Of course, the number of online loan applications has an impact! At present, the mainstream loan software on the market requires authorization to view credit information and big data when applying. In a certain period of time, the more times you check, the lower the score of credit information and big data, and the lower the success rate and quota of applying for loans in the later period! Therefore, you must think twice before applying for online loans! As an experienced person, I will share some of my experiences and detours with you:

First of all, the interest rate of loan software is generally high, so try not to use loan software when you can use bank loans. If you really need funds urgently, don't rush to the hospital and blindly apply for various loan platforms! An experienced person summed up the following experience for you:

1, first choose big platforms such as Alipay and WeChat;

2. If the amount of Alipay and WeChat is not enough, then apply for other software. At this time, don't apply at will regardless of the platform. It is easy to engage in credit information and big data, which will affect all aspects of life, such as buying a house and buying a car with a loan! You can study the quota and pass rate of different platforms first, find out the loan software that suits you, and then lend. If you don't know the characteristics of different loan software, you can go to some official WeChat accounts, such as "Qian Xiaoliu". Here, some formal loan softwares on the market are classified according to high pass rate and high quota, and they are basically pure online applications without telephone contact. You can apply according to your current actual situation.

3. If you can't even make a loan with a high pass rate or the loan amount is very low (below 3,000), I suggest that you don't apply for online loans in the short term, which is a vicious circle!

At this time, if you really need to borrow money, you can go offline to find some small loan companies, often requiring third-party guarantees. On the whole, the rate is very high! I don't suggest going so far unless you have to!

What will happen if I apply for a loan many times online? Why did the application fail?

Online loans are mostly credit loans, and there is no need for mortgage guarantee, so the application is convenient and fast. For this reason, many people will go online as long as they are short of money. However, it is not a good thing to apply for online loans too many times. Many people will ask what happens when you apply for a loan many times online. Why did the application fail? Let's briefly introduce it today.

What will happen if I apply for a loan many times online?

There are too many times to apply for loans online, which is easy to have some bad effects. Three things are obvious.

1. Most online loans are connected to the credit information system. Whether the loan is successful or not, it will leave a record on the credit report. In particular, there will be many inquiry records of loan approval, which will make the borrower's credit information rich and colorful. If you need to apply for credit business in the later stage, it will be considered that the repayment ability is insufficient and the approval will be more strict.

2. Everyone's online loan amount is limited, and the loans already handled will occupy the total credit line. The more you borrow, the less money you can borrow in the future, and the loan interest rate will also rise.

3. Increase the difficulty of handling subsequent credit business. If all online loans are successful, outstanding debts will be counted as personal liabilities. Once the debt ratio exceeds 50%, if you plan to borrow money to buy a house or a car in the future, it is likely to be rejected because of multiple credit lines and high debt ratio. In particular, mortgage loans prohibit consumer loans from flowing into the real estate market, and banks will not accept online loans unless they are paid off and a settlement certificate is issued.

Why did the application fail?

Too many online loans lead to failure. In fact, the reasons are all contained in the three points mentioned above, which can be summarized as insufficient comprehensive scores in one sentence.

Although there is no strict limit on the number of applications, it is best not to be rejected and reapply immediately. It is recommended to try again in 2~3 months. During this period, we should maintain good credit, strive to improve repayment ability, and participate in platform activities to increase activity. The next loan pass rate will be more or less improved.

The above is the introduction of "How to apply for loans online for many times", and I hope it will help everyone.

What are the consequences of too many online loan applicants?

If the number of online loan applications is too high, the following consequences will occur:

1. There will be too many loan records in big data or credit report, so it will become a "flower" and there will be long-term loans.

2. The personal debt ratio of big data/credit records has also risen sharply due to the high debt caused by personal loans. Once beyond the scope of personal repayment ability, I am afraid that it will be overdue because I can't afford it. Once in loans overdue, it will inevitably leave overdue bad records in big data/credit information, which will lead to personal credit damage.

3. Affecting the subsequent credit loan business, lending banks/lending institutions and platforms may be worried about the borrower's unstable economic life and insufficient repayment ability, thus refusing to issue loans.

Therefore, users are advised not to borrow too often at ordinary times, and it is better to apply for loans appropriately according to their own capital needs and repayment ability. If the application is unsuccessful for a while, don't rush to apply again. Frequent operations will only increase the possibility of rejection. Find out the reason first and solve the existing problems before borrowing.