1, application frequency is too high: apply for more than 20 loans a day. If they are all loans with credit information, there will be 20 loan review records, and they are all applied on the same day. This person can't spend any more on credit reporting, and the lending institution will directly refuse the loan;

2. Insufficient comprehensive score: Many online loans do not need mortgage, but there are hidden dangers. Usually they pay more attention to the qualifications of borrowers, especially their credit and repayment ability. There is no doubt that the personal credit of applying for 20 loans a day is not good, and it may be that their repayment ability is not good;

3. loans overdue: Many loan products have been connected to the personal credit information system. Once overdue, there will be credit information on the overdue repayment record, which will affect the borrower's credit;

4. Credit consumption: Credit consumption refers to the name that users have bad personal credit information or personal credit information is inquired by financial institutions too many times. General lending institutions will ask users to sign a clause before applying for loans, mainly to let users inquire about personal credit information;

5. Personal debt ratio is too high: If the borrower already has a lot of loans, the repayment pressure is relatively high, and the debt ratio is too high, the lending institution will feel that the borrower's repayment ability is insufficient, and the risk in loans overdue is relatively high, so it is unwilling to issue loans.

The above is that I applied for more than 20 loans a day and failed to pass the relevant content.

What's the impact of applying for multiple loans a day?

If the loan application fails many times in one day, it will definitely cause personal credit or Internet big data to become a "flower". Because banks, lending institutions and other platforms usually grasp the credit status of users by looking at their personal credit reports or Internet big data when conducting loan review. In this way, there will be corresponding records in the user's personal credit report and Internet big data. If there are too many loans in the short term, it will inevitably leave a lot of records. This article mainly talks about applying for more than 20 loans a day, but there is no relevant knowledge. The content is for reference only.