There are certain risks in multi-head credit granting. Under unexpected circumstances, some credit card users think that multi-head credit granting is not a big problem, but banks don't think so.
It is important to know that multiple credit lines will lead to excessive accumulation of credit lines for cardholders. Once the cardholder is unable to repay after a large amount of overdraft, it is prone to bad debts and bank funds may not be recovered. Therefore, considering the risks, banks will not easily approve the cards or loans of multiple credit applicants.
After understanding the meaning of multi-head credit, what are the solutions to multi-head credit? There is only one solution, and that is to eliminate multi-head credit. We need to know whether too many credit cards lead to too many loans or too many loans.
1. If it is due to credit card authorization, it must be cancelled by canceling the credit card.
However, credit card cancellation is not arbitrary cancellation. First, cancel useless credit cards, then cancel small cards, and then cancel those credit cards that are difficult to recover. Here is a warm reminder that the credit cards of the four major state-owned banks are best kept well, because most banks will play a role in handling auto loans and mortgages.
2. If it is because of the multi-head credit extension of the loan, it is necessary to settle the loan.
It is suggested to start with some online loans, such as ant loan and JD.COM loan. Used for credit reporting, so use less. Remember to ask financial institutions to issue a loan settlement certificate after the loan is settled, and some banks will ask for it.
The above content is about the meaning of multi-head credit and the solution of multi-head credit. For individual investors, the risk of multi-head credit will affect financial activities such as loans and credit cards in the later period and hinder individual economic activities.