Is borrowing a credit check once?

Borrow. It is possible to check the credit once by borrowing once, and it may also be on the credit after borrowing, so if you are worried that borrowing will affect the credit information, you must consider it carefully when borrowing.

Although Alipay said that it would report the lender's lending information to the central bank.

Credit investigation and borrowing are mainly based on Sesame Credit.

To provide users with loans, sesame points.

More than 600 to have the opportunity to open a loan, the central bank credit is only a supplement to sesame credit, the general Alipay users have a high sesame score, and may not check the central bank credit.

However, this mainly depends on luck, it is said that Alipay credit inquiry is based on the method of sampling survey, and credit reports from all over the country will be sampled in a month.

The inquiry is about 10% of the number of borrowers, so some people who apply for borrowing are checked for credit, and some people are not checked.

First, the front. Whether to check the credit investigation once for borrowing an application is mainly discussed in two situations.

2. Specific analysis.

In the first case, the user goes to the loan page, enters the loan amount, and submits the loan application.

In the second case, the user enters the borrowing page and only checks the current borrowing amount.

1. Agree to the agreement and confirm it, and check the credit report once.

After entering the borrowing page, the user needs to agree to the agreement at the bottom and confirm the amount of borrowing.

Among them, the agreement that needs to be agreed is for the service institution to inquire about and submit the loan-related information to the basic financial credit information database, where the basic financial credit information database is the credit investigation of the People's Bank of China.

Therefore, after the user submits the loan application, the financial institution will check the user's credit report.

In addition, if you apply for a credit check at a time, and frequently apply for borrowing, you will increase a large number of loan approval inquiry records, which will lead to personal credit being spent.

2. Enter the page to check the quota, and do not check the credit information.

The user just entered the loan page to check the loan amount, and because there was no agreement to the financial institution to check the credit report, he only checked the credit amount without checking the credit report.

The amount of the borrowing page is not fixed, and the system will evaluate the user's credit qualification status from time to time, so as to adjust the borrowing amount of the borrower.

It is normal for the borrowing amount to increase or decrease, and users can submit loan applications as long as there is a limit on the borrowing page.

If you apply too many times and are worried that your big data will lead to the inability to get a car loan or a mortgage in the future, you can check it quickly in Beijian and check it, the system provides the most accurate information for debtors, those who apply for too many online loans, loan users and platform risk control personnel. You can quickly query all kinds of big data, such as arrears records, loan applications, credit reports, etc., so that you can better understand your credit status.

If the user applies for a loan, then each time the user applies for a loan, the borrower will check the user's personal credit report.

Loan application inquiry records will not directly affect personal credit reporting, and only when there are more loan approval inquiry records, it will lead to personal credit investigation being spent.

During the repayment period, the financial institution that provides the borrowing service will also check the user's credit report.

At this time, a new post-loan management inquiry record will be added to the credit investigation, which is a soft query record, and even if there are many records, it will not affect the user's personal credit.

Since borrowing will only affect personal credit when there are a large number of applications, users applying for borrowing at an appropriate frequency will not affect personal credit reporting.

On the contrary, borrowing records that repay on time are good credit histories, which can help users improve their overall credit score.

Generally speaking, every time you borrow money, the platform will check your credit, and the credit will be released only after the inquiry is reviewed, because the credit report will change over time, and in order to ensure the safety of the funds, it will check the credit regularly. But it does not mean that you will check the credit once you click on it, because the borrowed funds ** are Ant Financial, and Ant Financial will check your central bank credit, but not all of them have to be seen, but instead of sampling surveys, 10 of the number of borrowers will be taken from all over the country a month to check the credit report.

Therefore, if you use a loan, there will only be a small probability that your credit report will be checked, and ant borrowing is generally on the credit after borrowing, so as long as you repay the loan on time, it will have no impact. However, I still want to remind you here that Alipay's ant borrowing is still a microfinance product, and if it is used frequently, it will still be recorded on big data, and when applying for other loans, it will still wear the hat of economic instability, low income, and frequent shortage of funds, which will have a certain impact on your credit information.

