Banks send p align= to bureau of credit histories the detailed information about all issued credits, contributions to their cancellation and also about failure cases in a loan. And since 2019 it is reported also about the reasons of similar failures. Last data allow to analyze basic reasons of failures in the credit.
the Failure in the credit is quite widespread phenomenon. And to the unaccomplished borrower often it is not told for what reason he did not suit bank. It is necessary only to guess it.
at the same time banks have the right to refuse output of a loan only for the reasons recommended by the Central Bank:
is an excessive debt load of the client;
is unauthenticity of the personal data specified by the borrower in the questionnaire;
are features credit the policy of the bank.
If to analyze the data on failures coming to CREDIT HISTORY BUREAUx can select with three basic reasons:
- on the second place appears high debt load of the borrower at the time of application for the new credit;
- bad credit history of the borrower because of what it is simpler to bank not to issue it the credit shorts the three, than to be exposed to risks.
Certainly, the great value plays the amount of monthly income of the borrower. Their level is obliged to be sufficient for timely loan repayment. Ideally maintenance costs of a loan shall not exceed one third of monthly income of the borrower. Then service of the credit will not lead to deterioration in its quality of life.
the CREDIT HISTORY BUREAUx Drawn on the basis of information conclusions in general correspond to those assumptions that were mentioned by specialists in the sphere of the credits and finance.
Possessing such information, it is possible to estimate beforehand own chances of receiving the credit. And if failure probability, in your judgement, very high, then it does not make a sense to submit the application behind the application to different banks. Existence of a large number of failures in your credit history in the future can cause suspicion in employees of the bank.