1. Positive answer

If the overdue record is deleted three times in the personal credit report, you can apply for a loan later. Because the personal credit report returns to normal, the user can apply for other applications. Credit business.

2. Specific analysis

While the overdue debt has been paid off and the overdue record has not been deleted, or the user has not paid off the overdue debt, as long as the overdue record is still retained. During the credit report, users will not be able to successfully apply for other loans.

Most loans require authorization to check the personal credit report when applying. If there is an overdue record in the credit report, it is a bad credit report. A bad credit report does not meet the loan application conditions.

No matter what kind of loan it is, one of the loan conditions requires the applicant to have good credit.

Loan overdue records can be deleted. After paying off the overdue debt, the overdue records will be automatically deleted from the credit report after 5 years.

For users, having three overdue records in their credit report not only affects the user's application for other loans, but also has a negative impact on the user's daily life such as job hunting and civil service examinations.

Online loan big data can clearly reflect users’ recent applications for online loans, whether online loans are repaid on time, whether identity information is suspected, etc.; you can search for "Beijian Quick Check", etc. Check with a credit inquiry tool and get a detailed risk report.

3. Can I buy a car in installments if my personal credit is not good?

You can buy a car in installments if your personal credit is not good, but your car loan application may not be approved. In order to maximize the success rate of buying a car in installments, you can do the following things.

1. Submit complete loan information. When buying a car in installments, you can submit proof of income, proof of personal assets, credit report and other information. Prepare the loan materials properly within the scope required by the lending institution. Do not If there are any omissions or errors, let alone false loan information.

If your credit report is not very good, you can consult the lending institution to see if it will affect your installment purchase of a car. Sometimes bad credit does not necessarily affect your installment application. You can apply in advance Be understanding.

2. Do not check your credit report frequently. Bad credit is not necessarily due to overdue bad loan records left on the credit report. It may also be due to the fact that more credit activities have been carried out recently. There are many loan records and credit inquiry records on the credit report, which will make the lending institution feel that your financial ability is poor.

In this case, do not continue to authorize other agencies to check your credit report, and try not to apply for other loans. Let your credit report slowly be repaired before buying a car in installments.

3. Reasonably choose the loan period. Because your credit is not very good, the lending institution may be worried about future repayment issues, so you should be more cautious when choosing the loan period. If the installment period is longer, the platform’s The greater your concerns will be, which may increase the lender's concerns. You can choose the number of installments reasonably based on your actual situation.

4. Increase the down payment ratio. When applying for a car loan, you can increase your down payment ratio as much as possible. This can minimize the negative impact caused by credit problems. After the down payment ratio is increased, you can effectively reduce the impact on your credit. The demand for car loan lines will reduce the lender's concerns, which can increase the success rate of buying a car in installments.

5. Get in touch with other lending institutions. Different lending institutions have different strengths in car loan review. Before buying a car in installments, you can contact several more lending institutions. Some institutions have different review strengths. It's not that strict. For example, the manufacturer's financial review is more relaxed. You can contact several more lending institutions, and maybe you can still buy a car in installments.

6. When looking for a third-party guaranteed loan, you can also find some individuals or institutions with relatively good qualifications to guarantee the loan for yourself. If the car loan institution accepts this loan method, as long as a suitable guarantor can be found, Then the car loan institution will naturally relax its requirements for you, and you can smoothly buy a car in installments.

7. Make sure you don’t have too much debt. If you want to successfully buy a car in installments if your credit report is not very good, it is best not to have too much foreign debt. Too much foreign debt will intensify the lending process. They will worry about future repayment pressure and thus refuse the loan.

Therefore, if you have too much foreign debt that has not been settled, you can first reduce your debt ratio before buying a car in installments.

It can be seen that you can try to buy a car in installments even if your credit report is not very good, but whether you can succeed in the end still depends on the review results of the lending institution.