At present, all localities have implemented the purchase restriction policy, and the threshold for buying a house with loans has increased a lot. Many card friends finally got the qualification to buy a house. As a result, the mortgage could not be approved because the credit card was overdue. This situation is humbled, but I don't want to waste my qualification to buy a house. So, what should we do in this case? I'll teach you how to borrow money to buy a house when the credit card is overdue.
First of all, we must find out whether it is maliciously overdue.
Malicious overdue refers to the overdraft of credit cards for the purpose of illegal possession, and the overdue degree is more serious. Naturally, banks refuse to approve loans because they have to bear a great risk of default.
Of course, if it is not maliciously overdue, it may not be possible to approve the loan. After all, overdue will produce bad credit, but it is certain that overdue credit must be returned before applying for a mortgage, and then apply. Then the bank will decide whether to give you a loan.
Secondly, you should understand the tolerance of banks applying for mortgage loans for overdue.
We all know that the overdue credit card does not mean that the mortgage will be rejected. It depends on the bank's tolerance for overdue, mainly on the number of overdue cases and the severity of the circumstances in the past two years.
1. If it's overdue once or twice, it's still easier to approve the loan, but the loan interest rate may rise according to your overdue times, and some banks will rise by 3% once overdue; 3 times overdue floating 5%; 10% is overdue for more than 6 times.
2. If you are overdue several times, but don't repay for three consecutive months, then the bank may have zero tolerance for you, and the possibility of being refused a loan is very high.
3. If the payment is overdue for more than six times, if you can't provide relevant supporting materials to prove that you are not subjectively and maliciously overdue, then nine times out of ten, the visa will be refused. Of course, after providing supporting materials, the bank will consider it as appropriate. If they are lucky, they may issue loans, but the same loan interest rate will also rise.
My suggestion: how to deal with overdue mortgage of credit card
Method 1: When choosing a bank, try to negotiate with the developer, choose foreign banks, joint-stock banks or local banks, and avoid large and medium-sized state-owned banks.
Method 2: Provide the bank with proof of your repayment ability as much as possible, such as asset certificate or guarantee in your name.
Option 3: If you have overdue credit cards, it is recommended to accept the terms of raising interest rates or raising down payment.
Finally, I hope everyone will cherish their credit records.
I suggest that consumer loans should not be used to buy a house. If it is used to buy a house, you can apply for a housing loan from a banking institution.
How to solve the overdue credit card loan to buy a house?
Pay off the overdue credit card arrears, then print the credit report to see the severity of overdue, and then find countermeasures.
Credit cards are not overdue for a long time, and there are not many overdue times. For example, there is only one overdue within half a year, and the impact on mortgage loans will be smaller after paying off the arrears.
It is suggested that when applying for a mortgage, in addition to providing income proof, bank running water and other information, it is best to find a person with good credit as a co-payer, or improve the success rate of the loan by increasing the down payment ratio and shortening the loan period.
Credit cards are seriously overdue, and the credit report has been overdue for three to six times in the past two years. Don't waste your energy to apply, pay off your debts for five years and come back to eliminate bad credit records.
It can be seen that overdue credit cards will affect mortgages. It is better to avoid overdue at the beginning than to find countermeasures after it is overdue.
Ways to avoid overdue credit cards:
1, stop it, stop cutting your hands and live within your means;
2. Remember the repayment time of each card and start repayment after the bill comes out. Look at how much money is left in your wallet first, and see if it is enough to pay the current bill. If it is not enough, then consider whether to borrow money from others or to handle the installment. Either way, it must be completed before the repayment date, and the minimum repayment ability must be guaranteed.
3. Afraid of forgetting to repay, bind a debit card to open automatic repayment to ensure that the repayment amount can be paid immediately.
The main features of credit cards:
1. Credit card is one of the fastest-growing financial services, and it can replace the traditional cash circulation in a certain range.
2. Credit card has both payment and credit functions. Cardholders can use it to buy goods or enjoy services, and they can also use credit cards to obtain certain loans from card issuers;
Credit card is a high-tech product integrating financial business and computer technology.
4. Credit cards can reduce the use of cash and currency;
5. Credit card can provide settlement service, which is convenient for shopping and consumption and enhances the sense of security;
6. Credit cards can simplify the collection procedures and save social labor;
7. Credit cards can promote commodity sales and social needs.
Main types
According to different card issuers, it can be divided into bank cards and non-bank cards.
Bank card. This is a credit card issued by the bank. Cardholders can shop and spend money at the special merchants of the issuing bank, or they can withdraw cash at any time at the outlets of the issuing bank or at places with ATMs.
Non-bank card. This kind of card can be divided into retail credit card and travel entertainment card. Retail credit cards are credit cards issued by commercial organizations, such as department stores and oil companies, which are specially used for shopping in designated stores or filling gas stations. , and settle accounts regularly. Travel and entertainment card is a credit card issued by airlines, travel companies and other service industries, which is used for ticket purchase, dining, accommodation, entertainment and so on.
According to the different issuing banks, it can be divided into corporate cards and personal cards.
