I want to use this question to popularize an idea to the subject. Under normal circumstances, never apply for online loans. You may be attracted by the advertisements of online loans. Some online loans even quit the so-called gimmicks, but in fact, the annualized comprehensive interest rates of these online loans are very high, basically reaching the level of usury.
At present, all online lending platforms are very pitted.
You can think of the online lending platform as a loan supermarket that integrates many online lending products. Users can apply for corresponding loans through unified credit management by registering personal information on this online lending platform. This kind of loan is a small online loan, which can generally be applied through the user's personal credit information. It is also for this reason that it is difficult for users to apply for a high credit line, but the interest is high.
Online lending will affect your personal credit information.
I would say that all online lending platforms and online lending are very bad, mainly because your online lending records will directly affect your personal credit information. Whether the online loan you applied for is approved or not, and whether you get the money, these application records will be reflected in your personal credit report. Imagine that if a person frequently applies for various online loans in a short period of time, everyone will think that this person's personal credit is worrying.
I suggest you stay away from online loans.
As we all know, online lending harms people, but there are still many users who take the initiative to apply for online lending. One of the characteristics of this kind of users is that they have a weak concept of financial management, and even the basic annualized interest rate will not be counted. It is also for this reason that the financial situation of such users is very poor. By frequently applying for online loans to maintain their debts, this way will make them deeper and deeper.
To sum up, all online lending platforms are very pitted, so I don't recommend actively applying for these online loans. If your cash flow is tight, you can solve the problem in a realistic way.