Loan cannot be approved.

Details:

1. Overdue credit card 5 times will seriously damage your credit record.

2. Banks and financial institutions usually evaluate the applicant's credit status when approving loans, of which credit history is an important indicator.

3. A high number of overdue credit cards will be considered bad credit behavior, thus reducing the likelihood of loan approval.

4. Financial institutions pay more attention to the applicant’s repayment ability and credit risk. More overdue applications will bring them higher risks.

5. Therefore, if the credit card is overdue 5 times, the loan will probably not be approved.

Summary:

The number of credit card overdues has an important impact on loan approval. Being overdue five times will damage your personal credit record and increase the likelihood of your loan application being rejected.

Extended information:

Late repayment refers to the failure to repay a loan or credit card bill on time as agreed. Overdue loans will have a negative impact on personal credit history, such as lowering credit scores and affecting future borrowing ability, etc. Credit score is an important indicator used by banks and financial institutions to evaluate personal credit status. Overdue behavior will directly affect the score results. Generally speaking, the more delinquencies there are and the greater the damage to your credit history, the less likely you are to be approved for a loan.

It should be noted that banks and financial institutions will also consider other factors when approving loans, such as the applicant's income, job stability, debt level, etc. If you perform well in these areas, it is still possible to get approved for a loan even with a slight past due record. However, where the number of delinquencies is high, the chances of loan approval are relatively small.