1. Is it necessary to pay off all the credit cards for commercial loans?
You don't have to pay off all your credit cards, but at least you can't fail to pay them back within the time limit, because if you do, the bank will think that your credit is bad and your business loan application will fail.
2. Should I pay off the credit card bill after the mortgage approval?
If I plan to apply for a personal loan in our bank, I will refer to your debt and credit record. Whether the final approval can be passed is comprehensively evaluated based on the business type, personal solvency, credit status and other factors you apply for, and can only be determined after being approved by the outlets. It is recommended that you provide relevant application materials and contact the personal loan department of local outlets for further verification.
third, do you have to pay off the credit card when you apply for a mortgage?
No, as long as the lender's credit card is used normally and paid off on time, it will not affect the mortgage application. The bank's approval of mortgage is mainly to comprehensively evaluate the individual's economic income, bank flow, assets and liabilities, credit information and so on. : Credit card use has an impact on mortgage as follows. Credit card usage: Before applying for a mortgage, the credit card usage limit should be controlled. Generally, the credit card usage limit should not exceed 5%, and if there is a credit card installment, you need to pay off all of it before you can apply for a mortgage. In case of installment, the bank will judge that your repayment ability is not strong and it is easy to be refused a loan. There are too many credit cards. For example, if you have more than a dozen credit cards in your name, these credit cards will be displayed in your credit report, regardless of whether you use or not, and it will also increase your credit card debt ratio, which is not conducive to approval. Credit cards have overdue records, and it is necessary to read personal credit report when applying for loans, so credit reporting plays a very important role in loan business. If there is a bad record, it is easy for banks to refuse loans, or if the overdue period is not serious, it will also affect the credit line and loan interest rate. There are many kinds of overdue, but a small overdue within one month, or two years ago, basically has no impact. After all, mortgage is a mortgage loan. But short-term overdue, or overdue for a long time, more than 3 months, will have a great impact! If there is room for bargaining in a new house, the credit card withdrawal will only show post-loan management, not credit card approval. Post-loan management will hardly affect the mortgage! Just like my last article, "The credit card has a recommended amount, but the withdrawal fails. What's the matter? There is a recommended quota, which can be clicked. It also shows that post-loan management has nothing to do, but not all banks will display post-loan management once. Although the article is a photo of BOC, BOC shows post-loan management once at a time. But it doesn't matter! But the second-hand house will be very sad unless you spend money to find someone.