Different banks and financial institutions have different policies on overdue credit cards, but being overdue five times in a row will have a greater impact on your personal credit record, which may affect your application for a mortgage loan.

Details:

1. Overdue credit cards for 5 consecutive times will cause damage to your personal credit record and a drop in your credit rating. Banks will refer to an individual's credit history when approving home loans, and low credit ratings may be considered high-risk customers.

2. Credit rating has an important impact on the interest rate, amount and approval speed of mortgage loans. A low credit rating can result in higher mortgage interest rates, reduced loan amounts, or denials.

3. Banks usually focus on the applicant’s repayment ability and credit history. Five consecutive late payments may indicate a lack of good repayment history and debt management skills, which can reduce an applicant's reliability and borrowing ability.

Summary:

Being overdue five times in a row will have a greater impact on your personal credit record, and you may encounter difficulties when applying for a mortgage loan. Banks prefer to work with borrowers who have stable repayment capabilities and good credit records.

Extended information:

Credit record is composed of personal repayment record and debt information, which represents a comprehensive assessment of personal credit status. Banks will refer to credit history when approving loans to assess an applicant's credit risk.

Individuals can actively improve the impact of overdue records on credit, including repaying overdue amounts in a timely manner, establishing good repayment habits, and controlling debt levels. This can gradually restore your credit and improve your chances of getting a mortgage.

It should be noted that when answering the question, in the absence of specific conditions, it is impossible to determine whether you can apply for a mortgage. Different banks and financial institutions have different policies and approval standards, so it is recommended to consult the relevant bank for more accurate information.