Friends who have applied for a credit card should know that poor credit information and low salary have always been two major obstacles to applying for a credit card, but many people think that as long as the work is stable and the credit information is not overdue, the application will be successful. In fact, the high personal debt ratio is also one of the main reasons for the failure of credit card application. Because for banks, a person's debt is too high, which means that his overdue risk is relatively large, and his repayment ability is not proportional to the loan amount, which will naturally shut him out. So how should people with high debts apply for credit cards? Let's meet today!
Can I apply for a credit card if my debt is too high? Generally speaking, if the difference between the total amount of existing credit cards and the annual income is too large or the debt ratio exceeds 70% of the monthly income, the applicant will be judged as a risk user. For banks, such people are at greater risk of default, so the pass rate of credit cards will be lower. If you want to successfully apply for a card, you need to do the following:
1. Provide sufficient financial proof: The reason why banks are unwilling to issue cards to people with high debts is actually that they are worried that they do not have enough repayment ability. Therefore, as long as the applicant can provide the corresponding financial proof, such as provident fund social security, real estate and automobile production, bank deposit certificate, etc. It will make the bank recognize your repayment ability.
2. Set up another bank: As a state-owned bank, the four major banks, namely Agricultural Bank of China, Industrial and Commercial Bank of China, China Construction Bank and Bank of China, have relatively high card threshold. If everyone's card application is rejected, it is better to apply for a credit card at a commercial bank, such as China Merchants Bank, Industrial Bank and China CITIC Bank.
3. Reduce personal debt: In fact, the most fundamental way is to reduce your personal debt ratio. First, get rid of some large debts. If you have money, you can pay it off directly. If you have no money, let's see if we can handle the bills by stages and share the debts equally. Then cancel some credit cards that are not used frequently. These methods can effectively reduce the debt ratio.