When taking a loan to buy a house, does the bank review personal credit history for the last 2 years or 5 years?

When reviewing a home purchase loan, the bank will first check the borrower's credit record in the past two years and evaluate the borrower's recent credit situation, liability status, financial ability and other items.

After obtaining the borrower’s recent evaluation results, the bank also conducts a comprehensive score based on the borrower’s credit report in the past five years. Finally, the bank will decide whether the borrower's loan application can be approved based on the evaluation results and comprehensive score.

Extended information:

Behaviors that affect personal credit reporting

1. Overdue repayment

Overdue repayments that appear in our daily lives There are two main types of repayment situations, one is overdue repayment of credit card, and the other is failure to repay other loans on time. If a borrower defaults on repayments for three consecutive months or six times within two years, the bank will be included in the bad credit list.

2. Too many credit inquiries

Many people may not be aware of this. If the frequency of "hard inquiries" on the credit report is too high and the user has not made a loan Or a record of successful credit card placement indicates that the person's property is in poor condition. Banks and financial institutions will deny loans 90% of the time. The so-called "hard queries" here are: credit card approval, loan approval, and guarantee qualification review. Too many such query records will have adverse effects.

3. There are arrears and tax arrears in the public service information

At present, some cities have recorded overdue public service payment records in the credit report. If If the applicant owes water, electricity, gas, mobile phone communication fees, etc., it will be recorded in the credit report. In serious cases, the bank may refuse a loan. In mild cases, the home buyer may be required to increase the down payment ratio, or the bank may increase the down payment ratio. Issues such as loan interest rates and loan limits being reduced.

If a couple buys a house after marriage, how many years will the bank check the credit report in 2022?

If a couple buys a house after marriage, the bank’s credit check will be in 2022. Under normal circumstances, the credit check for bank loans will be two years, five years if the bad credit record has been repaid, and five years if the loan has not been repaid. permanent.

Credit checking for house purchases is mainly used to apply for house purchase loans. Loans are a business that values ??credit. If the lender has credit problems, the bank will not be able to lend.

Credit reporting is the collection, sorting, preservation, and processing of credit information of natural persons, legal persons, and other organizations in accordance with the law, and provides external services such as credit reports, credit evaluations, and credit information consultation to help customers judge and control credit risks. , conduct credit management activities.

How many years of credit history can a bank loan look at?

Nowadays, our living expenses cannot be separated from loans. After all, prices and housing prices are constantly rising. It can be said that almost everyone has one or even several credit cards. After all, credit cards can alleviate the problem of financial constraints. Although everyone can apply for a loan, it may not always go smoothly. Then what affects the loan is the personal credit report, and banks have records of credit reports.

1. Banks can check several years of credit records

When we go to the bank to apply for a loan, the first thing the bank pays attention to is the personal credit report. After all, this report reflects , whether you have the ability to repay the loan, and whether you are an honest person. Under normal circumstances, banks will focus on checking the credit report of the loan applicant in the past two years. The specific situation will still depend on the other circumstances of the personal loan applicant. The credit report can be kept for 5 years, which means that the bank can check the applicant's credit report within 5 years. It will definitely be difficult to apply for a loan if the credit report is not good. The bank will require more supporting materials. If it is serious, , the bank will directly refuse to handle it.

2. Different banks will pay attention to different credit reports

Banks can see credit reports within 5 years. If there are continuous accumulations in these 5 years to 3-6 months If you have a record of delayed repayment, it will be difficult to apply for a loan. Of course, different banks pay different attention to the content of credit reports. Some banks pay more attention to the number of overdue credit reports, while others pay more attention to the overdue amount. No matter what the bank is concerned about, the main thing is that if the overdue loan is 2 years ago, generally there will be no big problem in applying for a loan. On the contrary, if it is overdue within 2 years, it depends on the specific situation.

3. It is very important to maintain a good credit report

Overdue records in the credit report will be updated every 5 years, so everyone must maintain a good credit report within 5 years . No matter how serious the overdue record is, as long as good records are maintained within 5 years, the overdue record will be eliminated. Of course, if the bank makes a mistake and causes the payment to be overdue, you can apply directly to the bank. Therefore, overdue records will not be retained forever. The People's Bank of China will update them every five years. In order not to affect the loan application process, it is very important for everyone to maintain good credit records.

When applying for a loan from a bank, they will definitely check your credit record. If there is no bad record within 5 years, there will be no problem with the general loan. Records of minor problems within 2 years will basically not affect the loan application.

