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 loans. If many loans are not paid off in time, the customer's personal debt ratio will be high.

Too many loan records in the big data credit report will turn into flowers. Once the big data credit report is spent, it will inevitably affect the handling of subsequent loans. Lending institutions/platforms will worry about customers' unstable economic life and insufficient repayment ability when approving, and may refuse to approve loans because of the high risk of lending.