Being late on a credit card three times may affect your loan, but the effect depends on the circumstances.

Detailed description:

1. Credit record: Overdue credit card repayments will leave a bad record in the personal credit record, and lending institutions tend to review the applicant's credit history. If the number of overdue payments is high or the overdue period is long, it may have a negative impact on your loan application.

2. Credit score: Overdue credit card repayments will lower your personal credit score. Credit score is an important indicator for lenders to evaluate an applicant's credit risk. A lower credit score may result in a reduction in loan limit, an increase in interest rates, or the rejection of a loan application.

3. Repayment ability: Lending institutions focus on the applicant’s repayment ability. Late credit card payments indicate problems with managing personal finances and may affect loan approval.

Summary:

Being late on a credit card three times can have a negative impact on your loan because it leaves a bad credit record, lowers your personal credit score, and reflects on the applicant's ability to repay. . However, the specific impact varies depending on individual circumstances, including factors such as the number of overdue payments, the length of overdue payments, and credit scores.

Extended information:

Lending institutions usually use personal credit reports to evaluate an applicant's credit status. Overdue credit cards will be recorded on your credit report and remain there for a period of time. According to the "Interim Provisions on the Management of Basic Databases of Personal Credit Information", under normal circumstances, overdue records will be kept in credit reports for 5 years. Therefore, past due credit card payment history may be taken into account when applying for a loan.

However, loan approval does not only rely on overdue credit card repayment records, but also considers other factors, such as income status, employment status, guarantor or collateral, etc. Lenders may be more lenient with delinquencies if the applicant is otherwise in good standing and can provide adequate proof and explanations for repayment.

Important note: The above information is for reference only, and the specific impact will vary depending on personal circumstances and lending institution policies. It is recommended to make timely repayments and maintain a good credit record to ensure a smooth loan application.