Multi-head lending means that a single borrower requests loans from two or more financial institutions.

This situation is mostly manifested in online lending platforms. If you apply for more online loans, you will see your credit score in the big data query and whether you have long-term lending behavior.

The data of long-term lending is generally big data crawled on the Internet, which includes your credit status, lending behavior and so on;

If there are long-term loans, you can see the lending situation of those platforms in the corresponding credit report.

Because the repayment ability of a single user is limited, multi-party borrowing is bound to contain high risks. Generally speaking, when the borrower has a long-term loan, it shows that the borrower has great difficulties in capital demand and has reason to doubt its repayment ability.

What about personal long-term loans?

First, adjust the mentality and actively respond.

The face is still to face, debt can not continue to accumulate. In the face of repeated loans, we should adjust our mentality and face the current predicament bravely and positively. Attitude is very important when dealing with multiple personal loans, and honesty is its basic principle.

Second, according to the nature of the loan.

The principle is to deal with high interest first, then low interest, and finally personal interest-free loans.

Third, use interest-free to offset interest.

You can get rid of all the money with interest by borrowing money from your parents, relatives and friends. Things have come to this, don't care too much about face.

Fourth, choose to go to a formal institution.

In urgent need of money, you should also choose a formal institution, which can provide you with a professional loan scheme and a bank channel suitable for you, so that you will no longer fall into the vicious circle of repaying loans with loans.

Fifth, make money and pay off the accounts.

If you are in debt, you must pay back the money. For the remaining real debts, you must find a job to make money and pay off the debts through legal channels. If you don't go to work, you will be in debt even if you don't owe money now.

What do you mean by borrowing long? Where can I detect whether there is a long-term loan?

Multi-head lending means that a single borrower requests loans from two or more financial institutions. Because the repayment ability of a single user is limited, multi-party borrowing is bound to contain high risks. Generally speaking, when a borrower has a long-term loan, it shows that the borrower's capital demand is very difficult, and the lending institution has reason to doubt its repayment ability.

Generally speaking, long-term lending can be speculated and judged according to the frequency of people's bank credit reporting, big data credit reporting and bank card flow.

What do you mean by long-term borrowing?

Multi-head lending means that a single borrower requests loans from two or more financial institutions. Because the repayment ability of a single user is limited, multi-party borrowing is bound to contain high risks. Generally speaking, when the borrower has a long-term loan, it shows that the borrower has great difficulties in capital demand and has reason to doubt its repayment ability.

Personal multi-head loan handling method: in the face of multiple loans, we should adjust our mentality and face the current predicament bravely and actively. Attitude is very important when dealing with multiple personal loans, and honesty is its basic principle. Clean up all your loans and distinguish them according to the amount and nature of the loans. Don't be too afraid to borrow from many places. In the absence of malice, it is generally civil.

The principle is to deal with high interest first, then low interest, and finally personal interest-free loans. At the time of settlement, you can compare your repayment with their interest. If it is found that it has exceeded the principal and normal interest, you can negotiate with the other party.

What do you mean by long-term borrowing on credit information?

Multi-head lending, that is, a single borrower puts forward loan demand to two or more financial institutions. Because the repayment ability of a single user is extremely limited, multi-party borrowing must contain high risks. Generally speaking, when the borrower has a long-term loan, it shows that the borrower's capital demand is very difficult and its repayment ability is worth pondering.

Once borrowers borrow from multiple sources, the main impacts are as follows: Although many private lending institutions are not as qualified as banks, they all have credit demand. Once in loans overdue, everyone's overdue records will be uploaded to personal credit. If you break your promise, the consequences will be very serious. Presumably, the friends themselves know it.

Classification of credit information:

1. According to the business model, it can be divided into two categories: corporate credit reporting and personal credit reporting.

Enterprise credit investigation is mainly an institution that collects enterprise credit information and produces enterprise credit products; Personal credit investigation is mainly an organization that collects personal credit information and produces personal credit products. In some countries, these two types of business are completed by one institution, while in other countries, they are completed by two or more institutions respectively, or in a country, two institutions are engaged in personal credit investigation business separately.

2, according to the service object can be divided into credit, commercial credit, employment credit and other collection.

The main service object of credit investigation is financial institutions, which provides support for credit decision-making; Commercial credit information mainly serves wholesalers or retailers and provides support for credit sales decision-making; The main service object of employment credit information is the employer, which provides support for the employment decision of the employer; In addition, there are other credit activities, such as market research, creditor's rights processing, movable property and real estate evaluation.

