1. If a credit card is overdue for more than six times within two years, you cannot apply for a provident fund loan

Personal credit card or loan is overdue for three consecutive months, or is overdue for more than six times within two years. In this case, you cannot apply for a provident fund loan. At present, when banks or provident funds handle credit business, they mainly rely on the credit record of the borrower in the past two years. Therefore, cardholders who plan to apply for provident fund loans to buy a house should not use credit cards easily for consumption, and must ensure timely repayment.

2. If the personal credit report is bad, the commercial loan interest rate will be raised

If some people who want to borrow money to buy a house have had many overdue credit cards, resulting in a bad personal credit report. Then you definitely cannot apply for a provident fund loan, and you can consider using a commercial loan. However, due to the impact of past bad credit records, most banks will increase the base interest rate by at least 10%. Of course, if your overdue payments are serious and frequent, the bank will not approve your loan application.

Therefore, I would like to remind everyone that no matter whether you want to take out a loan to buy a house, banks attach great importance to personal credit records. Bad credit records may also affect your credit card application or installment payment. If you have a bad credit record, don't blindly cancel the credit card you are using. Make sure you consume rationally and repay your credit card in full and on time. The bad credit record will be automatically eliminated after five years.