Three in a row and six in a row means that the credit report has accumulated six overdue repayments for three consecutive months, which is a very serious credit problem. Some friends who have problems with their credit report want to know how to look at the credit report for three consecutive years or six years. So, should the credit report be reviewed for two years or five years?

1. What is "Three in a row and six in a row"

This word refers to the overdue credit card situation. It is usually the combined name of "three in a row" and "six in a row". When there are "three in a row and six in a row" on your credit report, Three tired and six tired is a very bad phenomenon, which means that your overdue degree is not as serious as usual.

Lian San can be understood this way, for example, the credit card deadline is to repay once a month, and it has not been repaid for three consecutive months;

Liu Liu can be understood this way, for example, if your credit card is overdue once, then Over the next few months, I paid my bills on time, and then it was overdue again, six times.

For cardholders who want to handle bank-related business, if the bank detects that your credit report has been wrong, the consequences will be serious.

2. What are the consequences of having three or six in a row

Many cardholders know that overdue credit cards will cause bad credit, and the degree of bad credit will vary depending on the overdue situation. Similarly, if the credit card is overdue due to non-payment three times in a row, or the cumulative number of overdue payments reaches 6 or more times, the consequences will be serious.

To put it simply, if your credit report says "three in a row and six in a row", you are considered a problem customer in the eyes of the bank, and the bank will put you on the blacklist, which means that you It will be difficult to handle any business that requires a credit check. For example, applying for a credit card and applying for a loan will be directly rejected by the bank.

3. Should three years and six years in a row be considered two years or five years?

Usually, the credit report is based on credit records within two years, but some financial institutions will also look at credit records within five years. Because whether it is late repayment for three consecutive months or six late repayments accumulated in the past two or five years, it is a serious credit problem. In order to avoid failure to recover funds, financial institutions will be more cautious in approving the borrower's loan application if they find that the borrower has a long-term or multiple overdue record.

Four. In fact, it is more difficult to pass the review of financial institutions regardless of whether you have had three or six credit reports in the past two years or the past five years. If you can prove your ability to repay the principal and interest on time, the financial institution may only look at the credit report of the past two years, but you may also face approval results that increase the loan interest rate, reduce the loan amount, or shorten the loan period.

In short, whether three years in a row is two years or five years, each bank has different regulations. The better way is to develop good repayment habits, repay in full and on time, and avoid repeating the loan again. A bad credit record appears.