Loans are the first choice for many people who are in urgent need of cash flow, but not everyone can successfully obtain a loan. In addition to the ability to repay, they must also have good credit. It's often difficult to get a loan if you have bad credit or credit history. Lately, many people are actually paying for credit information. The secret lies in the collection of 2020 loan strategies compiled in this article. You can refer to it.

I can’t believe I handed in all my credit information?

First, it is difficult to pay for a credit report!

We know that credit checks often cost. The main reason is that there are many credit card and loan applications in a short period of time, resulting in frequent credit inquiries from different institutions. For example, a typical credit check is twice every three months and five times every six months.

This will make the institution think that the borrower is short of money and in urgent need of loan turnover, and judge that its repayment ability is insufficient. But this is precisely the important reference factor for loan approval, and it will not be surprising if the loan is rejected.

Two. Collection of Credit Loan Strategies

According to the normal way of thinking, when credit investigation requires a loan, the credit investigation will take a while, at least 3 months. During this period, credit card and loan applications will be stopped. Loans and credit cards that have been processed must be repaid on time, and credit records must be kept. Loans can be taken out after the impact of the credit report is reduced.

But if you are in urgent need of cash flow and time is precious, you might as well try these methods.

1. Agent change application.

If you have applied for a loan from the four major state-owned banks before, you will not let go of any bad credit or credit lapses. It can be changed to a joint-stock commercial bank loan. A bank that has business transactions, such as paying wages, having deposits, buying financial products, funds, etc. is preferred. Credit reporting flowers are better. If banks can't pass it, there are private loans and online loans, but the interest rates will be higher than those of banks.

2. Credit card loan

If you have a good card with a usage period of more than one year, you can also apply for a loan, such as China Merchants Bank E-Loan, Minsheng Minsheng, and CITIC New Express . In particular, people's livelihood and people's happiness will be affected regardless of overdue debt or debt. If the bank makes multiple payments without overdue payment, collection fees will also be paid, up to a maximum of 300,000.

3. Processing mortgage loans

If you have property rights in your name such as real estate, cars and real estate, you can provide the option of applying for a mortgage loan so that the bank has any repayment ability. Even if there is a high chance that the credit card will be repaid, and there is collateral as a guarantee, the risk of bank lending is low, and the higher the loan amount you give, the lower the interest rate.

4. Provide provident fund credit loans.

Minsheng Bank, China CITIC Bank, China Merchants Bank, and Guangfa Bank all have provident fund credit loans. As long as the borrower's provident fund payment status is normal and the term and amount meet the conditions, credit money can also be loaned. The important thing is that it will not affect the provident fund loan to buy a house. Related Q&A: Is it advisable to enjoy Huashang Credit Report 2021?

In the early days of Yixianghua’s loan, it was true that there was no credit check or credit reference. Many customers with poor qualifications successfully applied for the loan. However, after the system was upgraded, not only did this loan become Check the credit bureau, and also go to the credit bureau. However, the credit requirements for this loan are not high. As long as your credit report is not overdue, you can apply. Customers who apply for a loan should pay attention to the contract. If a consumer finance company or a local bank lends money, then it will definitely be followed up. Go to the credit report. In addition, Yixianghua will also query the big credit data of customers from Baihang. Therefore, customers with poor credit data from Baihang will also have a great impact on applying for loans. Related Q&A: What should I do if my credit report is spent?

Thank you! I have taken out a lot of online loans, and there is a lot of information on my credit report. Although it is not overdue, my credit report has been spent. This affects the application for credit cards and the processing of home loans and car loans. But there are a few points that the questioner needs to be clear about:

Print the People's Bank of China credit report and analyze the specific issues in the credit report

I have applied for a lot of online loans, but how many of them have been credit-reported? The person asking this question needs to carefully check the People's Bank of China's credit report (just bring your ID card to the local People's Bank of China to print it out). The purpose of checking the credit report is to determine the specific issues on the credit report, not just a single sentence of credit report. Just do it.

For example: how many online loans are on the credit report, whether they have been settled, and how long it will take to repay them; credit card usage, how many credit cards are there, whether it is overdue, and what is the debt ratio; When applying for so many online loans, does your work and personal information change? How many approval records are there?

This information will affect your subsequent application for a credit card or mortgage or car loan!

Check your online loan big data

This is what we often call online loan credit information. How to check it? I won’t talk about avoiding advertising here. If you don’t understand, you can send a private message for consultation! Why check online loan data?

Now is the era of credit bureaus. Even if many online loans are not on the credit bureau now, they might be on the credit bureau one day. It is rumored that the new version of the credit bureau will also be launched at the end of the year. The information recorded in this record is more detailed! So check the online loan credit report to see what the problem is, and then try to solve it.

How to optimize your credit score when applying for a credit card, home loan or car loan?

We have talked so much before, the purpose is to find out the factors that affect card application and mortgage loan, and why to prepare for the next operation. There are 4 key factors that affect card application and mortgage loan:

1. Total credit and debt ratio

The debt ratio is relatively easy to understand. A high debt ratio will definitely affect the approval of card loans. We can reduce the debt ratio through zero bills or installments;

Many friends may not have heard of total credit, which is the maximum credit line that a bank can give you based on your qualifications. There is a formula for calculating total credit:

Total credit = monthly salary X 20 Times

Of course, this is a general situation. If you have corresponding assets, you can still raise it. We check the credit report and compare the formulas. If the total credit limit is too high, we will find ways to increase your qualification certificate or eliminate low-limit cards.

2. Overdue records and query records

The subject of the question has many online loans but they have not been overdue, and the credit cards have not been overdue. However, it is better to continue to maintain a good repayment record. That’s it.

Even if the subject is not overdue, it will definitely cost a lot to check the record, because every time we apply for a credit card or loan, an approval record will appear on the credit report. Too many approval records in a short period of time will definitely affect the application for the card. and mortgages.

The optimization method is also simple, just control your hands and don’t apply for a credit card or online loan within 6 months.

Summary

What should you do if you spend money on your credit report? Instead of asking questions online, just look at the answers. The key is to check and analyze the credit report report to find out where the "spend" on your credit report is. ? That is to say, our card usage behavior and online loan behavior are reflected in the credit report. Which aspect will affect our subsequent card loan application, and then we can prescribe the right medicine and implement it.

I won’t go into the application for a credit card, it’s relatively simple, but applying for a home loan requires at least half a year of preparation, and a year if your credit report is bad!