How long can I get a credit card when the debt ratio is reduced?
As mentioned above, the high debt ratio in credit information will affect the application of credit cards, but the bottom line of debt ratio varies from bank to bank, with strict requirements not exceeding 50% and loose requirements not exceeding 70%. Regardless of the bottom line, the only way to reduce the debt ratio is to settle the debt through repayment.
Many people think that they can apply for a credit card immediately when they see that their debts have been paid off. Here, I suggest waiting for a few days. Because after the debt is paid off, the institution will collect everyone's repayment records, which will be reported to the credit information center at T+ 1 and updated in real time. That is to say, the repayment will be made on the same day, and it will be updated tomorrow. The specific update time is not clear. It is best to apply on the third day.
However, it should be noted that the reduction of debt ratio can reflect the repayment ability of the applicant to a certain extent, which is conducive to the approval of credit cards. However, the debt ratio is not the only reference factor for credit card approval, and the applicant's credit information is also very important. Even if the applicant doesn't have any debts, it is difficult to get a credit card because of poor credit information.
Therefore, in order to successfully approve the card, the applicant should do both. While ensuring the repayment ability, you should also have a good personal credit record and properly use some card handling skills, such as handling cards with cards, withdrawing cash, and moving bricks to handle cards. Choosing the appropriate card level and card type will greatly improve the card approval rate.
The above is the introduction of "how long can I get a credit card when the debt ratio is reduced". I hope it will help everyone.