Applying for a loan too many times or authorizing a personal credit report too many times will affect the user's credit report. After the application is completed, it is impossible to apply for a loan in a short period of time. If customers apply for loans on many loan platforms, it will indeed have a certain impact. Because there are too many frequent loans, it is easy to have long-term loans. If many loans are not repaid in time, the customer's personal debt ratio will be very high. In addition, too many loan records in big data (credit reports) will become "flowers". Once big data (credit report) "blooms", it will inevitably affect the processing of subsequent loans. Lending institutions/platforms will be worried about the unstable economic life and insufficient repayment ability of customers when approving them, and may reject the loan due to high loan risk. Therefore, customers should pay attention to avoid frequent borrowing. At the same time, the number of loans cannot exceed ten, otherwise the repayment burden will be too large and the risk of overdue will easily increase. If they fail to repay on time within the stipulated repayment period, the overdue situation will also cause damage to their personal credit. Then you don’t want to borrow again in the short term, and the damaged credit will be difficult to repair in the short term.

: 1. The purpose of personal credit reporting: Currently it is mainly used for various consumer credit businesses of banks. With the continuous improvement of the social credit system, credit reports will be more widely used in various commercial credit sales, credit transactions, recruitment and job hunting and other fields. In addition, personal credit reports also provide a way for enquirers to review and regulate their credit record behavior, forming a verification mechanism for personal credit information.

2. Personal Credit Information Management Measures: If the information subject believes that there are errors or omissions in the information collected, saved or provided by the credit information agency, he has the right to raise objections and request corrections to the credit information agency or information provider. If a credit reporting agency or information provider receives an objection, it shall mark the objection on the relevant information in accordance with the provisions of the credit reporting supervision and management department of the State Council, and verify and handle it within 20 days from the date of receipt of the objection. Object and provide a written reply to the objector. After verification, if it is confirmed that there are errors or omissions in the relevant information, the information provider and the credit reporting agency shall make corrections; if it is confirmed that there are no errors or omissions, the objection mark shall be cancelled; if it cannot be confirmed after verification, the verification and objection content shall be recorded.