Extended Materials. What bad records will affect your credit reporting?

1) Frequent micro-loans.

There was a small storm before:

Suning Finance's "capricious payment" once reported every credit record to the credit report, and even if you use capricious payment to buy bags of salt, it will be on the credit report (of course, it has now been updated to report once a month). If you use it frequently, it will lead to a very large credit record, which is also commonly known as "credit spent".

For some financial institutions with strict vetting, seeing so many records may think that you are in poor financial condition and affect future loan applications.

2) Malicious overdue.

If you haven't paid back a penny for 3 consecutive months (90 days), it will basically be determined that it is maliciously overdue;

If there are more than 6 overdue repayments, it will be very troublesome to apply for a loan.

Of course, different credit institutions will have slightly different review criteria.

Overall: if there is only an occasional overdue, the impact is not great, so don't worry too much; However, if you don't pay your money all the time, or if you are too late too many times, it will affect your future loan approval.

3) Check the loan amount frequently.

If you frequently apply for small loans and credit card approvals in a short period of time, it may also cause a "bad" record and affect the loan.

The reason is very simple: if you have applied for credit many times to check your credit, but there has been no substantial loan, the lender is likely to think that you are in urgent need of funds and do not meet the conditions, and then will feel that it is risky to lend you money, and the loan approval will be very cautious.

If the system gives the user a matched borrower, you need to check the credit every time you borrow, then you will check the credit 5 times if you borrow 5 times. And some lenders do not check the credit, so they may borrow 5 times, and there is no record of any inquiry. Borrowing is not a product that necessarily goes on the credit report, many times it is a spot check, and if a user is spot-checked, then it is necessary to check the credit on the credit report.

If the borrower is overdue for repayment, it will definitely be on the credit investigation, because the lender of the borrowing has a cooperative relationship with the People's Bank of China.

Extended information] 1. Is it possible to obtain credit information for financial products such as borrowing and white strips?

It is certain that the products of licensed formal financial institutions such as borrowing, micro loans, online business loans, and white strips are on the credit report. The credit records show consumer loans or credit loans issued by microfinance companies. In addition, the credit record of online business loans shows that it is an operating loan issued by a microfinance company.

2. What impact will the use of financial credit products such as borrowing and white strips have on personal credit reporting?

As society continues to move forward, there are more and more places in life where it is necessary to evaluate the credit of individuals. Some people say that the use of this type of credit loan product will not have any impact on personal credit as long as it is not overdue, but it is logically correct, but in fact it is not. This kind of online loan product credit report will only show small consumer loans, not specific loan products, let alone what you do with the money.

This kind of small credit loan is generally at a high interest rate and is rarely used by ordinary people unless absolutely necessary. Whether we apply for a housing loan, car loan or other loans from the bank, the credit review staff of the bank generally believes that the borrower who needs to use the online loan will have more or less problems with his financial status and repayment ability, because this kind of loan not only has a high interest rate, but also the approval amount is usually not too high. This is definitely a minus point for the bank's personal comprehensive score of the applicant, which will affect the approval of the mortgage and car loan.

If a microcredit loan is overdue, the consequences will be even more severe.

3. What is the impact of financial products such as borrowing and white strips on applying for housing loans?

If you are using this kind of loan, almost all banks can not pass the approval to apply for a housing loan, usually the use of online small loans need to be paid off in full before you can apply for a housing loan, some banks need to settle for 6 months before you can apply, and some banks also need the applicant to provide a settlement certificate. In addition, the use of online loan products will also have an impact on the approval limit of housing loans, and banks usually reduce the amount of housing loan approval. If there are frequent records of the use of online loan products in the credit report, or even overdue, in this case, if the bank has a stricter approval of the housing loan, it will directly reject the applicant's loan request.

In addition, there is another disadvantage of applying for a mortgage after using online loan products, that is, it is generally difficult to get preferential interest rates for loans, and some applicants will be subject to floating interest.

It is not necessary to check the credit report every time, it is usually a random check.

