What should I do if my credit card is overdue and my loan to buy a house is not approved?

Nowadays, many people regard buying a house as one of the prerequisites for starting a family and starting a business. If they cannot afford the full payment, they will apply for a loan to buy a house. In addition to looking at the applicant's repayment ability, banks will also check the applicant's credit score when approving a loan. Many friends have refused to approve the house purchase due to the impact of overdue credit cards on their credit report. So what should I do if my credit card is overdue and my loan to buy a house is not approved?

1. Before taking out a loan to buy a house, you want to check your credit score to see if there is any bad credit. If the credit card is overdue, check to see if the overdue debt has been paid off. If not, I have to repay the loan immediately. After repayment, I want to go to the sales department to inquire about how to apply for a loan in this situation.

2. If you repay the loan not long after it is overdue, and it is not maliciously overdue, you can ask the card issuing bank to issue a "non-malicious overdue certificate" and then provide it to the lending bank, if conditions permit. If so, try to provide the bank with proof of repayment ability, such as proof of assets in your name, or provide a guarantee.

3. If the card issuing bank says that it can apply for a loan, but the down payment ratio will increase or the loan interest rate will rise, this must be accepted.

The above is the relevant introduction to "What to do if your credit card is overdue and the loan to buy a house is not approved". If you follow the above-mentioned methods to remedy the situation and the bank still refuses to approve it, then it is recommended that you try another bank before applying for a mortgage. Trying more banks will always lead to success.

If my credit card is overdue, will my future home loan be affected?

Overdue credit cards will have a certain impact on future home purchase loans. When applying for a home purchase loan, the bank will check the borrower's personal credit information. If it finds that there is bad information such as an overdue credit card, it will evaluate the borrower's loan qualifications, which will affect the loan approval.

According to Article 5 of the "Personal Housing Loan Management Measures", the borrower must meet the following conditions at the same time:

1. Have a permanent urban residence or valid residence status;

2. Have a stable career and income, good credit, and the ability to repay the principal and interest of the loan;

3. Have a contract or agreement to purchase a house;

4. No housing subsidy A down payment of no less than RMB 30 of the total price of the house purchased shall be used as a down payment; if there is a housing subsidy, RMB 30 shall be paid by the individual as a down payment;

5. Have assets approved by the lender As a mortgage or pledge, or a unit or individual with sufficient repayment capacity as a guarantor;

6. Other conditions stipulated by the lender.

Extended information:

Article 35 of the "Measures for the Administration of Personal Housing Loans" If the borrower has any of the following circumstances, the lender shall apply in accordance with the relevant provisions of the "General Rules for Loans" of the People's Bank of China The regulations stipulate that the borrower shall be held liable for breach of contract:

1. The borrower fails to repay the principal and interest of the loan on time;

2. The borrower provides false documents or information, which has caused or may cause loan losses.

3. Without the consent of the lender, the borrower will set up a mortgage or pledge property or interest, sell, transfer, donate or repeat mortgage;

4. The borrower changes the purpose of the loan without authorization and misappropriates the loan;

5. The borrower refuses or obstructs the lender from supervising and inspecting the use of the loan;

6. The borrower and other legal persons or an economic organization signs a contract or agreement that damages the rights and interests of the lender;

7. The guarantor violates the guarantee contract or loses the ability to bear joint liability, the collateral is damaged due to accident and is insufficient to repay the principal and interest of the loan, and the pledged property is significantly reduced It affects the lender's realization of the pledge, but the borrower fails to implement new guarantees or new mortgages (pledges) as required.