Many may have been unable to pay in a timely manner because of economic tensions or sudden-onset situations, leaving behind overdue records on letters of call. This has led many to fear that they would be rejected for this reason. However, things are not as serious as you think. Even if the letter of request contains an overdue record, the outcome of the specific loan approval depends on the individual case。

Can I borrow your letter? Not as bad as you think

If you have current overdue records on your letter of request, or if you have been blacklisted at some point in time, it is almost impossible in this case to make a loan, and banks generally refuse. However, there is still an opportunity to obtain a loan in such a case if it has been settled only after a previous delay。

The main concern of financial institutions is your lending over the last two years. If you can ensure that there are no delays during these two years, the success rate of the loans is quite high. In these two years, the bank will assess its impact on your application for a loan based on the extent of the delay。

In general, there is no need to be discouraged, even if the letters are overdue. In fact, banks now offer a variety of loan products, many of which are targeted specifically at people with insufficient qualifications. For example, if your letter of request is currently overdue or blacklisted, you can apply for a secured loan, although you cannot apply for a general loan. As long as a guarantor or guarantor that meets the requirements of the bank is available, such a loan would require a lower qualification of the borrower。

In addition, not all loan products need to be certified, especially some Internet lending products. Many of the micro-credit products are not connected to the letter system, so whatever the status of your letter, it does not affect the final audit results. Where loans are needed, priority may be given to these products。

Taken together, maintaining a good credit record remains the key to reducing trouble and making loans smooth。