Friends who have applied for a credit card should know that personal credit and sources of economic income are the two key points when a bank approves a credit card. If the applicant has a good credit information and a high work income, the success rate of applying for a card and the amount of credit card will be higher. On the contrary, if the applicant has a poor credit information and has no repayment ability, the bank will often refuse your application. But what many people don't know is that excessive personal debt is also one of the factors that affect the success of credit card approval. So what credit card can you apply for if you have too much debt? The way to improve the success rate is here!
It is understood that after the applicant submits a credit card application, the bank will call out the applicant's credit report, and will not only check whether the applicant's credit record is good, but also comprehensively evaluate the applicant's debt status. If the debt ratio is too high, the bank will question the applicant's repayment ability and refuse the credit card application. So what kind of debt ratio is high? Generally, it is calculated in this way: all liabilities (including credit cards and loans)/(income * base), if the debt ratio is above 5%, belong to high-debt users.
Speaking of which, many friends want to ask, how can I apply for a credit card if my personal debt is too high? The first thing we should do is to improve our personal qualifications as much as possible, reduce personal debts, settle some loans or cancel some credit cards that are not commonly used. If you have a good personal relationship, you can choose to borrow money to pay off your debts, and then share your debts every month, but it is best not to raise cards with cards and raise loans with loans, which will increase your debt ratio. Secondly, you can choose some banks with lower threshold for handling cards, such as Huaxia Bank, Shanghai Pudong Development Bank, China CITIC Bank and China Everbright Bank, and the success rate of applying for cards will be higher.
ok, how to apply for a credit card when you have too much debt? The secret of applying for a card for people with high debts! " All kinds of questions, the detective answered here today, hoping to help users who are going to apply for credit cards, and hope that everyone can apply for their favorite credit cards as they wish.