Will overdue credit cards affect bank loans

Yes.

The credit card is overdue, or the overdue debt has been paid off but the overdue record has not been deleted. In both cases, users cannot go to the bank to apply for a loan.

When there is an overdue record in the user's credit report, the bank will determine that the user has a bad credit report and cannot apply for any bank loan.

Only after the credit report has been restored can the user apply for a bank loan.

If the user pays off the overdue balance on the credit card, the overdue record will be retained for 5 years. After 5 years, the overdue record will be deleted and the user's credit report will be restored.

Main features of credit card:

1. Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation within a certain range. ;

2. Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;

3. Credit cards are high-tech products that integrate financial services and computer technology.

4. Credit cards can reduce the use of cash;

5. Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;

6. Credit cards It can simplify the collection procedures and save social labor;

7. Credit cards can promote product sales and meet social needs.

Main types

According to different card issuers, they can be divided into bank cards and non-bank cards

Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.

Non-bank card. Such cards can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., used for purchasing tickets, meals, accommodation, entertainment, etc.

According to the different objects of card issuance, it can be divided into corporate cards and personal cards

Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal entities.

Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.

According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards

Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.

Gold Card. A gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status. The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.

Can I still get a loan if my credit card is overdue?

2. How to get a loan if your credit card is overdue 1. If your credit card is overdue only once or twice, the bank will generally not refuse the loan, but it may increase the loan appropriately. The loan interest rate is the first situation mentioned above. Answer: The People's Bank of China stipulates that all card-issuing banks must regularly upload customers' consumption and repayment records and cannot tamper with them. When you apply for a loan in the future, the lending bank will comprehensively refer to your credit record. Not only for those who are short of money, they will basically consider applying online instead of borrowing money from friends. Below, Dingding has found 6 better mobile loan apps to explain to you.

Can I get a loan from a bank if my credit card is overdue?

If your credit card is overdue once, you can still apply for a loan from the bank. However, if there is an overdue credit card in the same month, you cannot apply for a loan. You need to wait for the credit report to be updated before you can apply. Loans, generally speaking, the credit requirements for bank loans are that there can be no overdue payment once, no overdue payment twice in six months, two consecutive overdue payments in one year, and three consecutive overdue payments in two years.

Usually, being overdue once will not result in a bad credit record, but being overdue three times will result in a bad credit record. If there is no bad credit record, it will not affect the loan.

The consequences of an overdue credit card are:

1. The bank credit card bank center will charge late payment fees and interest:

1. The late payment fee is based on the unpaid portion of the minimum repayment amount. Calculated at RMB 5, the minimum charge is RMB 10 or 1 US dollar

2. At the same time, the bank will also charge an interest of 50,000 per day on the entire bill.

2. Impact on credit:

1. Overdue within one month is considered overdue. As long as it is overdue, even once, it will be more difficult to increase the credit limit;

2. If you are overdue three times in a row or six times in total, you will have a bad credit record, and it will be difficult to get a loan or apply for a credit card in the future;

3. If you are overdue for a certain amount and time, the bank will freeze the credit card.

3. Documents required to apply for a bank loan:

1. Valid identity document;

2. Proof of permanent residence or valid residence certificate, and proof of fixed residence ;

3. Proof of marital status;

4. Bank statements;

5. Proof of income or personal asset status;

6. Credit report;

7. Loan usage plan or statement;

8. Other information required by the bank.

IV. Required conditions for bank loans:

(1) Applicants who are over 18 years old and have full capacity for civil conduct, urban residents’ permanent residence or legal and valid resident identity certificate, bank Loan requirements: The borrower's age is generally between 18-60 years old;

(2) Have stable legal income and the ability to repay interest;

(3) Required by the lending bank Other conditions.

5. The procedure is generally divided into three steps:

(1) The customer submits basic information, including work unit and contact number.

(2) The lending bank or company checks the customer's credit information, including whether the customer's credit rating has any illegal records. For self-employed individuals and small and medium-sized enterprises, it is also necessary to investigate their business operations.

(3) The staff of the lending unit signs a contract with the customer and implements the loan in the shortest time.

Can I get a loan if I have a credit card debt?

Whether I can get a loan if I have a credit card debt is related to the lender’s credit card debt status:

1. If I have a credit card debt If the loan is too large, the personal debt ratio will be higher. When applying for a loan, the bank will consider the borrower's repayment ability insufficient, and the loan may be rejected.

