Recently, the country's first personal bankruptcy case was settled in Wenzhou. Speaking of the personal bankruptcy system, in foreign countries, it is not uncommon for individuals to file for bankruptcy. If personal bankruptcy is only due to financial problems, there may be a chance for a comeback, but personal bankruptcy is often accompanied by personal credit bankruptcy.
Once credit bankruptcy occurs and the society loses its basic trust in individuals, it may be difficult to stand up again, and some people will even become homeless as a result.
The domestic emphasis on personal credit investigation is far less than that of developed countries. However, with the development of the Internet, especially the mobile Internet, in the past 10 years, inclusive finance has grown by leaps and bounds, loan products have penetrated deeply, and residents' demand and use of loan products The rate keeps climbing. In this process, the credit investigation system is constantly improving.
At present, problems with personal credit investigation in China will mainly affect the behavior of buying a house, buying a car, handling credit cards, consumer loans, etc. with loans. As far as buying a car is concerned, as long as it is not a full purchase, whether it is a traditional loan, a credit card installment, or a financial leasing method, a credit investigation is required. This is the central bank’s credit report. Banks or other financial institutions connected to the central bank’s credit report system will regularly report the applicant’s behavioral data to the central bank to form a detailed personal credit report.
If you want to maintain a good credit report, you must know what actions will ruin the credit report. Let's start with several reference points when the lending institution reviews the qualifications of applicants, and see in detail which factors and behaviors will ruin the credit investigation and ultimately affect the loan to buy a car. A personal credit report issued by the Central Bank Credit Information Center includes the following parts.
Generally speaking, when a lending institution checks an applicant's credit report, it will focus on the applicant's debt status, credit status, and other risk impact issues.
Key issues affecting liabilities
1. The debt or credit line is too high
Excessive debt, including existing mortgages, car loans, consumer loans, credit card debts, etc., and the amount of debt far exceeds the income of the applicant. In this case, financial institutions will most likely refuse to lend. Under normal circumstances, when the monthly income when applying for a loan is about twice the total monthly repayment, the loan application is easy to be approved. Once the monthly income is lower than the total monthly repayment, it is easy to be "picked" by financial institutions. NS.
2. Excessive use of products such as Yibei, Weixindai, JD Baitiao, etc.
Many young people nowadays are accustomed to using products such as Yibai, Xiaoweidai, Jingdong Baitiao, etc., but although these products are convenient to use, they will be called for credit.
3. Make large guarantees to others
The loan guarantee for others will also be reflected in the credit report. If the amount of guarantee is large, it means that you have a potential debt, and once the guarantor breaks the trust, you will be jointly and severally liable, which will invisibly increase the applicant’s Risks affect the application of car loans.
Important matters affecting credit
1. Overdue repayment records
In the third part of the credit transaction information details, there are the repayment records of various mortgages, car loans, other loans and credit cards under the applicant's name. Once the overdue repayment is reported by the financial institution, it will be reflected in this part. Regarding overdue repayment, the overdue reporting rules for car loans and other loans are different from the overdue reporting plan for credit cards.
2. Bad information in public records
If the applicant's credit report includes tax arrears records, civil judgment records, enforcement records, administrative penalty records, and telecommunications arrears records, etc., it is also a testimony of his personal creditworthiness, and the application for a car loan is likely to be rejected.
Other risk impact matters
1. Too many "query" records
Institutions and individuals will also be recorded in the credit investigation report, and the general "inquiry" record will show the credit inquiry records of who, when and for whatever reason in the past 2 years.
2. Too many "post-loan management" records
Friends with credit cards, many people blindly pursue a high limit, and often click on the card issuing bank’s WeChat or mobile app to increase the amount. This action may stimulate the bank to inquire about the personal credit report, and there will be an extra “loan” in the credit report. Post management" records. Similarly, applying for credit card installment may also produce "post-loan management" records. In general, the "loan management" in the credit report is neutral information, and the impact is not as large as overdue records, but it will also have adverse effects, which should be avoided as much as possible.
The adverse effects of credit reporting caused by the above behaviors cannot be eliminated, and some objective reasons or poor credit reporting records caused by financial institutions such as banks can be applied to be eliminated.
Returning to the theme, if the credit investigation has been "spend" or even become a bad credit investigation, can I still buy a car with a loan? ), regardless of whether you apply for a bank car loan or a manufacturer's financial car loan, you will most likely be rejected directly. If there are overdue records, but there are not many overdue times, it is also difficult to apply for a bank car loan. At this time, you can choose to apply for a car loan product from manufacturer finance, or you can also try to apply for a "10% down payment" to buy a car. The threshold is relatively low. Some.
The following remedial measures can also be provided in specific applications, including:
1. Provide detailed application materials such as property certificates
Explain your credit information to the financial institution and provide as many application materials as possible. The most important thing is the financial proof, including the real estate certificate, vehicle certificate, deposit certificate, stock or other investment product certificate, etc.
2. Reduce quota demand
Might as well increase the down payment ratio for buying a car, reduce the loan ratio and the amount. In the case of poor credit information, reducing the amount of demand is the best policy.
3. Provide guarantee or mortgage
For business such as car loans, if your personal reputation is difficult to persuade, you may wish to provide a guarantee or mortgage, which is relatively easier to apply for and the amount is more secure.
Finally, the financial editors of every family will popularize a few common senses for maintaining personal credit:
1. Say goodbye to "white households" as soon as possible
Consciously accumulate your credit records to prepare for future applications for mortgages and car loans. The easiest way is to apply for a credit card. For daily use, the precautions are to avoid overdue repayment, and the automatic repayment function can be bound. The car owner can apply for the car home co-branded card in the car home "me-my wallet-car owner credit card".
2. Avoid frequent credit checks
Although it is very convenient to inquire about credit, try to avoid frequent inquiries, because the action of inquiring about credit will also be reflected in the credit report. Frequent inquiries will make the bank think that you are short of money, and accordingly, the risk is relatively high.
3. Don't overdue
Regardless of whether you have a mortgage, car loan, consumer loan or a credit card, as long as you use it, you must repay the loan on time to avoid bad credit records due to overdue.
4. Avoid guaranteeing others or companies
Guarantees for others or companies will also be credited, and most of the time it will have a negative impact. Try to avoid it.
5. Don't forget to pay on time for living expenses, etc.
These details of life information will also be reflected in personal credit reports, such as telecommunication defaults, tax arrears, etc., which are related to personal credit and should be taken seriously.
The above is the content of this article. Friends who have plans to buy a car with a loan in the near future may wish to check their credit report first, find out the abnormality as soon as possible and deal with it in time. If you already have a car loan under your name, please do a good job of post-loan management and make sure to repay the loan in time to avoid overdue car loan.
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