Is the credit report for credit card loans displayed? You will understand after reading this

Many banks' credit cards can also provide loans, but they are generally called cash installments, or special cash installments, which are considered a type of consumer credit loan. And we all know that bank loans will be shown on the credit report, but is this also true for credit card loans? Let’s take a look.

Is the credit report for credit card loans displayed?

Many friends who have checked the credit report know that the loan records in the credit report are divided into credit card records and loan records. The former records the information of all credit cards under our name, including monthly repayment amount and credit card credit limit. , used limit, repayment status, etc.; the latter records all loan information in the name of the central bank's credit report, such as lending institution, loan amount, repayment amount, and repayment status.

It stands to reason that as a consumer loan, credit card loans should be recorded in the loan records, but many cardholders find that they cannot be found in the loan records, thinking that they will not be shown on the credit report. In fact, this is not the case. Banks treat credit card loans as credit cards.

How to display the credit report of credit card loan?

There are two display methods according to the loan limit:

1. If it is a cash installment within the limit, it will not be recorded separately, but the occupied limit and monthly repayment amount will be recorded after processing. , will be included in the credit card's used limit and monthly repayment amount;

2. If it is a special cash installment beyond the limit, it will be recorded as an electronic credit card, and the used limit will be handled by us The loan limit, the total credit limit is the special limit given by the bank, etc. However, after the second-generation credit report goes online, some banks will include it separately in large special installments.

In short, credit card loans will be displayed on the credit report, but the display will be different depending on the loan amount, so everyone should pay attention to distinguish them.

Will credit loans affect personal credit reporting?

Credit loans are subject to credit reporting. As long as they are not overdue, they will not have an impact on credit reporting. Credit loans refer to loans issued based on the borrower's creditworthiness, and the borrower does not need to provide guarantees. Its characteristic is that the debtor does not need to provide collateral or third-party guarantees to obtain a loan based only on its own creditworthiness, and the borrower's creditworthiness is used as a guarantee for repayment. This kind of credit loan has been the main lending method of Chinese banks for a long time.

Consequences of overdue credit card repayment:

Consequence 1:

After a credit card defaults on high penalty interest, the penalty interest fee usually involved is recurring interest fee. and late fees. Revolving credit is essentially a small, unsecured loan that accrues interest on a daily basis. If the full amount is not repaid on the final payment date, revolving credit interest will accrue on the next statement, and it will start from the date the consumption is recorded. Calculate interest.

Except for ICBC, which imposes balance penalty interest, the other 12 banks still impose full penalty interest. Full penalty interest means that even if the customer repays part of the amount, the repayment portion will not be deducted when calculating penalty interest, and interest charges are usually calculated at a daily interest rate of 0.5%. In addition, some banks stipulate that within 15 days from the bookkeeping date, the daily interest rate will be calculated at 0.5%, and if it exceeds 15 days, the daily interest rate will be calculated at 10%. If it exceeds 30 days or the overdraft amount exceeds the prescribed limit, the daily interest rate shall be calculated at 0.01%. Fifteen calculations, the longer the arrears are, the higher the penalty interest will be.

Consequence 2:

Legal violent credit card collection has become a hot topic. Many bank credit card centers outsource credit card repayment collection to some so-called "debt collection companies". These companies vary in quality. Debt collection methods are relatively rough and cause great trouble to customers.

Not only that, defaulting customers may also face legal consequences. According to the provisions of the "Criminal Law", for malicious overdrafts of more than 5,000 yuan on a credit card, and the bank has not paid back after three months of collection, if the circumstances are serious, you may be held criminally responsible for the crime. For defaulting customers, entering the judicial process will not only affect their reputation, but also incur more costs. In addition to paying off the arrears, they will also have to bear litigation costs, which is even worse.

Consequence 3:

Leaving "credit stains" in the national credit reporting system. In 2006, the central bank established a national unified basic database of corporate and personal credit information. When you apply for a card or loan, your own "credit report" will be automatically generated in the system. The "stains" in this report cannot be ignored. It will affect the application for various types of loans, insurance, job hunting, and overseas study. etc. Bad records are generally retained abroad for 7 years. In November 2012, the central bank's new version of personal credit report was launched. Overdue credit cards and loans before October 2009 will no longer be displayed, and overdue records will be retained for 5 years thereafter. This move means that citizens’ overdue negative records will no longer remain with them for life. If they can repay their loans in full and on time for five consecutive years, their credit can be restored.

I don’t know if I will get a credit check if I get a credit card or loan?

