What does no credit limit mean?
Your current no credit limit means that when users borrow money online, they do not meet the platform’s borrowing conditions and do not get a credit limit from the platform. At this time, the borrower cannot apply for a loan. At this time, the borrower can continue to complete the basic personal information and submit the loan application again later. After meeting the platform requirements, the credit line can be obtained.
Users must borrow within the credit limit when borrowing. When borrowing, they must know the interest charged by the platform. If the interest charged by the platform is relatively high, it will cause the burden of repayment in the future and may cause personal problems. In the event of overdue repayment, penalty interest will accrue after overdue repayment. : Overdue loans on the platform will be collected until the user returns it. It should be noted that overdue loans on regular platforms will be uploaded to the credit reporting center. When personal credit becomes bad, it will affect the processing of subsequent loans, and in After overdue return, it will be kept in the credit report for 5 years and will automatically disappear after 5 years. In order to avoid being unable to repay on time after borrowing money, users should measure their repayment ability before borrowing money, and it is best to know what aspects of income to use for repayment. Generally, you should apply for a loan when your personal income is relatively high. If your personal income is relatively small, you should be cautious when applying for a loan.
Credit line, also known as "credit limit", refers to a certain amount of credit limit granted by a bank to its basic customers, that is, within a specified period of time, the enterprise can recycle this amount of money. For example, a company applies for a one-year export bill quota of US$2 million. If the company uses it five times, the usable amount is US$10 million (the procedure only needs to be done once, and the other procedures are very simple). If it is used ten times, it can be used The amount is 20 million yuan, which on the one hand solves the company's short-term capital turnover difficulties, improves the company's capital circulation speed, and also improves the company's capital use efficiency.
Scope of credit line (for export): credit line, letter of credit (export) mortgage loan line (commonly known as packaged loan), export bill bill line, export collection bill bill, etc. In terms of the credit line, the credit line needs to be guaranteed, and the guarantee can be provided by other companies, or it can be mortgaged by real estate, etc. The amount of the credit line is generally 50% of the company's net assets, or 10 times the company's capital, or 30% of the company's annual import and export volume. The term is one year and can be recycled within the term.
Credit lines include general credit lines and credit lines for specific customers. The overall credit limit refers to the total scale of credit sales determined based on its own situation and external environment, and is used to guide and control daily credit sales decisions. The specific credit limit refers to the maximum limit stipulated by the enterprise that customers can purchase goods on credit within a certain period of time. The credit limit represents the credit sales and bad debt risk that the company can tolerate to its customers. If the credit limit is too low, it will affect the company's sales scale and increase transaction frequency and transaction costs; if the credit limit is too high, it will increase the company's collection costs and bad debt risks. What does it mean that Yipay borrowing is temporarily unable to obtain a credit line?
The temporary inability to obtain credit limit for Yipay loan means that your Yipay loan has not been used long enough to reach the credit limit of the loan, so you should use Yipay frequently.
1. As a third-party payment platform under Orange Financial, Yipay is committed to providing "safe, convenient and fashionable" payment solutions for individuals and enterprises. In recent years, Yipay has become China Telecom's largest communication fee recharge service provider and the largest domestic livelihood payment service provider. Its business covers nearly 400 major cities and 300 campuses across the country, with more than 1.1 million offline stores and online stores. There are about 150 cooperative e-commerce companies, and they insist on providing high-quality services to more than 300 million users. They have successively won the "National High-tech Enterprise", "2016 Zhongguancun Top 100 High-Growth Enterprises", "2016 Leading China Annual Selection Outstanding Financial Services Company Award", Honorary awards such as "The Best User Experience in Intelligent Manufacturing in China in 2016", "Beijing Integrity Creation Enterprise", "The Best Employer of Chinese College Students in 2016", "The Best Employer in 2012-2015", and "The Extraordinary Employer in 2016".
2. China Telecom has set up a Yipay[1] account in the background for each user. After the user activates the account, he can deposit money into the account through the Internet, WAP (mobile Internet access), and SMS. , voice IVR and other non-face-to-face methods to purchase or pay.
If users want to use the on-site payment function, they can go to the business hall to change a Yi payment card. They can use their mobile phones to swipe their phones on the POS machines of China Telecom Alliance merchants and use their Yi payment accounts to complete near-field payments and consumption. In 2013, Yipay launched Yipay, a product for corporate users - Transaction, which can provide corporate users with fund collection and value-added service applications. Enterprise users can use the transaction fund collection function to realize fund recovery, transfer, account sharing and other functions with customers and chain stores to improve the efficiency of enterprise fund management. Merchants can provide customers with convenient services such as mobile phone recharge, QQ recharge, water, electricity and gas payment through e-payment.
3. All users can apply for and use Yipay account. The direct online registration function for mobile phone users across the entire network has now been opened, or you can go to the telecommunications business hall to apply.
All China Telecom C network Tianyi mobile phone users can apply to use Yiyi payment card. The mobile phone and UIM card you are using need to be replaced with a dedicated mobile phone and UIM card that supports RFID function. For mobile phone models that support Yipay Card, please refer to the "List of Mobile Phone Models Currently Supporting Yipay Card Business". If your mobile phone is not on this list, you need to purchase it yourself or participate in telecom promotions to replace it with a special mobile phone before you can handle this service; or you can use a SIMPASS mobile phone card with an antenna function without changing your mobile phone. What does it mean if online loan credit fails? Sharing tips to improve the success rate of online loans!
To apply for an online loan, the borrower usually submits a loan application first. The lending institution will conduct a comprehensive assessment of the applicant's qualifications and decide whether to lend and the loan amount. Many people fail in the credit review step. So what does it mean if online loan credit fails? What can you do to improve the success rate of online loans?
What does it mean if online loan credit fails? The failure of online loan credit means that the borrower does not meet the requirements of the lending institution, cannot obtain the credit limit, and cannot successfully borrow. The reasons for credit failure are generally age incompatibility, poor credit reporting, insufficient income to meet requirements, inaccurate loan information, and excessive debt ratio. If you want to improve the success rate of online loan credit, you can start from the following aspects: 1. Choose the right one Different online loan products have different requirements for loan applicants. In terms of age requirements, Ctrip Finance requires applicants to be between 22 and 55 years old, while 360 ??IOU requires applicants to be between 18 and 55 years old. Any age is acceptable, and the credit requirements are the same. Some require a credit record, while others do not require it. You should check it carefully before applying. 2. Maintain a good credit status. When applying for an online loan, make sure there are no overdue debts at the moment. Do not apply for too many online loan products at once. After the loan is successful, try to borrow from the same platform. Do not borrow multiple loans to reduce the credit score. The number of letter inquiries. 3. Reduce your own debt ratio. When applying for an online loan, try to keep your debt ratio below 50%, otherwise it will be difficult to pass the review of the lending institution. 4. Provide true and valid loan information. When applying for an online loan, make sure that the loan information you fill in is true and valid, like an ID card. Do not use a first-generation ID card or a temporary ID card. If there is loan auxiliary information to fill in, try to provide more information, such as applying for money to spend, and providing relevant information on Taobao, JD.com, social security or provident fund, which will help improve the review. Regarding the meaning of failure in online loan credit, I believe everyone already knows that if you want to improve the success rate of online loans, you should work more on the debt ratio, repayment ability, and credit information to ensure that your overall score is high and those who pass the review The probability is relatively high.