Three overdue credit cards will affect your mortgage loan.

Details:

1. Overdue credit card refers to failure to repay credit card debt on time. The more overdue times, the worse the credit record.

2. When applying for a mortgage, the bank will evaluate the borrower's credit record. Past due records show that a borrower has not paid their debts on time and therefore can have a negative impact on a mortgage application.

3. When banks consider whether to approve a home loan, they will take into account the borrower's credit history, income status and other factors. Three overdue credit cards may cause the bank to consider the borrower's repayment ability and credit risk to be higher, thereby reducing or rejecting the possibility of a mortgage application.

Summary:

Three overdue credit cards will have a negative impact on the mortgage loan and may cause the bank to reduce or reject the borrower's mortgage application.

Extended information:

Credit record is an important basis for financial institutions to evaluate the credit status of borrowers. Overdue records, amount owed, repayment ability, etc. will all have an impact on credit ratings. Credit information is mainly collected and managed by the Credit Reference Center of the People's Bank of China. Each bank will inquire about the borrower's credit record when approving loans. Therefore, it is very important to maintain a good credit record. Avoiding late repayments is one of the keys to maintaining personal credit.

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