Today, peer-to-peer lending plays a very important role in our life. Many people can hardly live without it, and even some people with low income and high consumption have lived a life of "supporting loans with loans".

Such people may submit loan applications for many times on different online lending platforms, and even indulge in applying for online loans for a long time. In fact, frequent application for online loans has a great impact on the life of applicants, and the consequences are quite serious. You may not be able to afford it at all.

I will list some possible hazards here.

First, personal credit information is tainted.

Frequent application for online loans will be directly reflected in personal credit information. Generally speaking, almost every loan on the online lending platform is creditable, which means that every online loan will have a clear repayment and overdue record.

Once the lender fails to fulfill the repayment obligation in time, the personal credit will have a negative record.

In addition, when lenders frequently apply for online loans, the online lending platform will check the lender's credit information every time they apply for online loans, so the platform will naturally doubt the applicant's loan motivation and repayment ability, and may directly refuse the loan.

Second, the upfront cost

At present, many small loan platforms adopt the method of pre-charging, such as membership fee, beheading interest and management service fee. In fact, it is illegal. The state clearly stipulates that no fees shall be charged before the next payment.

If you charge upfront fees privately, you should be cautious and avoid being cheated.

Third, online lending routines

In some loan platforms, application materials may be submitted, and there is no bad record of returning the next loan on time. But if you find that you want to borrow it again, you will find that the amount is zero, which is equivalent to a one-time opportunity, and your personal data will be taken away. Be careful not to be cheated.

Fourth, online loans are overdue.

If the applicant uses the credit card in the form of "loan-to-loan", when the repayment ability is weak and there is a lack of funds to repay, it is easy for the online loan to be overdue, or even a domino effect.

At this time, online lending platforms generally adopt violent collection methods to collect loans. Moreover, in the face of a large area of overdue loans, it is difficult for applicants to imagine various collection methods.

Fifth, too many applications for online loans are difficult to land.

For people who often apply for online loans, there are generally many platforms for arrears and the amount of arrears is large.

When the debt is too much and the pressure of debt collection is unbearable, it is difficult for the lender to go ashore in a short time, and eventually the interest will accumulate, and the debt is too high to control, and the lender is likely to go to extremes.

Therefore, I suggest here that applying for online loans must proceed from reality and do what you can within the scope of repayment that you can afford. Don't apply for online loans frequently, and improve your personal credit.