The sudden closure of online merchant loans that are not overdue may be caused by the following reasons.

Second, the specific analysis

1, illegal use of funds.

As an operating loan, online merchant loan funds can only be used for daily business turnover. But if the borrower uses the funds for house purchase, investment, financing, loan repayment, etc. Once it is found that the loan funds are not used according to the regulations, in addition to terminating the loan contract in advance and repaying the remaining loan funds in one lump sum, the online merchant loan will be closed if the violation is serious.

2. The operation of this store is not good.

The borrower's store operation is closely related to the online merchant's loan qualification. Once the number of users who take orders in the store decreases, the number of orders is reduced, or there is no running water for a long time, borrowers are often complained and given bad reviews, and the refund rate is relatively high. If the business situation is poor and there is no profit, it will be questioned that the online merchant loan is unable to repay and may close down.

3. Bad credit reporting is very serious.

Even if the borrower's online loan is not overdue on time, it can be found that other loans or credit cards are seriously overdue and have serious bad credit records, such as bad debts, compensation and enforcement records. Online merchant banks will close online merchant loans when they find out in post-loan management.

4. Frequent early repayment of loans.

It is suspected that even if the loan is repaid in advance, it can effectively avoid overdue, but the interest of the online merchant loan is calculated on a daily basis. The sooner the borrower repays the loan in advance, the interest income of the online merchant loan will be reduced by one day. Frequent early repayment of loans is also suspected of brushing points. It also shows that the borrower is not short of money and has little demand for funds. In addition, it is also a breach of contract, which can easily lead to the closure of online business loans.

5. The borrower's own qualifications have deteriorated.

Borrowers often apply for other loans or use credit cards for large consumption after opening online business loans, which leads to an increase in personal debt ratio. Once it reaches 50%, the online merchant bank will think that the borrower's borrowing risk is too great.

Or the borrower becomes the executor of dishonesty. And online business loans will also close down because of poor qualifications.

If you have overdue records online, or have loan records from multiple platforms, your records will be subject to big data risk control. When your online lending platform often rejects you, even the flower garden will close. If there is any abnormality in your online hacker data, you can find that Xiaoqi Credit Information can get your own big data and credit status, various index data, and you can query your own personal credit status, blacklist, online loan application record, application platform type, overdue amount, whether there are arbitration cases and other important data information.

3. Does an overdue loan have a big impact?

As long as the loan is overdue once, if it is overdue for a long time, the impact of overdue will be great.

However, if the overdue time is not long, and the arrears are paid off as soon as possible after the overdue, the negative impact of overdue is small.

However, regardless of the impact of overdue, as long as it is overdue, overdue records will have a negative impact on personal credit information, and overdue debts must be paid off as soon as possible to reduce the negative impact.

Moreover, after the overdue records are paid off, they need to be kept in the credit information for 5 years, and the overdue records will be automatically deleted after 5 years.

In these five years, users who apply for credit business will fail the review because of overdue records in their credit information, so the subsequent impact of overdue records cannot be ignored.

After applying for a loan, users must pay attention to repayment on time to avoid overdue records affecting personal credit information.

If the user fails to pay off the overdue debt, the overdue record will always be kept. At this time, overdue records will directly become a credit stain. With the credit stain, users will not be able to handle other credit business in the future.