When banks review and approve home purchase loan applications, they need to check the past credit record of the home buyer. The specific inquiry time depends on the bank. The maximum retention period of credit records is 5 years. Banks generally inquire about credit status within 2 years. Banks with strict risk control may also inquire for 5 years.

How to deal with poor credit reporting

1. If it is overdue due to temporary negligence, and the repayment date has just passed, you must repay the loan in full and call the bank promptly afterwards Explain the situation.

2. Credit card records are valid for two years. After expiration, the previous records will be refreshed.

3. The credit reporting agency will keep bad personal information for 5 years. If there is a bad credit record, it can be released after five years.

Which bad credit reports will affect mortgage approval

1. Late repayment of credit card three times in a row (or six times in two years).

2. The monthly mortgage payment is overdue or non-repayable for 2 to 3 months.

3. The monthly car loan payment is overdue or non-repayable for 2 to 3 months.

4. If the loan interest rate increases, the "monthly payment" will still be paid at the original amount, resulting in overdue interest.

5. If the "Sleep Credit Card" is not used after activation, annual fees will be incurred. Failure to pay will result in a negative credit record.

6. Credit card overdrafts and mortgage loans are not paid back on time.

7. When providing guarantee to a third party, the third party failed to repay the loan on time.

10. Cashing out of personal credit cards.

11. Student loan arrears and non-repayment.

12. Mobile phone deductions are linked to bank card deductions. Relevant procedures were not completed after the mobile phone was deactivated, resulting in an overdue payment due to monthly rent arrears.

13. Credit card arrears records are generated when someone else uses the identity card or a copy of the identity card fraudulently.

What are the credit requirements for home loan?

1. Basic information, including personal name, ID card, name, application date, issuance date, marital status, etc.

2. Credit records, mainly loan records applied by individuals to bank financial institutions, including a series of loan records such as credit cards, mortgages, operating loans, student loans, etc. Including a series of information such as settled and unsettled.

3. Public *** information, personal information and situations such as communications, water, electricity, gas, tax payment, etc. that the individual has applied for, as well as personal court information, such as whether he is included in the list of dishonest persons subject to execution .

4. Objection record. The objections applied to the banking institution when the inquirer has objections to the personal credit report can be reflected in this section by adding a statement. If no objections have been applied for, therefore There are no relevant records.

5. Query records, personal query records and institutional query related information. Generally, banks will have this record when approving credit cards

6. Description is the format clause of the credit reference center, including relevant information that needs attention, as well as opinions on handling objections and the position of the credit reference center.