The influence of credit card use on mortgage loan
1. I bought more credit cards, but I couldn't buy a house.
I saw a news before: I bought a house and went to the bank to apply for a mortgage, but I was ruthlessly rejected! But this person has no overdue record. How did he get blacklisted by the bank? Questioning the reason, I found that it was his seven credit cards that caused the disaster.
It turned out that it was because multiple credit cards were processed continuously, and the credit information was checked by the bank 10 times, which directly left a bad impression of "money shortage" for the bank.
Therefore, although credit cards are good, don't be greedy, especially those who need loans to buy a house or a car. It is recommended to apply for about three credit cards.
2. If the credit card is not activated, you will be in big trouble.
Even if the credit card is not activated, it may affect your personal credit record and indirectly affect your mortgage and car loan. Li Ge tried this himself. I checked my credit report in official website and found that the credit card that was not activated before was among them.
In the credit report, you will list in detail the number of credit cards you hold, the bank where you opened the account, the amount, the average amount used in the last six months and the repayment for 24 consecutive months. Bank staff see a lot of card opening records in your file, and their inner activities should be like this: if they apply for credit cards so frequently, they should be short of money, and the mortgage may not be paid; Many credit cards are marked with high debt ratio and high default risk, which may increase our bad debt rate. Therefore, for credit cards, if you don't need them, you'd better apply carefully! ! !
3. The remaining unpaid amount exceeds 50% of the credit line.
A large amount of remaining repayment means that the cardholder has a large number of unpaid bills that are not overdue. For example, the credit card limit in Li Ge is 20,000 yuan, but due to unreasonable consumption, the available limit is only 1000 yuan, that is, the bill amount is 1900 yuan. Of which 10000 yuan will be repaid in installments, and the remaining 9000 yuan will be repaid at the minimum repayment amount every month.
In this case, not only the interest and handling fee are high, but the bank will also suspect that the cardholder's financial crisis is serious and the risk is great, so it is not suitable for lending. If you apply for a mortgage at this time, it is easy to be rejected by the bank.
4. A high credit card amount is more likely to affect the mortgage.
It is understood that the high credit card amount is actually the loan amount approved by the bank in advance for the cardholder. If you use this amount, it is equivalent to using a bank loan. If the cardholder has a large bill installment, it is best to return the bill installment in advance, otherwise it will easily affect the mortgage approval.
5. Multi-card staging at the same time
In today's society, many cardholders hold more than one credit card, and some even have four or five credit cards, each with a bill installment. We know that the personal credit report is updated every month, and the cardholder's repayment record will not be updated unless it is overdue. When applying for a mortgage, the bank will check the personal credit report. If the bill is multi-period, the bank will think that the cardholder has more debts and higher risks. Therefore, it is often difficult to pass when approving mortgages.
6. Impact of overdue credit card on mortgage.
Once the credit card is overdue, it will be kept in the credit report for 5 years. When reviewing mortgage loans, many banks will focus on the credit records of the past two years, including the repayment of loans and credit cards, administrative punishment records and so on. The overdue records two years ago have little impact on the mortgage.
However, not all overdue loans can not be applied. Depending on the severity of the overdue situation, the bank will give different answers. As long as it is not seriously overdue, there is still a chance.
If the mortgage applicant has a good credit record within 2 years, the bank will issue the loan. There are not many overdue times within two years, and banks are more tolerant. Generally, they will increase the down payment ratio or mortgage interest rate. For three consecutive overdue or accumulated six times in two years, the bank will directly reject the mortgage application.