Borrowing is a small loan initiated by Alipay, funded by Ant Financial. The main review is the borrower's use of personal Alipay accounts and Sesame Credit.

If the loan is overdue, it can damage the credit of the individual** bank, which will affect the individual's future credit behavior.

Extended Information] Credit Loan (formerly known as Borrow) is a loan service launched by Ant Financial Services Group relying on Alipay, and users can apply for different loan amounts according to different sesame scores. The maximum repayment period of the loan is 12 months, and the daily interest rate of the loan is to borrow and repay at any time.

When borrowing, users can choose to lend money to Alipay accounts and bound savings bank cards for personal consumption, decoration, travel, etc. In November 2021, the name of the borrower has been changed to "credit loan", and it is clearly indicated that the bank will provide services.

The credit will be reported after 3 days after the borrowing is overdue. According to the official information of the borrower, the ant borrower can be overdue for 3 days, that is, after the loan is overdue for 3 days, the borrower's overdue record will be reported to the central bank's credit system. Although Ant Borrowing is overdue for less than 3 days will not affect personal credit reporting, it may have a negative impact on Sesame Credit Score, thereby affecting the credit line of Ant Borrowing.

Although it is said that the overdue records in the credit report will be retained for 5 years, but they should be paid off in a timely manner, and then maintain a good credit record, the negative impact of the original overdue record on the user's credit report is limited. And the longer the time interval, the smaller the impact, but the application for credit business within 2 years will affect the review.

As long as the overdue time is not too long, non-malicious overdue, then there is a high probability that it will not be uploaded to the credit report, even if it is uploaded, but because the overdue amount is small and short, explain the specific situation to the bank when taking out the loan, and there is still a chance to pass the loan review.

Personal credit reports generally show overdue records in the past 5 years. Check personal credit reports through the personal credit information service platform of the People's Bank of China Credit Information Center. When applying for a loan or credit card, most banks will look at the user's credit report in the past two years.

If there is an overdue record in the credit report, then use the credit card to repay the loan on time, so that the good record can cover the previous bad record.

Borrow. ”。This shows that the loan record of each loan will be uploaded to the credit information system of the People's Bank of China. If it is a record of repayment on time, it is conducive to maintaining personal credit.

However, online loan records have an impact on applying for housing loans, car loans, and credit cards, so try not to apply for borrowing at the same time when applying for the above businesses.

Is it on the credit report for borrowing, and will there be a record on the credit report every time you borrow?

Borrowing is a credit borrowing product in Alipay, generally as long as the user's sesame credit score reaches 600 points, you can open a loan, and later when you need to borrow, you can directly borrow your own credit in Alipay.

Although Alipay's borrowing is very convenient, there are still many users who have heard that borrowing is on the credit report, and as long as the borrowing occurs, every loan will be reflected in the credit report, so they are worried that it will affect their credit history.

So does borrowing really have a record on the credit report every time you borrow?

First of all, we can be sure that if the borrower is overdue for repayment, it will definitely be on the credit report, so it is understood that the borrower will indeed be recorded in the credit system every time he borrows, but in fact, as long as the user repays the loan on time, there is no overdue repayment record, and it will generally not have a great impact on his credit situation.

When the general user takes out a loan in the later stage, the lending institution and the bank mainly look at the user's credit status and whether there is an overdue record when reviewing the user's credit report, so as long as there is no credit stain, it will generally not affect their own loans.

However, it is not excluded that the user is borrowing too much, and may be borrowing every month, so although there is no overdue, the bank may also judge that the user is very short of money, and will worry about the user's repayment ability, which will affect the user's loan.

Credit investigation is very important in daily life, so we must pay attention to our credit information, no matter where we take out a loan, do not have overdue repayment.

Once the credit is overdue, then when making any loan in the later stage, it will generally be hindered, and sometimes even if the loan can be made with bad credit, the interest rate of the loan will be higher than that of users with better credit, so this is also to pay for their previous bad credit problems, which is very cost-effective.

Once there is a credit problem, it will not only affect the loan, but also affect the transportation and personal development of users with serious bad credit.