1. What does loan approval, credit card approval and loan management mean in the credit report?

Loan approval means that you have applied for a loan, the lending institution checks your credit report, and the credit card approval Same reason. There is also post-loan management, which means the institution that gave you the loan checks your repayment status

2. What do the loan approval, credit card approval and loan management in the credit report mean?

You will often see loan approval, credit card approval, and post-loan management in the inquiry details of the credit report. This means that the bank is checking the credit report of the borrower or applicant. The reason for the query is selected when. Loan approval: Loan approval means applying for a loan from the bank. For example, when applying for a home purchase loan, the bank will first check the lender's credit report, so that the loan approval will be displayed. Other applications such as credit loans and mortgage loans from the bank will also The loan approval message will appear. Credit card approval: As the name suggests, you apply for a credit card from a bank. The bank checks the applicant's credit report in the name of credit card application. Post-loan management: Post-loan management means that the bank checks the information filled in the credit report when it lends money to the borrower or issues a credit card to the cardholder for later maintenance. For example, if the loan is overdue, the bank will check the credit report of the lender. See See how long it has been overdue to see whether it is necessary to collect money or whether the credit card limit needs to be increased or there are overdue payments. The bank will check the credit report of the borrower or cardholder.

3. Post-loan management and What does credit card approval mean?

Post-loan management is the final step in credit management and plays a vital role in ensuring the safety of bank loans and case prevention and control. Post-loan management is an important part of controlling risks and preventing the occurrence of non-performing loans. The specific form of post-loan management refers to the credit management activities after the loan is disbursed or the credit card is disbursed. Banks or other financial institutions will check your credit report at regular intervals after a credit card or loan is issued.

Credit card approval means that the credit card is under review, which means that the information has been received by the review center. After receiving the application materials, the bank's credit card promotion staff will transfer it to the credit card center review department. After the review is passed, the application will be processed. Can make cards.

Extended information:

Post-loan management considerations:

1. No matter what the reason is, the loan cannot be returned to the borrower (and spouse) bank For accounts, multiple online banking transfers will not work. If funds are monitored and returned to the borrower and related accounts, the loan may be forcibly withdrawn.

2. After the bank disburses the loan, the monthly repayments will begin immediately. Different banks have different repayment dates, so the first installment payment amount is also different. Some banks have fixed repayment dates. , such as the 1st or 15th of the next month. Some banks select the repayment date based on the customer's wishes.

3. Different banks have different requirements for early repayment. Most banks have no penalty for repayment after one year. A very few banks require repayment for five years. The details are subject to the loan contract.

Baidu Encyclopedia - Post-Loan Management

Baidu Encyclopedia - Credit Card

Baidu Encyclopedia - Approval

4. Credit Report Loan Approval What does it mean

The credit report showing loan approval means that a lending institution has inquired about your personal credit report in the name of "loan approval". The credit report can show our credit level and debt situation. Therefore, the lending institution will inquire the borrower's personal credit report when accepting the loan application. The "Loan Approval" inquiry record will also indicate the name of the inquiry agency. : In the early days of the establishment of China’s credit system, many people did not pay enough attention to personal credit and therefore overdue credit cards or loans. Since banks and workplaces will refer to these credit records, the long-term retention of negative information has a serious impact on the lives and work of these people. Since the relevant departments have not clearly stipulated the time limit for negative records, in the old version of the central bank's personal credit report, overdue records will be displayed no matter how many years ago they were. The new version of the credit report only displays consumers’ overdue records within the last five years.

In the past, citizens always complained that they could not understand personal credit reports because they were all tables and numerical codes. You had to refer to the notes to understand what each number meant. The new version of the report has changed the presentation method, which is mainly tables, and uses more text descriptions. Citizens can know at a glance which cards have been overdue and which repayments are normal. At the same time, the new version of the report also reserves a display area for information such as asset disposal and guarantor compensation. Loan approval is a process in which the person in charge of the credit business "identifies the facts, grasps the policies, and determines the loan" based on the loan application and pre-loan investigation opinions within the prescribed approval authority. Working capital loans implement a three-level approval system. Leaders in charge are responsible for decision-making on the results of loan disbursement. Fact determination means that the approver reviews the reasons and purposes of the loan provided by the enterprise and the loan officer, and correctly determines its nature. Master the policy, based on the identified facts and the credit policies determined by the state and superior banks, and ultimately determine whether to lend or not, and whether to lend more or less. Determining a loan mainly involves determining the loan amount, repayment period, interest rate and loan method. Some loan supervisors should also ask loan officers for follow-up investigation and monitoring. Any loan must adhere to the "two-sign" or "three-sign" loan approval principle. That is to say, each loan must be investigated by the loan officer and put forward preliminary opinions, and can only be effectively released after review and approval by the credit section chief. Loans with large amounts or that require "three signatures" according to regulations must be issued with the signature of the president. No individual may sign a wholesale loan alone.