What about credit card loans overdue? Tips for buying a house with a loan.
Now house prices are hitting record highs every day. If you want to buy a house, most people can't do it without a loan. What if I want to borrow money to buy a house and my credit card is overdue? In fact, for non-malicious overdue partners, banks still have access and will not be killed with a stick.
What about credit card loans overdue?
According to the overdue degree of the cardholder's credit card, the loan can be roughly divided into the following situations:
1. Only one or two credit cards have expired.
In this overdue situation, banks generally will not refuse to lend, but it is possible to raise the loan interest rate appropriately. It would be great if the cardholder can find the cardholder's "non-malicious overdue" certificate.
Solution: If this credit card is overdue, the cardholder who borrows money to buy a house can find more banks. If the mortgage interest rate of real estate cooperative banks is favorable, you can enjoy preferential treatment when applying for loans in some banks. Just choose the one with the lowest interest rate.
2. The credit card expires within two years.
Generally speaking, when approving mortgage loans, banks will refer to the number of overdue loans in the past two years. Under normal circumstances, one of the husband and wife fails to repay the loan for three consecutive times or six times in total, and will not be able to obtain the loan. It should be pointed out that the meaning of three consecutive overdue repayments is, for example, the repayment period of a sum of money is one month, and there is no repayment for three consecutive months; And a total of six times, for example, once overdue, returned, and overdue, so it happened six times.
Solution: Find overdue and timely repayment, and keep good repayment records in the next 24 months, and cover up bad records with good records. Then try to apply for a mortgage.
3. Malicious overdue
The amount of malicious overdraft of cardholders is large, and its nature is relatively bad and serious. The People's Bank of China will record and keep it, and the bad credit record will not be eliminated within 5 years after all the debts are paid off.
Solution: Malicious overdue, resulting in a bad credit record, and the loan to buy a house can only wait for another 5 years.
What if the credit card is not approved in loans overdue? Here are several remedies.
Nowadays, many people will regard buying a house as one of the prerequisites for getting married and starting a business. If they can't pay in full, they will apply for a loan to buy a house. In addition to the applicant's repayment ability, the bank will also check the applicant's credit information. However, many friends refused to approve the purchase because their credit cards were overdue, which affected their credit information. In fact, this situation can be remedied. Let's have a look.
As we all know, overdue credit cards will produce bad credit records. If there is bad credit, it will have an impact on the loan to buy a house. However, although banks pay more attention to the personal credit of borrowers, they will not be killed with a stick. Under normal circumstances, as long as the overdue circumstances are not serious, there are no overdue for three consecutive times in two years, or accumulated overdue for six times, loans can still be obtained.
The premise is that you have to try your best to remedy it. Generally speaking, there are three remedies:
1. Before buying a house with a loan, I want to check the credit information to see if there is any bad credit. If the credit card is overdue, then I want to see if I have paid off the overdue debt. If I haven't paid it off, I'll pay it back right away. After repayment, I want to go to the sales department to consult what to do with the loan.
2. If the repayment is not overdue for a long time and is not malicious, you can ask the issuing bank to issue a "non-malicious overdue certificate" and then provide it to the lending bank. If possible, provide proof of your repayment ability to the bank, such as providing proof of assets in your name or providing guarantee.
3. If the issuing bank says it can apply for a loan, but the down payment ratio increases or the loan interest rate rises, you should also accept this.
The above is the relevant introduction of "What should I do if the overdue credit card loan is not approved to buy a house". If you remedy according to the above method and the bank still refuses to approve, then I suggest you change banks and apply for a mortgage. Try more and you will succeed.
What should I do if the housing loan credit is overdue?
If personal credit information is affected by overdue records, it can be solved by the following methods:
1. If there has ever been a credit card overdue, as long as the cardholder is not maliciously overdue and has paid off the arrears, he can apply to the bank for proof of non-malicious arrears. Then submit the certificate to the bank to apply for a loan.
2. If conditions permit, the borrower can also provide corresponding asset certificates or a third-party guarantee with guarantee ability and qualification to apply for a house loan from the bank.
Extended data:
What if personal credit is overdue?
1. The difference between one-day overdue mortgage and one-time overdue mortgage is the number of overdue days. Under normal circumstances, as long as the overdue time is controlled within the grace period of the bank, it will not have any impact on the credit investigation; On the other hand, if it exceeds the grace period, even if it is only overdue once, it will go to the credit information system and leave a bad record of credit information.
2. Banks and some financial institutions have time tolerance service. Some financial institutions have a grace period of 1 to 3 days. If the repayment is overdue for one day, the borrower will pay back the money in time and explain the reasons, and will not enter the credit information system. If it exceeds three times, a credit stain will be generated and included in the credit information record.
3. After discovering that the mortgage is overdue, the borrower should communicate with the bank staff in time to find a solution. Of course, some banks with strict regulations have no grace period. In this case, they will also go to the credit information system if they are overdue for one day. This requires the borrower to understand the rules of the lender, so as not to have too much impact on personal credit information due to overdue problems.
That's all for the introduction of how to do overdue credit cards.