Will having too many credit cards affect my loan?

If you have too many credit cards, as long as you use them normally, there are no overdue payments, and you repay them normally, it will generally not affect your loan. Information that individuals need to provide when applying for a bank loan: ① Loan application form; ② Identity cards (personal ID cards), household registers, and marriage certificates of both spouses, originals and copies; ③ Opinion letter from someone with property rights who agrees to the loan; ④ Both spouses Occupation (personal occupation), income certificate, family property status and other information (work certificate, bank statements, property rights certificate, vehicle driving license, etc.); ⑤ Proof of fixed place (property certificate and water, electricity, gas, etc. within the last three months) Documents); ⑥ Loan contract. Will frequent credit card swiping affect my loan? Don't worry too much!

Everyone is accustomed to using credit cards for payment convenience, and many users have more than one credit card. Someone asked me whether frequent credit card swiping will affect my loan? So let’s briefly talk about this issue. I hope it will be helpful after reading it.

Will frequent credit card swiping affect my loan? If the user frequently uses a credit card, it will not directly affect the loan. On the contrary, it will increase the number of transactions with the bank through consumption, which will be helpful to apply for a loan at the bank where the card is applied for. Of course, the premise is that the repayment is normal after the credit card is swiped. There is no overdue behavior, nor are there frequent or repeated minimum repayments, grace period repayments, etc. In addition, if the user's economic income level is average, it is not recommended to frequently use credit cards for large amounts or even overdraft. This will make the bank think that the user's debt is too high and the repayment ability is average. Once a subsequent loan is issued, it is very likely that the user will not be able to repay the loan. Large, thus leading to loan approval rejection. At the same time, it is recommended that users, in addition to increasing their income, whether they are applying for a credit card or a loan, it is best to do what they can and not exceed their capabilities. Otherwise, if they fail to pay in the future, they will run the risk of overdue credit reporting and debt collection. , so be sure to think about it carefully. The above is the answer to the question "Will frequent credit card swiping affect the loan?" Generally speaking, there is no direct negative impact on the normal use of credit cards. It mainly depends on whether the credit card swiping behavior has caused high debts or overdue credit card repayments. These aspects will directly reflect the applicant's repayment ability and repayment ability. How's your credit score? Will frequent use of credit cards affect loan approval?

Having too many credit cards will affect loans, mainly in the following aspects:

1. Loan approval:

If you hold multiple credit cards, you will inevitably have late repayments, which will lead to a bad credit record. When banks approve loans, they will check your personal credit history and may be rejected if you have a bad record.

2. Loan limit:

If you hold multiple credit cards and each credit card has a usage record, even if you repay on time, the bank will think that your repayment is If the burden is too heavy and the debt ratio is too high, a lower loan amount will be approved.

1. One overdue credit card is a reasonable range and will not affect mortgage loans. However, now the banking industry generally adopts tightening policies on mortgage loans, and the preferential interest rates for first home loans are basically gone (this has no direct relationship with whether the credit card is overdue or not). Now banks Mortgage interest rates basically rise based on the benchmark interest rate, which is a common situation in the current housing loan market.

Second, if you have too many credit cards and the limit is too high, you will not be approved for a mortgage loan. If residents have a good credit record, it will also have a very positive impact on their future economic lives such as buying houses, buying cars, and borrowing money. On the contrary, if there are still unpaid debts and you are planning to apply for a personal loan, "credit record" and "repayment ability" will be one of the important options for review. Whether the final review can be passed is based on a comprehensive assessment based on the business type you applied for, personal solvency, credit status and other factors, and can only be determined after approval by the handling outlet. It is recommended that you provide relevant application materials and contact the personal loan department of your local outlet for further verification.

1. Reduce unnecessary credit cards, cancel them, spend reasonably and repay on time.

2. If the loan applicant and his/her spouse have overdue credit card overdrafts, the loan application will not be accepted; if either spouse is overdue for 6 consecutive periods or more within two years before the lender applies for the loan, the loan will not be granted. .

3. The state-managed provident fund has improved the standards for the use of credit records. If the loan applicant and his or her spouse have overdue loans that have not yet been repaid, or have overdrafts on credit cards or quasi-credit cards that have not been repaid, the loan application will not be accepted.