Each bank has a different card issuing policy, but too many credit inquiries will really affect your score.
1: Some banks need to check whether other conditions are met before returning to inquire about credit extension. It is also possible that you did not meet the requirements and refused without checking your credit.
2. The progress of each bank is different. An account manager will press the submission time, but once your application record can be found online, it will usually be found within one week.
Interpretation of credit information
1. According to the business model, it can be divided into two categories: corporate credit reporting and personal credit reporting.
Enterprise credit investigation is mainly an institution that collects enterprise credit information and produces enterprise credit products; Personal credit investigation is mainly an organization that collects personal credit information and produces personal credit products. These two types of business are completed by one institution in some countries, and by two or more institutions in some countries, or a country has both institutions engaged in personal credit investigation and institutions engaged in personal and corporate credit investigation.
2, according to the service object can be divided into credit, business credit, employment credit and other credit.
The main service object of credit investigation is financial institutions, which provides support for credit decision-making; Commercial credit information mainly serves wholesalers or retailers and provides support for credit sales decision-making; For example, market research, creditor's rights processing, movable property and real estate evaluation, etc.
3. According to the scope of credit reporting, it can be divided into regional credit reporting, domestic credit reporting and transnational credit reporting.
Regional credit information is generally small in scale and only provides credit information services in specific areas. This model generally exists in countries where the credit information industry has just started. After the development of the credit reporting industry reaches a certain stage, most of them will merge. Domestic credit reporting is one of the most institutionalized forms in the world, especially in countries that have established credit reporting agencies in recent years. Cross-border credit investigation is developing constantly, and the reason why credit investigation can develop rapidly is that in order to adapt to this development trend, cross-border credit investigation will inevitably increase. However, due to the different political systems, legal systems and cultural backgrounds of different countries, the development of cross-border credit investigation is also restricted to some extent.