When deciding whether to issue a loan or not, banks rely on the customer’s solvency analysis. The total income and debt burden level is considered, i.e. what monthly mandatory payments take place. A good credit story is important, too. But there are also secondary factors that can affect the decision of the credit organization.
1. Simultaneous appeal to several banks
If you need a loan, experts advise first to apply to one organization. If a rejection is received, then the following. The simultaneous filing of applications to several organizations is treated as suspicious by security. More often than not, people who badly need money, but everywhere get refused, and so there is a chance that at least someone will lend.
Such information is provided by the bureau of credit histories. They have data not only on applications to banks, but also in MFIs, as well as fixed refusals. In this case, it is better to wait 2-3 months and apply again.
A person may be refused if he is a guarantor on someone else’s loan. Although the borrower makes monthly payments and has an excellent credit history, there remains a risk of no return. Then the obligation to pay the loan will fall on the guarantor. The ratio of income, the balance of the loan under the surety agreement and the amount of the requested loan is important here.
will not be possible to withdraw unilaterally from the contract of surety. It is necessary to carry out a procedure to replace the guarantor, having obtained the prior consent of the borrower and the lender.
3. Availability of credit cards
Even if the cards are simply stored just in case and are not used, the mere fact of their availability is already an obstacle to obtaining a loan. The bank believes that the customer can use the card at any time, and then the aggregate payments will be unlifting.
According to the general rule, banks deposit up to 10% of the limit of the already available card in the calculated debt load. Thus, the card with a limit of 50 000 rubles is already an automatic increase in monthly payments to 5000 rubles, even if it is not used. Therefore, when applying for a large loan, such accounts are recommended to close.
4. Good credit history A
seemingly reliable borrower, one can safely issue a loan. But there is a nuance — early repayment. By issuing a loan, the bank incurs certain expenses, which is covered by interest, but also wants to earn. In early repayment, the organization loses this very income, by the way, hence the moratoriums for the first months.
Lending a loan to a financially competent person is simply unprofitable. A conscientious borrower can fall into such a trap.
5. The unclosed contract
is very important after the transfer of the last payment to close the credit agreement itself, which not everyone does and not always do. There are times when payment is delayed. As a result, a penalty or penalty is charged for delinquency. The amount is small, rarely exceeds even 100 rubles, but is listed as debt.
bank does not want to spend time on notice and recovery, but the information in the bureau of credit histories submits. So an honest borrower easily turns into a malicious defaulter. Therefore, before applying for a loan, it is important to make sure that there are no arrears left.
6. Bureaux errors and fraud events
Credit history may contain information about loans, which were not at all. These could be loans made out by fraudsters. In this case, it is necessary to contact law enforcement agencies immediately and not wait for calls from collectors. Then to apply to the credit organization with the application and already through court to prove that the person didn’t take the loan. Especially difficult with MFIs, which issue loans remotely via the internet.
Either it’s a credit history bureau error. For example, duplication of information on a valid loan, which automatically halves the debt load. In this case, a written claim will have to be filed with the bank for correction.
7. Not credit debts
In addition to loans, there can be other debts, such as taxes, fines, utility payments and maintenance. Their presence will negatively affect the decision of the credit organization. If the client allows delinquencies on them, it is likely that difficulties will also be with the return of the loan.
Therefore, it is recommended that there are no arrears on existing obligations. Information can be found on the Public Services portal or the Bailiff Service website.
8. Credit histories of relatives
This is relevant under zero credit history. It is difficult for the bank to assess a customer’s solvency, and he can check it with his close relatives. This allows you to predict the probability of a loan default, but does not give 100% certainty. Solvency is still a quality individual.
In any case, to be insured, you must check your own credit history in advance. Twice a year it can be requested absolutely free of charge (electronic and paper). You can find out which organization it is stored in and make a request through the website of the State Service.