How much debt is the average personal credit?
The personal credit report shows that the debt is high. There is no specific standard for this, and it depends on the debtor's income. Generally speaking, the personal debt ratio is not high if it does not exceed 50%, while some banks have strict requirements on the debt ratio and will require borrowers to have a debt ratio of not more than 30%. Personal debt ratio is also easy to calculate, that is, the proportion of personal debt to monthly income or annual income. If the borrower's debt ratio is too high, but the value of the items that can be used as collateral under the borrower's account is high, then when the borrower goes to the bank to apply for a loan, the pass rate will be much higher.
Does personal credit information have liabilities that affect loans?
Personal credit report has the responsibility to affect the loan. Whether there are overdue records in credit investigation and whether the debt ratio in credit investigation is too high are two indicators that are highly valued when approving loans. These two indicators respectively reflect the borrower's willingness and ability to repay. Personal debt ratio refers to the proportion of personal debt to total assets. For banks, it is a good thing to have a certain debt on personal credit information, which indirectly shows that the borrower's consumption ability, income ability and credit status are good.
However, if the personal credit report shows that the debt ratio is too high, then for banks and loan companies, the risk of overdue repayment or even bad debts of borrowers will increase a lot, especially in the case of low income of borrowers, general financial institutions will judge that borrowers have insufficient repayment ability and refuse loan approval. Therefore, if the debt ratio in the credit report is not very high, it will not have a big impact, but it will have an impact if the ratio is high.