Repayment on time, the loan application was rejected again, probably because you stepped on the following minefield.
Minefield 1: Personal credit information is tainted.
The stain on personal credit information is that personal credit is not good. If personal credit cards are overdue and online loans are not repaid in time, they will be blacklisted by banks.
If you pay off the loan on time on one loan platform, but there are many overdue loans on other platforms, you will be blacklisted.
My conclusion: personal credit information is tainted, which is really serious. Now many lending institutions have realized the sharing of personal overdue records. One family is overdue, and many can't lend. So be sure to keep a good personal credit record.
Minefield 2: Loan applications are too frequent.
Don't apply for a loan repeatedly because of a loan application failure, or keep submitting information on different loan platforms.
My summary: many lending institutions will generally inquire about your loan application behavior within three months before lending. If you see that you have multiple loan application records in a short time, the system may think that you have no repayment ability, so it is often difficult to apply for a loan again. Don't apply for a second loan immediately after paying off the loan on time. The best interval is 1-2 months, and the number of loan applications in the short term should be controlled within 4 to 5 times.
Minefield III: Tightening of loan platform funds
In addition to personal factors, it may also be because the loan platform funds are tightening. For example, at the end of last year, cash loans were rectified on a large scale, and the platform payment rate plummeted. In addition, the lending quotas of various platforms are constantly changing. When some platforms have sufficient funds or do activities, some users with poor qualifications can also pay; When the market situation changes, the platform tightens the risk control, and only a few high-quality users can apply for loans.
My summary: the loan platform decides whether to make the next payment according to the market situation and user qualification, and ensuring a good credit record will make it easier for you to borrow again. At the same time, usually pay more attention to the activities of lending institutions, during which the loan amount will increase and the pass rate will be higher. If you are rejected, you can consider changing to a loan institution and don't hang yourself on a tree.
Minefield 4: Information update is not timely.
For example, the last loan was tied to a bank's salary card, and there was a steady monthly salary flow, but recently you lost your job or changed your salary card, but you didn't update your information. At this time, the loan platform may have doubts about your income source.
My conclusion: Every time you apply for a new loan, you must confirm whether the information is up to date, such as mobile phone number, work unit, salary card, etc. Lenders will use this information to check whether you can repay your debts on time.