Can I borrow money to buy a car if my credit card is overdue once?
If the credit card is overdue and has a bad credit record, it will definitely have an impact on the loan to buy a car. As for whether it is serious or not, it depends on the degree of overdue. The number of overdue credit cards seems to be small, but it should be judged according to the overdue time. After all, many people think that it is actually overdue more than once.
Generally, the overdue times of credit cards are counted according to the overdue time, only once in 30 days, twice in 3 1~60 days, three times in 6 1~90 days, and so on. For example, the cardholder's credit card is overdue this month, and it is not a big problem to pay it off before the next billing date comes out.
In short, the longer the credit card is overdue and the more times it is overdue, the more serious the impact on the car loan will be. If it is overdue for three or six times in two years, it will be difficult to get a car loan for at least two years. Therefore, it is necessary to find out the actual overdue times of a credit card according to the overdue time of the credit card.
In addition to overdue, credit cards have other effects on car loans, one is the overdraft limit of credit cards, and the other is the number of applications for credit cards. The greater the credit card overdraft limit, the higher the personal debt ratio and the smaller the repayment ability. The more credit card applications, the more credit information the lender has, which means that the weaker the financial strength, the less optimistic the repayment ability.
The above is "Can I borrow money to buy a car once my credit card is overdue?" . To sum up, if the lender wants to borrow money to buy a car, he should be moderate in the use and application of credit cards and try to avoid overdue repayment. If it is overdue, he should pay it off as soon as possible, and he must not keep procrastinating, otherwise the longer it is overdue, the worse the car loan application will be.