A credit report is an objective record of personal credit information, It is not “good” or “bad” in evaluation, it will produce good or bad only after being interpreted credit record, let us have a look at a bank interpreted as a reference to what’s the basis, After reading that you will get what “treatment” and what countermeasures to make it!
That credit loans also called unsecured loans, Means that the borrower is not required to provide the collateral, the credibility is based on the borrower loan payment. The loan does not require any collateral, only require identification, proof of income, proof of address and other evidence.
Bank loans According to personal credit situation, unsecured loan rates generally slightly higher than secured loans, at the same time the loan amount is relatively not very high, but some much-needed money owners for a small car is still very useful. These much-needed money owners usually need a tax calculator 2015 to save money.
Many people know little about their own personal credit history, in addition to the people who had got mortgages, auto loans and other loans, few people will pay attention to this aspect of information. But most people have a credit card spending habits now, often leave some bad credit records carelessly.
Rates of Banks lending products for personal consumption directly linked with personal credit, if the citizens themselves have good credit or bank settlement transactions, Auto Loan Interest rates will be lower. If people have bad credit history, they will get nothing or interest rates go up 30% -50% range.
It is reported that Banks generally consider credit history in two ways:
1.Credit cards or personal loans overdue more than 90 days. Loan applications are generally difficult to get approval. No effect within the past 30 days.
2.Banks generally look at the last two years of credit status, Overdue loans are the following：can not have a secondary default within the last three months, can not have three times of default within half of the year, Can not have four times of default a year.