From today on the importance of credit reporting
Editor’s note: This article from WeChat public number Magic wealth view ( ID: moducaiguan), the author of the Magic Capital View team.
Doing real estate from the media, I always pay attention to the public number that everyone usually loves to watch.
The reporter found that almost all the articles are about the location, product and price of the house.
These are really important. But if we really buy a house, we know that one thing is more important than this:
That is credit.
Yes, it is financing to borrow money. No matter in which city to buy a house, the current housing prices make the buyers a little powerless, almost all of the friends have to use loans to afford the house.
The experience of the past years tells me that buying a house is not about borrowing money or just borrowing money.
What is the most important thing for credit loans?
I think it should be a credit.
Today’s article, let’s talk to you about the credit. Not complicated, it is practical, I hope to help you.
In fact, China’s credit business started very late.
Until 2004, the PBC established a national unified credit reporting system. From then on, each of our credit records will be entered into the credit system. In addition to banks, there are also information on courts, social security, and provident fund centers.
After more than a decade ago, when I first entered the financial industry, I was fortunate enough to participate in the construction of the PBC system.
After participating, I discovered that the mysterious personal credit information system was not so complicated. Simply put, it is a large database for recording personal economic ID cards. It is connected with the credit system of each bank and updated daily. . In China, only the PBOC has this authority, which can promote credit information sharing between competing and delicate banks. The following is the website of the Credit Information Center of the People’s Bank of China.
Since the credit system has been in place, everyone’s historical debt situation has been exposed to the bank.
Slowly, banks began to use credit as a primary means of credit due diligence.
andWhat people usually think is different. When the bank teacher reviews personal loans, there is not much way to judge personal qualifications, mainly based on property collateral, wages, loan use, and personal credit information. Personal credit is credible and easy to obtain, and now is the most important way.
Because banks do not recognize customers well, and they do not lack customers, banks generally take sinful assumptions about cautiousness in personal credit reporting. The embarrassment on the credit card will really affect the loan approval.
Okay, to understand the mechanism by which banks can review loans through credit reporting, everyone will understand why the loan-restriction policy is generally much more stringent than the purchase restriction.
Many major cities have limited loans. Friends who buy a house in the local area often step on such a pit:
A few years ago, I bought a house in the field and rushed to use my first home loan qualification, resulting in a high down payment ratio when buying a house in a big city. For example, if you buy a house in Shanghai, as long as you have a loan record, whether it is a local or foreign record, the down payment must be 70%.
Different from the limit purchase, only pay attention to the number of local real estate. On the limit loan, the bank can easily find out the personal mortgage record in the country through credit reporting, and then increase the down payment ratio of the mortgage.
The previously popular method of mortgage lending is to buy two suites at the same time, and apply for the first mortgage of the first bank of the two banks, which is not feasible at the moment. Because the individual will apply for a loan, the bank will check the two credits:
1. The first time is to investigate personal qualifications and review the loan process;
2, the second time is approval approval, before the loan is issued;
It is precisely because the bank will review the credit before refinancing, you can find out the record of the loan being applied for by other banks under the personal name. The bank can easily reject the speculators who want to take advantage of the loop.
So everyone should have seen it, and the credit can really keep many people out.
I have been careful with personal credit reporting.
To understand the importance of credit reporting, let us look at how to find the credit.
The easiest way to do this is to go to the Personal Credit Information Center (pbccrc.org.cn) website.
Online inquiry is indeed the most convenient way, but it is also the most pitted way.
Because the Internet has been found to be very satisfying, the information on the credit report obtained is small, and the lack of information such as provident fund and social security is almost useless. It is a waste of a query.
Don’t underestimate the opportunity of this inquiry. What many friends don’t know is that in fact, the number of personal credit inquiry is a very important indicator for the bank to review the loan.
If a person searches for more than 6 times in a half-year period, then this person is not a good customer in the bank. Note that this includes the number of times of your own query.number. Because he is likely to apply for loans in various banks, there are more potential unissued loans, which will directly affect future loan applications.
So, we ourselves are especially cherished every opportunity to search for credit, and we will go offline to check the letter.
There are credit information services for pedestrian branches throughout the country. You can go there on your own. The following is the Chengdu pedestrian branch.
The more we use it is the self-service query machine. Each city will deploy such equipment at some bank outlets. Like Shanghai, there are 12 banks to support. You can take your ID card and get your own report through face recognition.
