Why is the credit card processing rejected?
Everyone should know that the credit card approval bank will check the credit report and understand the applicant's credit, repayment ability and job stability. If the approval is rejected, there may be problems in these aspects.
1. Bad credit record: generally, it is easier to obtain credit information if it is black or white, but if it is black and overdue at present, it will be rejected directly. And if it is too expensive, it will make it more difficult to apply for a card, and even be rejected because the repayment ability is not optimistic.
2. Unstable job: The personal information in the new credit report records everyone's social security accumulation fund deposit, as well as the work unit and time, so it can be seen that applicants who have worked for at least three months or even one year are generally considered to be stable, and there is no internship for three months, so the repayment ability of such people may be insufficient.
3. Highly indebted: Some people may earn tens of thousands of dollars, but they have to pay back thousands of dollars every month. Obviously, people who are heavily in debt may not be able to repay them. Many people are rejected because of the high debt ratio, which means that there is a great risk of overdue.
What is the impact of the rejection of credit card approval?
As mentioned above, the credit card approval will be investigated, and the credit report will leave a record of credit card approval, which is a hard query record of loan approval and guarantee qualification examination.
It doesn't matter if the number of such records is small. Once it exceeds 1 month 5 times, 3 months 8 times, 6 months 10 times, it will turn the credit information into a flower, which is not conducive to subsequent card loans.
The above is the introduction of "Why the credit card was rejected", and I hope it will help everyone.