Can I get a loan if my overall score is insufficient?

1. Positive answer

When applying for a loan, the loan company’s review system will evaluate the sum of the applicant’s scores. If the score is lower than the system standard value, the loan application will be rejected. It will be rejected and it will prompt "Insufficient comprehensive score". If you want to continue the loan, you must find out the cause of the insufficient score and solve it before continuing the loan.

2. Specific analysis

Some reasons for insufficient comprehensive scores:

1. The application materials contain errors or are untrue.

When borrowing, if the application information is filled in incorrectly, the loan platform will not be able to confirm whether it is the person applying for the loan, and it will naturally be rejected. In addition, fraudulent activities such as stealing other people's identity information, fabricating work units, etc. will be immediately rejected.

2. The qualifications do not meet the loan conditions.

Loan platforms generally require applicants to have a stable job and provide proof of income. If there is no job or a job with low income and no other financial proof, it will easily lead to an insufficient overall score.

3. Have a bad credit record.

Many loan platforms have accessed the People's Bank of China credit reference or granted credit through Zhima Credit. If you have a bad credit record before, once the platform checks your personal credit, it is inevitable that the comprehensive score will be insufficient.

Generally, when people use the central bank’s credit records, they will leave traces of inquiries, which is disadvantageous for borrowers. Moreover, most online loans are not listed on the credit report, so the credit report cannot be checked. to specific online loan information, but now you can also learn about your personal data through the "Xiaoqixincha" data. Without leaving any trace, you can also learn more about online loan overdue information, application records, dishonesty information, and online loan blacklists. and other information.

3. How to check whether you are on the online loan blacklist?

If you want to check the blacklist of online loans, you usually check it on some private query systems and third-party platforms.

There are many private query systems. You should pay more attention when choosing. Choose those formal and large-scale institutions. In the industry, they usually include Beijian Sucha, Xiaoqixincha, and Tongdun Data. A platform for pre-loan review. Because small institutions are generally unreliable, if personal information is leaked, it will cause security risks.

If you want to check the central bank's credit report, just bring your ID card to the local central bank credit report center to check; you can also go to a local authorized commercial bank branch to check; or log in directly on the computer You can also check on the official website of the central bank.

The central bank’s credit reporting and online loan big data are basically unrelated. When applying for online loans, the main focus is on big data and platform risk control; when applying for bank loans and loans from lending institutions and platforms that are connected to the central bank's credit system, the main focus is the borrower's central bank credit report. Can I go to the bank for a loan if my overall score is insufficient?

If the comprehensive score is insufficient, you can try the following methods:

1. If the comprehensive score of online loans is insufficient, you can try to apply for a loan at a bank, so if the situation is special, you can pass some supporting materials Or something else to explain the situation and get a certain buffer.

2. If the bank loan is rejected due to insufficient comprehensive score, you can try some more formal online loans.

3. If the comprehensive score is insufficient, relevant users can also try to apply for other loan products. The comprehensive score of loan products is not universal.

Extended information:

What does "insufficient comprehensive credit score" mean when a loan is rejected?

The specific content of the comprehensive credit score can be summarized into four points.

1. Personal credit investigation.

If you have had too many inquiries from credit bureaus in the short term and have been overdue for a long time, then small loan companies or banks will think that you have some problems with your recent capital flow. Too many inquiries from short-term institutions are enough to prove that you are overdue. I have been short of money recently, and I have applied to many small loan companies but have not been successful, which shows that there is a certain risk and it is easy to be rejected.

2. The information filled in is untrue and incomplete.

Some friends provide false information when applying for loans, or package it. Generally, small loan companies will have professionally trained risk control reviewers. Customers who have packaged will usually have some small details problems, so be careful. The risk control department can usually find it, leading to direct rejection.

3. Economic income is unstable and debt is too high.

This is also an assessment in the comprehensive evaluation. If your monthly financial income is unstable, then you will have a certain amount of financial pressure if you repay the loan every month. This type of customer can easily become overdue; the same is true for those with high debt, who must repay the loan every month. If the loan is large, you may not have any remaining money to repay other loans. The risk is too great and it is easy to be rejected.

4. There are too many online loan applications and Tongdun data is not good, which directly makes them blacklisted for online loans.

Many friends have already applied on the online P2P platform before applying for a loan from a small loan company or bank. The amount applied for an online loan is not high. Then you go to a small loan company or bank to apply. It’s easy to get rejected. Because you can even borrow thousands of dollars in loans online, you are so short of money that neither small loan companies nor banks dare to lend to you. What should I do if my loan’s comprehensive score is insufficient?

1. First, check whether there are any errors or untruths in your application materials.

There are many people who fill in the information carelessly when borrowing money. If there is an extra digit in the mobile phone number, a wrong digit in the ID number, etc., the online loan platform cannot confirm whether it is the person applying for the loan, and it will naturally be rejected.

2. Secondly, check whether your qualifications meet the borrowing conditions.

Compared with bank loans, the threshold for online loan platform loans is much lower. But low does not mean there is no threshold. Small credit loans generally require borrowers to have stable employment or proof of income, while high credit loans also require proof of financial resources such as real estate and cars. If you don’t have a job or have a job with a low income, and have no other financial proof, it can easily lead to an insufficient overall score.

3. Finally, check whether you have a bad credit record.

Many online loan platforms have access to the People’s Bank of China credit report, or credit is granted through Sesame Credit. If you have a bad credit record before, and you happen to encounter a platform that needs to check your personal credit report, it is inevitable that the comprehensive score will be insufficient. of.

Extended information:

Insufficient comprehensive score is divided into three situations, namely:

1. Insufficient credit score: you need to ensure your credit score Keep good records and ensure that you have made your credit card repayments or other loans (including housing loans, car loans, and consumer loans) on time for at least the past six months.

2. Insufficient scoring for the authenticity of information: This can be avoided as long as you fill in your true information when applying, including address information, unit information, contact information, etc.

3. Insufficient scoring for the loan amount: This is mainly because the applicant’s income or other conditions are insufficient, making it impossible for the system to rate a high amount that exceeds the lower limit of the loan product. Note that some bank credit information updates will be uploaded one month later, so remember to wait until the middle of the next month for them to be useful.