Will too many credit cards affect the mortgage?
If you have many credit cards, it will affect the mortgage to some extent. Everyone needs to pay attention to:
1. Too many credit cards will inevitably lead to a high total credit line.
2. When handling a credit card, the bank will inquire about the customer's personal credit report, thus leaving an inquiry record in the name of credit card approval. However, if there are too many credit cards, there will be more records of credit inquiry, which is easy to make credit "blossom".
There are many credit cards in the name. If customers don't control their credit card consumption, I'm afraid there will be many bills. If they don't pay the money by then, it will be bad. Once overdue, it will be reported to the central bank for credit reporting, thus leaving a bad record in the personal credit reporting. Moreover, personal credit is damaged, and customers will not want to apply for a mortgage for a while, which is basically impossible to pass the examination and approval.
Because of this, I suggest that you don't apply for too many credit cards, but at most three or five are enough. Usually, we should also pay attention to rational consumption to avoid overdue due to excessive repayment amount, which will affect the subsequent credit business.
What's the impact of too many credit cards?
1. Multiple credit card audit records are used for credit investigation.
Every time you apply for a credit card, whether it is successful or not, you will see a credit card approval inquiry record. The time of each credit card application can be inferred from the inquiry time and inquiry institution. If multiple inquiry records are concentrated in the same time period, the cost of credit investigation will become very high. The bank believes that the applicant's economic situation is not good, he is in urgent need of capital turnover, and there is a high loan risk, which is not conducive to credit card approval.
2. Multiple credits can easily lead to higher liabilities.
If the credit card is approved, it will also lead to multiple credits due to many applications. For example, there are credit card account opening records of more than three banks on the credit information, which is a multi-head credit, which is not conducive to subsequent loan applications. In particular, many banks' credit cards are overdrawn, which will increase the applicant's debt burden, thus affecting the judgment of the applicant's repayment ability, and there is a great risk of overdue.
The above is the answer to the question that too many credit cards will affect the housing loan. I hope it will help everyone.