Although the interest generated by online lending is relatively high, it is ok to use it temporarily when your capital turnover is not enough, as long as you remember to repay on time. Therefore, many people like to apply for small loans through online lending platforms. In fact, you apply for too many online loans. When you want to apply for a credit card or loan in the future, you will find that the bank is unwilling to give you the next payment. Why is this? Take a look with me ~

Factors affecting the payment rate of credit cards and loans

1. Recently, online loan applications have been frequent.

Generally speaking, if you have a stable income and good repayment ability, you can easily apply with a credit card. However, the number of recent online loan applications will have a great impact on the success rate of your credit card and loan application. If your online loan application is too frequent, after being detected by big data, the bank will think that your recent capital turnover is difficult, and you will also think that you are suspected of having more credit lines. Here you can list some common detection platforms, such as Sesame Credit and Tongdun Credit Information. You can detect the number of online loans you have recently applied for and the corresponding amount of the next payment. Therefore, the only solution is to minimize the number of online loan applications for a period of time before the application, so that the bank will not catch you.

2. Too many credit inquiries.

Here we should popularize the types of credit inquiry records, which are generally divided into two types. One is self-inquiry, usually online or at the bank counter. It doesn't hurt to check occasionally, you can check whether your identity information has been stolen by others; The other is the inquiry of institutions, including credit card approval, loan approval and guarantee qualification review.

Before you apply for an online loan, the online loan will check your personal credit report, which means that every time you apply for an online loan, there will be one more query record in your credit report. Therefore, your frequent application for online loans will directly lead to a lot of inquiry records on your credit report, and the success rate of your credit card and loan will be greatly reduced. In addition, most banks or financial institutions will require applicants to check their records in the last 1-2 months no more than the specified number of times.

3. Personal comprehensive score is not enough.

When many people apply for credit cards and loans, they sometimes encounter this situation, that is, the bank sends you a text message telling you that the audit failed because your comprehensive score is insufficient. In fact, this statement is only used to reject your unified statement. The specific reason depends on your personal situation. Some are because your credit inquiry is frequent, some are because your online loan is overdue, or because you have credit stains caused by other reasons.

Finally, it is suggested that you need to standardize your card use behavior and safeguard your personal credit information. If it is not necessary, try not to apply for online loans. After all, too many online loan applications will only discredit your credit report and reduce the bank's goodwill towards you, so it will not be worth the candle.