Yes. Credit cards are products of banks, and banks have access to the central bank’s credit reporting system. Therefore, if your credit card is overdue, a credit report will be filed. Therefore, credit card users need to maintain their personal credit during use. In daily life, if a credit card user is overdue. The bank will upload the user’s overdue records to the central bank’s credit reporting system. It will have a greater impact on users' future loan approval, credit card processing, etc. If the situation is serious, everything related to bank credit business may be turned away by the bank. A credit check will be conducted for credit card borrowing. But as long as the repayments are made on time and are not overdue, it is no big deal to the individual. Your credit card will be subject to a credit report, and the bank will update your repayment record every month.

Will a credit loan affect your credit report?

If the credit loan is not overdue, it will not affect your credit report.

1. Credit loan

Credit loan refers to a loan issued based on the creditworthiness of the borrower, and the borrower does not need to provide guarantee. Its characteristic is that the debtor does not need to provide collateral or third-party guarantees to obtain a loan based only on its own creditworthiness, and the borrower's creditworthiness is used as a guarantee for repayment. This kind of credit loan has been the main lending method of Chinese banks for a long time.

According to the description of the "General Principles of Loans", credit loans refer to loans without guarantees and based only on the credit status of the borrower. When a lender issues a credit loan, it must strictly examine and evaluate the borrower to confirm its creditworthiness and ability to repay.

The original "General Rules for Loans" even stipulated "strictly control credit loans and actively promote guaranteed loans." Since the credit loan method is relatively risky, most financial institutions generally conduct detailed inspections of the borrower's economic benefits, operational management level, development prospects, etc., in order to reduce risks.

2. Factors affecting credit reporting

The main factors that may affect personal credit risk scores are: there have been overdue repayments in loans, or credit card overdrafts have not been paid within the agreed time limit and There are too many loan accounts, too many credit cards, etc.

Loans with credit bureaus and credit cards issued by banks are all connected to the central bank’s credit bureau system, and inquiry records will be left when applying. For example, when applying for a loan, the loan approval record will be displayed in the credit inquiry record, and the credit card approval record will be displayed when applying for a credit card.

There are also some people who provide guarantees for other people’s credit business. Banks need to review the qualifications of these people, such as whether the credit report is overdue, whether the personal debt ratio is high, etc. Once the inquiry is made, A record of the guarantee qualification review will be left on your credit report.

Whether it is credit card approval records, loan approval records, or guarantee qualification review records, these are collectively called hard query records. They are one of the key records to pay attention to when handling credit business and can indirectly reflect the applicant's funds. Tension.

If there are too many such records in a short period of time, the inquiry agency will think that the applicant is short of funds and urgently needs a loan to apply for a credit card for turnover, and then doubt his application motivation, such as intending to use loans to support loans, or to use loans to finance loans. Should we take a loan to support the card, or use the card to support the card, etc., and then reject the application.

If the credit loan is not overdue, there will be no impact.

Personal credit records are stored in the People's Bank of China Credit Information System. You can try to log in to the People's Bank of China Credit Information Center website to check the credit report; ② Currently, personal credit reports can also be checked through our bank's counter and professional version (no fees are charged for the time being).

Will credit card (debit card) loans be subject to a credit check?

Credit card (credit card) borrowing will be subject to a credit check.

Basically all banks currently operating are connected to the central bank’s credit reporting system, and credit cards (debit cards) are bank products, so if a credit card (debit card) loan is overdue, The situation is that the central bank will conduct a credit check at the meeting.

If the cardholder's credit card (credit card) is overdue, when the bank uploads the overdue record to the central bank's credit reporting system, the cardholder's future loan approval, credit card (credit card) ) will have a greater impact on handling and other aspects. It is recommended that users pay attention to timely repayment when using credit cards (debit cards) to avoid overdue payments.

"Credit Loan" will provide relevant introduction to credit reporting

Credit Loan, a high-quality online loan platform. In credit loans, as long as you have good enough credit, you can easily get a loan. Many friends are concerned about whether overdue repayment of credit loans will result in a credit report. I have also brought you relevant introductions below, let’s take a look.

Introduction to the problem:

According to my observation, this software is currently not available for credit reporting, but if you fail to pay it back after the due date, there will be the following consequences:

1. There will be no debt collection notices. If the payment is overdue on the 1st day, a call will be made to collect the payment; on the 20th day after the payment is overdue, a lawyer's letter will be sent to the overdue party; if the payment is overdue for more than 31 days, the overdue record will be pushed to all friends.

2. After the expiration date, as long as there is money in the account, the system will automatically cancel it three times a day.

3. If the loan debt is overdue for a longer period of time without repayment, the interest will increase more and more. If the loan is not repaid, it will be resolved through legal means!

Let’s stop here to talk about whether credit loans will be listed on the credit bureau.