There are two kinds of lines in the magic shopping mall, one is the magic shopping line, which can only be used for shopping in its app mall, and the other is the magic cash line, which can withdraw cash.

The specific process of cash withdrawal is as follows:

① First, open the magic cash app, select the loan amount, loan days and repayment date according to your actual situation, and then click I want a loan.

② Enter the identity authentication interface, and authenticate by uploading scanned ID card, face recognition, entering name and ID number, and then click Next.

③ Review the loan.

(4) After approval, cash can be withdrawn immediately.

What happens if magic cash doesn't exist?

Magic cash will not have four consequences:

(1) First, since taxes are expected, there will be high overdue fees.

Secondly, it will affect personal credit records. If it is seriously overdue, it will be recorded in the central bank's credit information system, which will seriously affect future loans, credit cards and other behaviors.

Thirdly, on the magic cash loan platform, the second loan does not need to be audited, but if the repayment is overdue, it is impossible to apply for the magic cash loan again.

Fourthly, it may cause trouble to yourself and friends around you. Users with serious overdue will receive a collection call from the platform and even call relatives and friends who have made an appointment.

Does magic cash go to the central bank for credit reporting?

Regarding whether magic cash is used for credit investigation, the official statement is affirmative, but some users said that it was overdue for half a year and did not use credit investigation. I think it's better to collect credit carefully and repay on time to avoid bad records and hinder future bank cards or credit cards.

Magic cash loan

There are two main ways to borrow magic cash, one is to buy the mall APP through magic, and the other is to use the official WeChat account.

Magic cash application conditions: ① At least 18 years old, with stable job and income; ② Use my real-name mobile phone number that I have used for more than half a year; ③ Alipay Sesame Credit Score is over 600 points.

Magic cash application materials: my ID card information and my bank card.