It is important to note that you must select the detailed version when selecting the print version of the credit report on the self-service machine. In case you accidentally choose a short version, it is equivalent to wasting a query.
So let’s see what the real credit report looks like.
The following is a detailed version of the credit report, which is the first part of the basic personal information.
The most important part of this is the occupational information column. It only displays the latest 5 items. If there is new information, it will replace the original information.
For bank teachers, they prefer civil servants, state-owned enterprises or institutions, and financial institutions, code farmers and real estate practitioners are also quality people.
If you have had some less decent work experience in the past, such as P2P, intermediary industry, will be reduced by the bank.
At this time, everyone can use the occupation information replacement rules mentioned above, try to apply for some credit cards, refresh your career information, and let the credit report show your current best career information status. Letter plus points.
followed by a summary of the information, which is the most important part of the credit report, with the most comprehensive loan and overdue information.
From the above picture, you can find out thatEvery mortgage and credit card you have will be clearly reflected in this part of the information. Therefore, when the bank reviews the loan, it will certainly take a glance at the information summary.
Everyone must look at the “number of personal housing loans” column, here is the most concerned about the qualification of female loans. As long as your column is not 0, it means that you have used your first home loan for the first time.
Additional attention is paid to overdue information.
Loan loans like mortgages and credit loans, even if they only passed the last repayment date of 24:00, the bank immediately decided to overdue and immediately reported the credit. More terrible is that some banks because of the IT system, the deadline for the final repayment date is advanced to 20 o’clock, everyone should be careful, don’t get too tight.
The usual overdue situations around us are often the following:
1, the repayment account does not have enough money left,
2, you will be charged to your account beyond the deduction period,
3. There is enough money left before the specified time, but the deduction for other purposes results in insufficient balance.
However, if it is really overdue, it is not the end of the world, and I will give you a detailed explanation.
We continue to look at the credit transaction information section, which will detail the credit status of each loan or each credit card.
The first thing to be reminded is that those who like to play cards should pay special attention to the “last 6 months average usage quota” field. This reflects your credit card spending within six months. If your credit card average usage is particularly large, the bank will deduct these existing liabilities when the new loan is issued.
The other one is the repayment record, mainly represented by letters and symbols, N for normal repayment, and * for no repayment history this month.
The above fields are normal. Let’s talk about the overdue situation that everyone should pay attention to.
The credit report also uses different numbers to represent different overdue days:
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1 means overdue for 1-30 days
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2 means overdue 30-60 days
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3 means overdue for 61-90 days
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4 means overdue for 90-120 days
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5 means overdue for 121-150 days
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6 means overdue for 151-180 days
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7 means overdue for more than 180 days
From the size of the number, you can know the severity of the above overdue.
If there are occasional occurrences of 1 or 2 overdue within 30 days, it does not matter much. This kind of quick repayment after a short overdue will generally not affect your loan approval. And the overdue record is only kept for 5 years.
Okay, the content of the letter is probably finished here. Finally, I still want to give you some suggestions:
1. Make good use of high-quality moments in your career and apply for some high-quality debts. There are a lot of low-interest and large-value loans that are only open to specific industries such as civil servants and finance. Many loans have a whitelist of industries, and they should all be done before they quit.
2. The order of loan applications is from large to small, from difficult to easy. Start with a mortgage loan and then consider credit cards, credit loans, and the like.
3. Control the number of credit loan applications. What many people don’t know is that if a credit loan is applied for, it will remain on the credit card for a long time. After the payment is made, it will slightly affect the credit information. In addition, the nature of Internet loans such as borrowing and microfinance is also a credit loan.
4. Avoid overdue, especially continuous overdue. It is not terrible to overdue. The terrible thing is that “even 3 tired 6” is overdue, 3 consecutive times over 2 years or 6 times overdue.
5, to avoid bad debts. The easiest way to apply is to apply for a credit card with an annual fee. If you do not use it for a long time after activation, the arrears will be overdue
6. Avoid external guarantees. The guarantee for others will be recorded in the credit. Many of the friends don’t know that they have helped others to guarantee the loan, and then they are so tired. So you can’t understand the bank agreement, don’t mess with the signature.
In fact, the matter of credit is both important and low-key. Many people did not find out until they were refused.
Although a good credit cannot give you more money,
But a bad credit will definitely make you unable to borrow money.
I think, each of us should treat our credit as seriously as we do.