How many years does the bank’s mortgage credit check last?

Bank mortgage credit reports are generally based on five years, and credit card credit reports are generally based on two years. If the credit report is overdue, you must maintain a good credit report for more than five years. The credit report will change. Good

Generally, how long will the bank check the credit for buying a house?

Generally, the credit check for bank loans takes two years, and five if the loan has been repaid with bad credit records. Years, non-repayment will be subject to permanent inspection.

Bad information in the personal credit report will have a negative impact on personal loans, etc. In serious cases, the bank will directly refuse the loan. However, these bad information are not stored permanently and will be eliminated after a certain period of time. Regarding the issue of overdue credit reporting records, the "Regulations on the Administration of the Credit Reporting Industry" clearly stipulates that Article 16 clearly states that the retention period of personal bad information by credit reporting agencies starts from the date of termination of the bad behavior or incident. 5 years; if it exceeds 5 years, it shall be deleted. During the retention period of adverse information, the information subject may explain the adverse information, and the credit reporting agency shall record it. However, it should be noted that some overdue credit records can be eliminated directly. 1. If the information subject believes that there are errors or omissions in the information collected, stored, and provided by the credit reporting agency, he or she has the right to raise objections to the credit reporting agency or the information provider and request corrections. 2. When a credit reporting agency or information provider receives an objection, it shall mark the relevant information as objectionable in accordance with the provisions of the Credit Reporting Supervision and Administration Department of the State Council, verify and handle it within 20 days from the date of receipt of the objection, and report the result Write a reply to the opponent. 3. After verification, if it is confirmed that there are errors or omissions in the relevant information, the information provider and the credit reporting agency shall make corrections; if it is confirmed that there are no errors or omissions, the objection mark shall be cancelled; if it still cannot be confirmed after verification, the verification situation and The content of the objection should be recorded.

Clearing the credit report for 5 years is not the same as having a white account. A white account refers to a user who has never had a credit relationship with a bank or financial institution, so the credit record in his personal credit report is Blank state. Credit whitelists are also called credit whitelists. The 5-year credit report clearance means that you have had a credit relationship with a bank or financial institution before, but now the bad information has been cleared, but it still exists in fact, so it cannot be called a white account. 1. After the credit report has been cleared for 5 years. It has almost no impact on current loans, because banks mainly look at the credit record of the past two years. If the bad credit record has been repaid, the review will be five years, and if the loan has not been repaid, the review will be permanent. Therefore, if the debt that occurred five years ago is still outstanding, the bank will have a retroactive right, which can be traced back for five years or forever. 2. If the bad credit report is clear after five years, you can handle business normally after the blacklist is lifted. In the case of a white credit account, because no credit behavior has occurred, the bank or financial institution cannot assess the lending risk, so it may result in being rejected when applying for a loan. However, if your income is stable and your willingness to repay is strong, you can provide some information to prove your personal financial resources, which will help increase the likelihood of your loan application being approved.

How many years do banks usually check credit records?

2 years.

The personal credit system evaluates an individual's credit rating and records it at any time based on residents' household income and assets, loans and repayments that have occurred, credit overdrafts, penalties and litigation when bad credit occurs. , a system that facilitates the provider of personal credit to decide whether to provide credit or how much credit to provide.

There are two forms of reflecting personal credit status, namely personal credit report and credit score. Under market economy conditions, the personal credit system is very important.

It is even more important for individuals to effectively use credit products and maintain a good credit record.

Extended information:

According to the "Interim Measures for the Management of Basic Database of Personal Credit Information":

Article 12 Commercial banks may handle the following businesses with personal credit information: Database query of personal credit report:

(1) Review of personal loan applications;

(2) Review of personal credit card and quasi-credit card applications;

(4) Conduct post-loan risk management on personal loans that have been extended;

(5) Accept legal persons or other organizations For a loan application or as a guarantor, it is necessary to check the credit status of its legal representative and investor.

Article 13 In addition to the provisions of Article 12 (4) of these Measures, commercial banks shall obtain written authorization from the person being inquired when inquiring about personal credit reports. Written authorization can be obtained by adding appropriate terms to loan, credit card, quasi-credit card and guarantee applications.

Article 14 Commercial banks shall formulate internal authorization systems and inquiry management procedures for post-lending risk management inquiries on personal credit reports.

Article 15 The Credit Information Service Center may provide personal credit reports for a fee based on individual applications.

The credit information service center should formulate corresponding procedures to verify the identity of the applicant.