Emergency loans are mainly based on the applicant's credit rating. Generally speaking, the better the credit record of the loan applicant, the higher the loan amount can be obtained. It is very important to keep a good credit record.
As for the credit survey, it records the past credit behaviors of individuals, which will affect their future economic activities. Once there is a credit stain, it will have a serious impact on personal life.
If the borrower is overdue, the emergency loan will charge the overdue borrower a penalty interest. When the borrower is overdue, the emergency loan will also arrange staff to come to collect the loan.
In the case of serious overdue behavior, emergency loan will reduce the borrower's comprehensive score, cancel the borrower's loan authority, and only allow the debtor to pay back the money, but not allow the debtor to borrow money again.
The borrower's credit information is tainted, and he will not be able to apply for loans such as mortgages and credit cards. In addition, long-term overdue will also allow banks to sue borrowers as untrustworthy executors to the court, resulting in serious legal consequences.