Credit cards mainly allow cardholders to enjoy advance consumption services by borrowing money and repaying them. In fact, commercial banks mainly make money from the card swiping fees of shops and additional fees such as delayed repayment by customers. . Personal credit information is a professional credit information service. It collects personal credit information through third-party agencies and creates a credit record for everyone, which facilitates direct review when borrowing money later. The relevant data is clear at a glance, and financial institutions only use Applicants can be assessed for loan eligibility in just a few minutes.
If the borrower does not have a credit record, it is commonly known as a "white account". For loan-related matters, more financial data must be provided, including personal bank statements, employment certificates, and family records in the past six months. Accounts, bank deposits, etc. By using a credit card to start consumption, the personal credit record begins to have data, so the lending institution obtains the cardholder's credit report through the credit report center and conducts direct review. Therefore, the credit card data will determine whether the personal credit record is good or poor. .
Credit record is an economic ID card and a symbol of personal identity. People with better personal credit records in European and American countries will not only get some benefits in consumption, but also get lower interest rates in loans, and they can also have better personal integrity in life than others. Riding the Bull and Watching the Bear found that the cardholder has a good personal credit record. Even if there is an overdue repayment, commercial banks will handle it as appropriate, but they must pay off the debt immediately and maintain a good credit record in the future. Card usage records.
The most annoying thing for commercial banks is bad debts and bad debts for debtors. In such a situation, it is almost impossible to apply for a loan limit again, and the credit card in your hand can basically not be used normally.
What are bad debts?
Bad debts are debts that have exceeded the repayment period and cannot be recovered after collection. They are in a sluggish state for a long time and are the result of failure to clear the accounts in time. It can also be understood as finance that cannot be recovered because the other party does not repay.
What are bad debts?
Bad debts are accounts receivable that cannot be collected or are extremely unlikely to be collected. For example, if the debtor has passed away and owed a large amount of debt during his lifetime, and the personal inheritance cannot be repaid in full, this will cause the remaining debt to become a bad debt.
If an individual encounters bad debts and bad debts, he or she will basically be unable to obtain a loan, and the application for related loan matters will be directly rejected. Even if an individual does not owe huge debts and has no bad debts or bad debts, if the credit card has a "three-six-six" situation, it will also lead to the failure to get approval for a loan to buy a house or a car, so the personal credit report is really Very important.
In recent years, the media has continuously revealed that the mother-in-law asked her son-in-law to provide a personal credit report to prove that she was not a dishonest person, and at the same time, she could check the debts owed to her name. This thing seems a bit ridiculous. In fact, who would want their daughter to be in debt for others? If you meet someone who appears to be handsome and rich, but secretly owes tens of millions, can you bear it?
Credit cards have become an indispensable consumer product in our lives. When using credit cards, you should repay them on time and avoid any illegal operations. Only in this way can you maintain a relatively good personal credit record. It will also be smooth if the need for borrowing arises in the future. Instead of being anxious when borrowing money and careless when repaying, be careful. After overdue repayment, the limit of the credit card in your hand will continue to decrease, become "zero limit" or even directly suspend the card processing. In that case, the gain outweighs the loss. .