Do you wonder if banks will refer to your credit records when you choose to use the car as a collateral? At present, car mortgages have gradually become the main mode of choice for car purchase or financial financing. And in that process, does your credit record have any effect? Let's get to know each other。

Is that what you're saying

As an expert in the financial field, banks conduct a serious assessment of the credit position of each borrower when processing a loan application. Credit records play an important role here. It is common to say that banks judge your solvency and credit position on the basis of your credit records and then decide whether to grant your loan application. If you have a good credit record, congratulations. The bank will not only approve your loan, but may also offer you more favourable loan terms. However, if your credit records point to problems, the bank may reject your loan application or at least force down your loan terms。

So, you might think, if I went through my credit records myself, would it have any effect on the loan? Relax, the answer is no. Personal access to credit records does not record the number and reason of your enquiries in the credit report, so it does not affect your loan. It is worth noting, however, that if financial institutions search your credit records, your credit report will show the search records and the reasons. If the number of times you apply for a loan leads to a search of the credit record, the potential lender may consider your loan to be too numerous, thereby affecting your loan application。