1. What to do if the provident fund loan credit report is overdue

A certificate can be issued for overdue loans due to special circumstances. If the loan is overdue intentionally, payment must be made in time. If the credit card is not received or the credit card is not activated but the annual fee is overdue, or the annual fee is incurred because the credit card has not been cancelled, the party concerned can go to the relevant bank to issue a certificate, which generally will not affect normal loans.

Overdue payment is usually caused by the individual not understanding the bank's repayment date regulations, or the bank staff not clearly informing the repayment date, or the bank not notifying the individual when the loan interest rate is adjusted or the repayment date is changed. The contract stipulated timely repayment, but as a result, overdue records appeared on the personal credit report.

In addition, if professionals such as armed police, medical staff, and war reporters need to go to war zones, earthquake areas, etc. and cannot come back for several months, and communication is inconvenient, if a credit card appears Overdue, resulting in a bad credit record. If this happens, you can go to your workplace to issue relevant certificates and provide them to the bank. The bank can modify the customer's credit record and provide discounts on the interest and late fees incurred.

If the loan principal is not repaid in full and on time, the undeducted loan principal will be converted into an overdue loan, and the penalty interest rate will be 50% plus the loan interest rate specified in the loan contract. The borrower must The "Loan Guarantee Contract" stipulates that the company shall bear the liability for breach of contract related to overdue loans. Late repayment of provident fund loans will affect the borrower's personal credit:

1. Late repayment of provident fund loans also requires the borrower to pay a certain amount of penalty interest to the provident fund center. The longer the overdue period, the higher the penalty rate. The more penalty interest you pay, the greater the financial pressure the borrower will bear.

2. For friends who have delayed repayment for a long time, the bad credit stain will remain for 5 years. During these 5 years, if you want to handle cash services such as loans and credit cards, it is necessary will be affected.

2. How to eliminate overdue records of provident fund loans

Judge according to the overdue situation.

First of all, applicants can go to the credit reporting department of the local bank to check their credit report to see if there is any overdue credit card record. Because if the applicant's credit card is overdue in a short period of time and the credit card has been paid off before the bank reports it to the credit report, some banks may be lenient and will not record the applicant's overdue credit card in the credit report system.

Secondly, if there is indeed an overdue record in the credit report, if the number of overdues is small and the overdue time is short, and the applicant meets the provident fund loan requirements and there is no problem with the repayment ability, then the overdue provident fund loan application will be considered for the applicant. The impact is not big. If the overdue situation reflected in the credit report is serious, the Provident Fund Center will conduct a comprehensive review based on the applicant's income, provident fund payment status, etc.

Under normal circumstances, provident fund loans have lower credit requirements than commercial loans, but if the overdue amount is serious, it will also affect the provident fund loan application. When applying for a loan, the lending institution will require the borrower to provide bank statements, credit report and other supporting materials. Do not underestimate a small credit report. You must know that some situations reflected in the credit report will directly affect The approval result of the applicant’s loan application.

1. Whether the personal credit record is good. According to bank regulations, if a borrower's credit record has been overdue three times in a row or six times in total within two years, the bank's application is likely to be rejected.

2. Is the debt ratio too high? Although you can apply for a loan if you already have debts, if the borrower's debt ratio is too high, the bank will worry about the applicant's repayment ability and will not easily lend to the applicant. Generally speaking, the borrower's total debt ratio The maximum cannot be more than 50% of the total income, otherwise it will be difficult to apply for a loan.

3. Whether the spouse’s credit record is good. If the borrower is married, the bank will also need to check the credit status of the borrower's spouse when applying for a loan. If the spouse has bad credit, it will also directly affect the loan.

Therefore, no matter which way you apply for a loan, the borrower's credit record is more critical.

More often than not, a good credit record can not only increase the chance of successfully obtaining a loan, but also increase the loan limit.

3. What should I do if my provident fund loan credit report is overdue?

First of all, provident fund loans require you to have a good credit report in order to meet the loan conditions.

Secondly, if If your credit report is overdue, you can wait until your credit report is restored before applying for a loan.

4. How can I apply for provident fund if my personal credit report is overdue?

Credit requirements for provident fund loans

Generally speaking, housing provident fund loans have the following specific provisions on personal credit requirements:

1. The credit report has the following conditions The loan will not be granted if:

1. The borrower or his spouse has an overdue loan that has not been repaid;

2. The borrower has a quasi-credit card or credit card The card overdraft is overdue;

3. In the past 2 years, the applicant’s loans (excluding student loans) have been overdue for 6 consecutive periods.

2. If there is one of the following conditions in the credit report, and the conditions listed in Article 1 above are not met, the loan applicant and his or her spouse shall issue a written explanation of the situation and sign the "Commitment to repay the loan in full and on time" Loans can be granted after submitting the letter:

1. In the past 2 years, the borrower’s loan has been overdue for 3 to 5 consecutive periods, or the student loan has been overdue for 180 days;

2. In the past 2 years, the borrower’s loans (excluding student loans) have been overdue for 3 periods in total, but the loans have been overdue for less than 6 consecutive periods;

3. In the past year, the borrower has been overdue for The credit card overdraft is overdue for 180 days;

4. In the past year, the borrower's credit card overdraft has been overdue for three consecutive or cumulative periods.

3. If all overdue credit card overdraft records are due to failure to pay annual fees and there are no other transaction records, a loan can be granted