Sesame's low credit score may have an impact on personal loans. Sesame credit score is the comprehensive processing and evaluation of massive information data by Sesame Credit, which mainly includes five dimensions: user credit record, behavior preference, performance ability, identity characteristics and personal relationship. Based on Alibaba's e-commerce transaction data and Ant Financial's internet financial data, Sesame Credit has established data cooperation with public institutions and partners such as Public Security Network. Different from traditional credit data, Sesame credit data covers credit card repayment, online shopping, transfer, financial management, water, electricity and coal payment, rental information, address relocation history, social relations and so on.
Sesame Credit can evaluate users' credit by analyzing a large number of online transactions and behavior data. These credit evaluations can help Internet finance enterprises to draw the conclusion of users' repayment willingness and repayment ability, and then provide users with fast credit granting and cash installment services.
In essence, "Sesame Credit" is a credit information system, which collects data from the government and financial system and fully analyzes the behavior records of users on platforms such as Taobao and Alipay.
In fact, the level of sesame score can reflect the personal credit status from a certain aspect. Usually, people with high sesame scores have higher monthly consumption power and performance ability, which is relatively high quality. The average increase in sesame scores is accumulated through a little bit of trustworthiness, Alipay consumption and participation in public welfare. If the sesame credit score is high, it can be judged that this person has definitely not overdue on Alipay.
If the sesame score is high, then the amount of personal borrowing and consumption on Alipay will definitely not be less. When using the credit or other services authorized by Sesame Branch, you can enjoy the deposit exemption.
At present, many loan platforms are actually authorized to distribute sesame seeds, and sesame seeds will also be used as one of the reference data for examining customers' credit status. You can see this in your sesame credit authorization. If sesame scores are high, it may be easier to apply for a loan and the amount may be higher.
In addition, big data credit is also very important. Nowadays, many people who handle credit cards, car loans and credit loans will examine personal big data credit. Big data credit is mainly to evaluate the credit risk of personal Internet consumption and performance, which can be found on WeChat: search for credit data, and you can find it. High risk means that personal behavior is risky, so we should pay more attention in the future.
Can sesame credit score not be enough to get a loan?
If the sesame credit card (credit card) reaches more than 600, you can apply for a loan with an assembly line; If the sesame credit fee is above 700, you will have the opportunity to apply for a good-term loan with a loan amount of 500-50000 yuan, and you can repay it in installments.
But some people will question, when the sesame credit score is below 600, can you still run a loan? That depends on which platform to apply for a loan. If you apply for a loan on Alipay platform, it may not pass, because sesame credit score is a standard to measure whether to lend.
Nowadays, there are various loan methods, and there are many choices for various online loan apps. Some platforms need to verify the sesame credit score, while others don't. You can choose some loan products that do not need to verify the sesame credit score, such as bank credit card (debit card), Lehuakai application software, loan app and so on.
When choosing this type, you need to know clearly what the loan interest rate is, and be careful not to fall into the trap of high-interest loans.
Can I get a loan if the sesame score is too low?
1, sesame score is too low, you can also apply for a loan. Some loan products need authorization to check the lender's sesame credit when applying. At this time, the sesame score is too low, which will lead to the failure of the loan review. However, if the loan conditions do not require users to have sesame credit points, then the level of sesame credit will not affect users' application for loans.
2. And online loan products will only refer to Sesame Credit. If a user applies for a bank loan, the bank will only refer to the user's PBOC credit report.