First of all, the credit card is overdue for 8 times, which means that the applicant has obvious bad records in the credit record. When reviewing loan applications, banks usually make a comprehensive evaluation of the applicant's credit history. Having multiple overdue credit card records will reduce the applicant's credit score and credit rating, thus affecting the loan approval results.
Secondly, eight overdue credit cards also reflect the applicant's bad debt management ability. If a person's credit card fails to repay many times, it may mean that he can't effectively manage his personal finances, lacks repayment ability and has a tendency to default. When considering a loan application, banks will pay attention to the applicant's repayment ability and willingness to borrow, and 8 overdue credit cards will seriously hit this evaluation.
Finally, according to the situation that the credit card is overdue for 8 times, the applicant's credit record has been seriously damaged. Even if the possibility of obtaining loan approval is low, if the loan is approved, it may be necessary to pay higher interest rates or provide more guarantee measures. This will lead to unnecessary risks and extra burdens, making it more difficult to buy a house.
To sum up, the overdue of eight credit cards will seriously affect the chances of the applicant borrowing to buy a house. It is suggested that applicants actively improve their personal credit record and debt management ability, improve their credit rating through reasonable repayment and standardized financial behavior, and increase the possibility of obtaining loans.
Extended data:
Credit records play an important role in applying for loans and buying bulk consumer goods. A good credit record can strive for a better credit line and a more favorable loan interest rate for applicants. However, bad records such as overdue, default and default of credit cards will have a negative impact on the credit score, thus affecting the loan application results. When banks and other financial institutions evaluate loan applications, they will judge the repayment ability and credit risk according to the applicant's credit record, so it is very important to maintain a good credit record.