1, the age does not meet the requirements. Most microfinance platforms require users to be between 18-55 years old. Users who are too old or too young will be refused loans, because users of different ages have different incomes and repayment abilities, and their borrowing risks are also different. Therefore, when applying for a loan, users should consider whether they meet the requirements of the loan conditions, and then submit the application after confirming that they meet the conditions, so as to successfully apply for a loan.
2. People who can't be trusted. This kind of user's credit report has a record enforced by the court. If this record is found in the credit inquiry after applying for a loan, he will also choose to refuse the loan. Because any lending institution can't provide financial services for the person who has broken his promise, the assets under the name of the person who has broken his promise are frozen. Considering the loan risk, lending institutions generally won't issue loans. If the user wants to apply for a loan successfully, it is suggested that the identity of the untrustworthy executor must be lifted.
3. Bad credit users. If the borrower's credit report is overdue in recent two years, or there are special records such as bad debts and compensation, it means that the user has bad credit. As long as the loan platform applied for is credit inquiry, 100% will be rejected. Therefore, users must first stop bad credit behavior and spend at least 2 years to maintain a good credit record before they can successfully apply for loans.
4. Not a solvent. Users who have no stable work income or high income, but the debt ratio exceeds 50%, will be considered as insufficient repayment ability. The major lending platforms will only issue loans when it is determined that the borrower has sufficient repayment ability. If the user's current repayment ability is insufficient, in order to avoid bad debts, he will definitely refuse to approve loans for the user. Therefore, users must strive to increase their personal income.
The above is the solution to the failure of loan platform application. Users should find problems according to their actual situation and then take measures to solve them, so that the loan application can be successful.