News

Bad credit can result in credit costs increased

bad credit, apply for loans, what is the most direct impact? many people worry that it will lead to higher loan costs, that's really the case? may wish to look at Bao loans, investment loans make understand what.

loan applicants, Bank first to see the borrower's credit history, to determine whether it has the willingness to pay, whether the loan repayment obligations of performance. In General, today two years overdue or late three times in a row of six times borrowers, even to the provision of housing collateral, often unable to make Bank, "security", then decline your loan application.

in this case, borrowers have to hopes to apply a lower threshold, higher credit costs of bank lenders, for example, pawnbrokers and guarantee companies. From this point of view, the borrower needs to pay expensive loan costs, drove up borrowing costs in a disguised form. Not only that, but backs credit blemishes will also allow borrowers missed the unsecured loan because, pawn shops and other companies that do not pay attention to the borrower's personal qualities, but upon audits will put more emphasis on collateral. Therefore, unable to provide collateral, and bad credit borrowers, access to credit is often a very challenging thing.

PREV: No informtation!

NEXT: No informtation!

BACK