Recently, several credit loans have been recommended that are not on the credit reference list. Many people don’t understand why the credit loans are not on the credit reference list? What is their principle?

There are two main categories of credit loans that are not eligible for credit reporting:

Those that are not eligible for credit reporting at all: non-bank products and small banks that are not qualified for credit reporting.

Small impact on credit reporting: credit loans in the form of credit cards and large-value card installments. This type of product is reflected as a credit card in terms of credit information, which has little impact on credit information and can be similar to a credit loan that is not as good as credit information.

1. Non-bank products

Since most non-bank institutions are not eligible for credit reporting. Therefore, this product will not be reflected in the credit report.

This type of credit loan is usually not repayable at any time, and the interest rate is relatively high (above 12%). The advantage is that it does not require a credit report at all, and is especially suitable for the down payment of a home or the funds to optimize credit.

Two products that are relatively common at present

1. Bank of Ningbo: Baicollar Finance

Institutional funds are packaged into bank products. The actual lending is not a bank, but similar to P2P, which requires bidding and raising funds on the platform.

2. Magical corporate credit loan: CI Finance

Although it is a corporate credit loan, it is neither a personal credit nor a corporate credit, and the maximum limit can be up to 5 million. As long as you have a company registered for more than one year, you can try it.

2. Small banks are not yet qualified for credit reporting.

In the early days of their establishment, some banks had small business scale or were not qualified to access the credit reporting system of the People's Bank of China.

In this case, it is just that the credit report is temporarily unavailable, and it may be listed soon. It cannot be used as a reliable product that is not credit-reported.

The more common ones are the products of village banks and rural commercial banks.

3. Credit loan in the form of credit card

Is this a large-amount credit card that can be borrowed and repaid at any time? Yes, you can think so, but you don't need to swipe the credit card, the credit card limit is directly transferred to the debit card, and you can use it. The mobile phone operation is simple and crude.

Isn’t it very considerate? Knowing that we swipe our cards every day, we are exhausted physically and mentally, so you can free your hands.

Of course, not everyone meets the application conditions. There are two common products:

1. Bank of Ningbo’s Premium Card (has been discontinued in some cities)

The credit report shows that credit cards with large amounts can be borrowed and repaid at any time, with interest first and then principal, with an interest rate of less than 9%.

The disadvantage is that it takes up the credit card limit, and the usage limit is truly reflected, and the debt is high. You can avoid the problem of high usage limit by using 0 bills.

2. Wenzhou Bank’s Thinking Card

You can borrow and repay at any time, with interest first and then the principal. The interest rate is still very low. When the limit is not used, the credit report will show 0 limit. credit card. Awesome or not?

4. Large-value card installment

Large-value card installment is also a type of credit loan, with a large amount and pure credit. However, not all large-value card installments can be equated to credit loans that do not qualify for credit reporting, and some are huge pitfalls.

When applying for card installment, the most important thing is to see how the credit limit and monthly usage limit are displayed on the credit report.

In terms of credit reporting, only a card installment whose usage limit is shown as the monthly repayment amount can be equivalent to a credit loan that is not listed in the credit reporting. It would be even better if the credit limit could also be hidden.

The usage limit is displayed in full, even if it is a full debt, it will ruin the credit reporting artifact, such as large-value card installments of China Construction Bank, Agricultural Bank of China, Industrial Industrial, special installments, renovation installments, tax installments, car loan installments, This is almost always the case.

Fortunately: there is a little trick that can block the monthly repayment amount of the card installment and achieve zero debt.

It is recommended to apply for the first and second types in the form. Only these two types can be considered as not being included in the credit report.