What do you mean it should have been long ago?

Long-term overdue refers to the long-term overdue loan, that is, a single borrower fails to repay the loan demand from two or more financial institutions. Because the repayment ability of a single user is extremely limited, multi-party borrowing must contain high risks. When the borrower has a long-term loan, it shows that the borrower's capital demand is very difficult, and its repayment ability is worth pondering.

And once the borrower has a long-term loan.

The main impacts are as follows: Although many private lending institutions are not as qualified as banks. However, there is also a demand for credit information. Once loans overdue comes, everyone's overdue records will be uploaded to personal credit information.

Does multi-head loan have no effect on credit reporting?

As the name implies, multi-head lending refers to loans issued by more than two lending institutions or more than two credit card credit banks. Don't think that not overdue will not affect credit. You know, there are four colors of credit information, and the credit information that is neither black nor white nor gray is a good credit information.

And if the borrower has a long-term loan, it is not overdue but has no bad record, but the credit investigation is definitely spent. After all, many institutions' loans and credit cards will leave a lot of inquiry records, and they are hard inquiry records, which will make credit information very expensive.

So don't ignore long-term lending, which may also lead to the rejection of loans and credit cards, because long-term lending is prone to decline in repayment ability and increase in total credit, which is not conducive to the handling of credit business and must be resolved as soon as possible.

As for how to solve it, there are several ways:

The most basic method is to settle the loan on the credit report. If the credit card is not overdue after repayment, it can be cancelled. As a result, the number of credit institutions has decreased, and long-term loans naturally do not exist.

However, this is still difficult for people with weak economic ability. After all, you need money to solve it, and you can't do it without money. However, if you have no money, you can borrow money to repay, but it is not recommended to raise loans with loans, and you can only treat the symptoms rather than the root cause.

What do you mean by long-term borrowing?

That is, users apply for loans from two or more financial institutions at the same time, and long-term loans will be shown in personal credit report, which will have a negative impact on users and reduce the evaluation of financial institutions on users.

Long-term lending itself is a risky behavior. When the platform finds that the user has applied for many times, it will think that the user's current funding gap is relatively large, or that the user's credit status is very problematic, and the demand has not been met after many applications. In either case, it is considered that the user's loan risk is very high, and the possibility of natural approval will be very small.

Therefore, users are advised to make a good plan before applying for a loan and choose a platform suitable for them to apply. For example, the user's own credit is average, so don't apply for banking financial institutions for the time being, which is easy to be rejected. Too many times will have an impact on personal situation.

Ways to avoid long-term borrowing:

1, no more than 6 credit inquiries within 3 months, especially when others are authorized to make inquiries, because too many inquiries indicate that there is a large demand for loans and there is a trend of multi-head lending.

2. Keep a record of bill receipts and payments at any time, maintain rational consumption, rationally use lending products, and never support loans with loans.

3. In a short period of time, if you need to borrow money, try not to choose more than five platforms, and it is generally ideal to keep around two.

The difference between long-term loan and long-term credit

Long loan and long credit are two different concepts.

Multi-head loan means that a person or an enterprise applies for loans from several banks or financial institutions at the same time or in a short time, and these loans bear interest and repay independently. For example, an enterprise borrows money from multiple banks for different businesses or projects, which is a multi-head loan.

Multi-head credit refers to multiple credit lines granted by banks or financial institutions to a person or an enterprise. These credit lines can be used for different purposes, but the total amount cannot exceed the credit lines stipulated by banks or financial institutions. For example, if a bank gives a credit to an enterprise, it can be used for different purposes, such as purchasing raw materials, paying wages, accounts payable and so on. , but the total amount cannot exceed the credit line granted by the bank.

Generally speaking, multi-head loans and multi-head credits are both ways for financial institutions to provide financing support to individuals or enterprises, but the difference between them is that multi-head loans refer to borrowers applying for independent loans in multiple banks or financial institutions, while multi-head credits refer to banks or financial institutions granting borrowers multiple credit lines, which can be used for different purposes.

What do you mean by long-term borrowing?

Multi-head lending means that a single borrower requests loans from two or more financial institutions. Generally speaking, when a borrower has a long-term loan, it can be judged that it is short of funds. In this case, if he goes to a bank and other financial institutions to apply for a loan, it is easy to be rejected.

Reply time: September 29, 2020. Please refer to the latest business changes announced by Ping An Bank in official website.

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The introduction of the definition of multi-head loan ends here.