credit information report and generally reflected at the bottom of the credit information report. You know, whether your application is passed or not, the inquiry record will not disappear. Once the bank sees such inquiry records, it will think that you have great financial loopholes and the risk of bad debts in the future is also high. In this way, the bank will naturally not pass your application.
Secondly, overdue records: I believe many people are already familiar with this. If you fail to repay the loan on time once or twice, but then repay it in time. That will basically not affect your loan application. However, if your credit report shows that you have many overdue records that have never been paid off, your loan application is almost zero. Not to mention the loan, it is difficult to apply for a credit card.
Finally, the compensation record: the so-called compensation record is the repayment record formed by the guarantor instead of repayment because the executed person has no repayment ability. Generally speaking, from this point, banks can judge that the applicant has no ability to repay the loan at all. If the bank passes the borrower's application, it means that the bank will bear huge risks. As long as you are not stupid, banks will basically not apply for loans with compensation records.