1, application frequency is too high:
It is strange that the frequency of applying for more than 20 loans in one night is not high. If all the loans are on the credit report, there will be 20 loan approval records, all of which were applied on the same day. This credit report can no longer be spent, which will scare the lending institutions and think that this person is particularly short of money, fearing that the borrowed money will not be collected, and directly refuse the loan.
There is a saying that you can't eat a fat man in one breath, but you still have to think clearly about the loan, one platform at a time.
2. Insufficient comprehensive score:
Nowadays, many online loans don't need mortgage, but they are risky and often pay more attention to the qualifications of borrowers, especially credit and repayment ability. It's definitely not good to apply for 20 online loans in one night, perhaps because the repayment ability is not good.
For example, if the debt ratio exceeds 50%, the work situation is unstable, the income is not high, and there is no fixed assets as collateral, the comprehensive score will not be much higher. Do not meet the loan standards of lending institutions, the loan application is invalid and will not be issued. After all, for lending institutions, it may be useless to approve loans even if the principal is not recovered, even if the loan interest is higher.
3. Overdue loans
Many loan products have been connected to the credit information system. Once overdue, the credit will have overdue records, which will affect the borrower's personal credit.
In view of the problem of overdue credit information, borrowers need to settle overdue loans in time, accumulate good credit records, and strive to apply for loans after half a year.
4. Credit information flower
People have bad credit information or credit information has been inquired by financial institutions too many times, which is a popular term. General lending institutions will let users sign a clause before applying for loans, mainly to let users agree that lending institutions can inquire about personal credit information. Personal credit reports are hard-queried more than 5 times a month or 10 times a year, which can be called credit flowers.
It will be difficult to apply for a loan after the credit investigation, because the lending institution will speculate that the applicant is in poor economic condition, has limited repayment ability and is a high-risk customer, thus refusing to approve the loan.
In view of the situation that credit information is spent, loan applicants should stop applying for credit products and reduce the number of times that personal credit information is inquired by lending institutions.
5. The personal debt ratio is too high.
If there are already many loans under the borrower's name, the repayment pressure is high and the debt ratio is too high, the lending institution will feel that the borrower's repayment ability is insufficient, and loans overdue is risky and unwilling to issue loans.
In view of the problem of high debt ratio, borrowers can try their best to reduce personal debts, such as paying off some loans or providing more financial income proof materials to show their good repayment ability.