2. If the credit card debt has an overdue record and the bank inquires that the user has an overdue record, the bank may reject the loan due to this situation.

3. If the credit card debt is not large and there is no record of overdue repayment, it will generally not affect the loan.

Extended information:

What are the conditions for applying for a loan from a bank?

1. Have a fixed income and a stable residential address. It depends on the salary details.

2. Aged between 18 and 65 years old.

3. Have full capacity for civil conduct.

4. The borrower has good credit and no bad records.

5. Have good willingness to repay.

6. Loans cannot be used for stock trading, gambling and other inappropriate activities.

Can I get a loan if my credit card is overdue?

The credit card is overdue, or the overdue debt has been paid off but the overdue record has not been deleted. In both cases, users cannot go Bank application for loan.

When there is an overdue record in the user's credit report, the bank will determine that the user has a bad credit report and will not be able to apply for any bank loan. The credit report must be restored before the user can apply for a bank loan.

If the user pays off the overdue balance on the credit card, the overdue record will be retained for 5 years. After 5 years, the overdue record will be deleted and the user's credit report will be restored.

Loan means that banks, credit unions and other institutions lend money to units or individuals who use the money, and generally stipulate interest and repayment dates.

Loans in a broad sense refer to the general term for lending funds such as loans, discounts, and overdrafts. Banks invest their concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

Meet the conditions

Generally, to apply for a personal loan, you need to meet the following conditions:

1. Have a fixed residence and permanent residence in the location of the lending bank, or Valid residence certificate, Chinese citizen under 65 years old (inclusive), with full capacity for civil conduct;

2. Have a legitimate occupation and stable income, and have the ability to repay the principal and interest of the loan on schedule;

3. Have a good credit record and willingness to repay, and no bad credit record;

4. Be able to provide legal, effective and reliable guarantee recognized by the bank;

5. There is a clear purpose for the loan, and the purpose of the loan complies with relevant regulations;

6. Other conditions stipulated by the bank.

Notes

1. The information provided to the bank must be true, the address and contact information provided must be accurate, and the bank must be notified in time when there are changes;

2. The purpose of the loan must be legal and compliant, and the transaction background must be true;

3. Choose a repayment method that suits you based on your repayment ability and future income expectations;

4. Apply The loan amount should be within your ability, and usually the monthly repayment amount should not exceed 50% of the total household income;

5. Carefully read the terms of the contract and understand your rights and obligations;

6. Requirements Repay on time to avoid bad credit records;

7. Don’t lose the loan contract and IOU. For mortgage loans, don’t forget to cancel the mortgage registration after paying off the loan;

8. Early repayment must be communicated with the bank one month in advance before it can be processed.

9. When applying for commercial loans to non-locals, banks generally require borrowers to have a stable income in the local area and to issue a household registration certificate at the place of residence (some banks also require an office certificate); while house purchase guarantee companies The requirement for foreigners is that they must have local income and then apply for a temporary residence permit.

Can I still get a loan from the bank if my credit card is overdue?

If the credit card is overdue, or the overdue debt has been paid off but the overdue record has not been deleted, in these two cases, the user Neither can go to the bank to apply for a loan. When there is an overdue record in the user's credit report, the bank will determine that the user has a bad credit report and will not be able to apply for any bank loan. The credit report must be restored before the user can apply for a bank loan.

If the user pays off the overdue balance on the credit card, the overdue record will be retained for 5 years. After 5 years, the overdue record will be deleted and the user's credit report will be restored.

Action suggestions:

1. When the cardholder is overdue for about one month at first, the bank clerk will call to remind the cardholder to pay attention to timely repayment. At this time, the main reminder will be given;

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2. If the overdue period exceeds one month, the bank's collection department will call to collect. If the collection still fails, the bank will generally hand over the collection work to a third-party outsourcing agency. At this time, the collection amount will be will increase;

3. When the overdue period exceeds 3 months and the cardholder still fails to repay, and there is malicious overdue behavior, evasion, etc., the bank will consider suing the cardholder;

4. As long as it is not a malicious overdraft and you have a good attitude after overdue, you will not be held criminally responsible when the bank arrives later. You only need to execute the judgment according to the judgment. Finally, it is worth noting that all bank credit card overdue records will be Report to the People's Bank of China's personal credit reporting system.

This ends the introduction on whether you can get a loan if your credit card is overdue and whether you can apply for a credit card if your credit is overdue. Did you find the information you need?