First of all, overdue credit cards will have a negative impact on personal credit records, which will be reflected in personal credit scores. If the overdue situation is serious, the credit score may be lowered, which will adversely affect the loan application. Lending institutions usually evaluate individuals' credit records and credit scores to judge their repayment ability and credit reliability.
Secondly, lending institutions will pay attention to the borrower's repayment ability when approving loan applications. If the overdue credit card leads to insufficient personal cash flow and cannot repay the loan principal and interest on time, then the lending institution may refuse its loan application. Lending institutions are more inclined to provide loans to borrowers with good repayment records and stable income.
Finally, different lending institutions have different tolerance for overdue credit cards. Considering other factors such as the borrower's job stability and asset status, some institutions may be more tolerant. However, under the strict overall lending environment, overdue credit cards will have a greater impact on loan applications.
To sum up, overdue credit cards will have a certain impact on the purchase of real estate loans. It is suggested to solve the problem of overdue credit cards and restore a good credit record before applying for loans. In addition, timely repayment and good credit behavior are also important factors to ensure that you can borrow money to buy a house.
Extended data:
Credit score is a comprehensive value calculated according to personal credit records and credit behavior, which is used to evaluate personal debt repayment ability and credit reliability. Credit scoring often involves financial institutions, credit reporting institutions and payment institutions, but there may be differences in specific credit scoring algorithms and standards.
A loan is an act in which a borrower borrows money from a lending institution for purchasing real estate or other purposes. In the loan application, the lending institution will evaluate the borrower's repayment ability, decide whether to approve the loan after examination, and set the loan interest rate, repayment method and other conditions.
Credit record is a document that records personal credit behavior and repayment records. The borrower's credit records include personal credit card usage, loan records, overdue records, etc. Lending institutions usually check borrowers' credit records when approving loan applications to assess their repayment ability and credit reliability.