Reasons for refusing loans after excessive loans.
At present, most online lending platforms have been connected to the credit information system, and online lending institutions also have their own online lending big data systems. You can check the borrower's loan application record. If you apply for too many loans, it means that the applicant's economic situation is very poor and his repayment ability is insufficient. In this case, the lending institution will refuse its loan request for risk reasons.
At present, many platforms give credit lines, and some platforms will ask for credit information when borrowing money. In this case, even if they can borrow money before, if they borrow too much, the lender's risk control system will feel that the borrower is in danger and refuse to lend.
The platform can't borrow money, so it can.
Online loan big data is spent. It is best to stop applying for all loans and apply again after 6 months. The general loan platform is to check the loan frequency in the past three months, and it is not a big problem if it is six months.
In the meantime, don't apply for bank credit cards or bank loans, because it is difficult to pass. The more rejected records, the greater the impact on your personal credit.
If it is spent on credit investigation, it is relatively difficult, and the bad record of credit investigation will take five years to eliminate. At this time, you can try to increase your personal income, and don't rob Peter to pay Paul, so your debt will continue to increase.
When making a loan, the lending institution should not only look at the credit information, but also look at the borrower's repayment ability. If there are too many platform loans in the early stage, the income will increase rapidly in the later stage, and the credit information will remain good. Lending institutions will also conduct audits according to specific circumstances.