Credit card is actually a financial credit product under the bank, so once it is overdue, the issuing bank will report the cardholder's overdue record to the central bank's credit information system, leaving a credit stain in personal credit information, which will affect everyone's application for financial services such as credit cards in the future. Especially when approving mortgage loans, banks will refer to the number and amount of overdue loans of borrowers in the past two years. According to the overdue degree of credit card, it will be divided into these two situations:
1. Less overdue times: If the applicant's credit card is overdue only once or twice in the last two years, and the overdue time is short, the bank will generally not refuse your mortgage application, but will appropriately raise your loan interest rate. If you are not satisfied with the interest rate, you can learn more about it and find the bank with the greatest discount.
2. More overdue times: If the applicant has been overdue for three times in a row or accumulated six times in the past two years, he will be blacklisted by the bank, not only unable to apply for mortgage loans, but also unable to apply for ordinary bank loans. Everyone can only pay off their debts, maintain a good repayment preference in the next five years, and gradually cover up their previous bad credit records through the continuous accumulation of time.
Ok, I'll stop here about the impact of overdue credit cards on mortgages. Although the overdue credit card will have a certain impact on the future purchase application, as long as we can properly handle it in time and maintain good repayment habits and financial status, we can minimize its negative impact on mortgage approval and interest rates. I hope all friends can develop the good habit of paying back on time, and don't leave a credit stain on personal credit information.