Does BMW financial audit look at credit reporting?

Under what circumstances will BMW Finance refuse the loan? These aspects should be avoided!

; ? In the past, luxury cars were bought by rich people, but with the rise of auto loan business, many people began to plan to pay a down payment first, and then pay it back every month to buy a good car. Some users have asked, under what circumstances will BMW Finance refuse the loan? Let's talk about it briefly.

Under what circumstances will BMW Finance refuse the loan?

The user's situation is like this: I have a mortgage house under my name, which costs about 7500 yuan per month. I took a fancy to a BMW 3 Series this time. It is estimated that the monthly repayment will be about 2300 yuan. The average monthly salary for half a year is about 14000 yuan, and I have a good credit report. However, I went to the 4S store to apply that day and learned that the news was rejected in the afternoon.

From the above example, the user qualification is still good, and the biggest problem may be excessive debt. As for the user's mortgage, plus this car loan, it will cost about 1 10,000 a month, plus the daily consumption of the car and the personal consumption of the user, the pressure is still great, and it may be overdue if you are not careful, so it is normal for the organization to worry.

In addition, if the applicant's credit situation is not good, it will also be rejected. BMW Financial will check its credit information during the audit. If there is a serious overdue record, it will also be rejected for risk reasons.

The above is about "Under what circumstances will BMW Finance refuse the loan?" The answer, I hope to help everyone. Generally speaking, there are two reasons for BMW Financial's refusal. First, it has the ability to repay. If the income is not enough or the debt is high, it will be rejected; The second is whether you are willing to pay it back. If the user has no credibility and is often overdue, then the other party will not dare to lend the money.

How many months has BMW Finance been looking for credit information?

Credit history within two years.

BMW's financial audit is based on credit reports. Users need to authorize BMW Finance to inquire about personal credit reports when applying for a BMW financial loan. Whether the loan is approved or not, the inquiry record will be kept in the credit report for 2 years, and will be automatically eliminated after 2 years. In addition, auto financing companies cooperate with the central bank in credit reporting, and loan records and overdue records will be uploaded to the credit reporting.

The overdue records of BMW Financial loans overdue are kept for five years after settlement, which has a continuous impact on personal credit.

Does BMW finance loan check credit information? There are still these consequences after the deadline!

; ? It is not uncommon to buy a car now. In the past, only a few people could afford luxury cars such as Audi and BMW. Now, most people can have them by installment. If money is tight, you can apply for a car loan from BMW Finance and buy a car by stages. So, does BMW finance loan check credit information? Let's get to know each other.

Warm reminder: all cars will go to the central bank for credit information, so they will also check your credit information report.

The credit report will show your name, ID number, home address, work unit and so on. The loan information will show the loan issuer, loan amount, loan term, repayment method, actual repayment record, etc.

1. Does BMW finance loan check credit information?

Yes, the credit report will leave a record of loan approval. If the total number of queries is too large, it may affect your reputation.

2. What is the impact of BMW financial loans on credit reporting?

1 Ensure that the financial arrears of BMW are settled in time and all expenses are paid;

Once overdue, bad records can be automatically cleared after five years of repayment, and loan business can be handled normally at that time;

3 if there is no repayment, the bank can trace it back once after five years, and the non-recording period will be increased by five years;

4. If the circumstances are bad, it can be traced back to permanent preservation;

5 during the period of bad credit investigation, you can't buy train tickets or plane tickets to travel;

6 during the period of bad credit investigation, you can't use loans or credit cards;

During the period of bad credit reporting, travel abroad is restricted.

3. What is the impact of BMW Finance's non-repayment?

First of all, the customer service staff will arrange the collection, specifically telephone contact, SMS notification, and may call your contact person.

Because BMW will install GPS, if it doesn't get on after a certain period of time, it may be tracked and towed away, and it will be necessary to pay off the arrears before returning the car.

If you don't repay for a long time, you may be sued in court. Once you refuse to repay, you will be applied for enforcement.

Is BMW financially strict? Will it be approved after the deadline?

BMW's finance is strictly overdue and will not be approved. Because BMW finance is reviewing. The user's credit information will be queried. If the applicant's credit information is not good or has a serious overdue record, it will also be rejected.