The activation of Weilidai will have the following effects;

1. Credit investigation at the meeting

When borrowing money from Weilidai, users need to apply to the system to check the credit limit , when the system grants credit to the user, it will query the user's personal credit report for the reason of loan approval. At this time, the total credit limit, lending institution and other information of Weilidai will be displayed in the credit record. However, there is no need to repay, and there is no need to worry about overdue payments affecting your credit.

2. Reducing the quota

After the micro-loan quota is opened and is not used, the system will consider that there is no demand for the quota. When the quota is tightened, it will adjust it and reduce the quota of users who have not borrowed money for a long time. It has been reduced and the limit will be increased for users who frequently borrow money. In this case, the reduction in the limit is only temporary. If the borrower wants to restore the limit, he can try to borrow money and repay on time.

3. The quota disappears

The Weili loan quota will not always be that high after it is opened. The system will conduct comprehensive evaluations from time to time. If the borrower's comprehensive score is insufficient and the system's current level is not reached, If the credit conditions are met, the opened quota will be withdrawn, and then there will be no quota to borrow. Everyone's credit conditions will continue to change and will be restored when the next system re-evaluation reaches the standard.

4. Affect other loan review results

Nowadays, basically all loan products are related. There are many types of loans under a lending institution or bank, and the same is true for WeBank. If a user has not borrowed money after applying for Weilidai and then wants to apply for other loan products under WeBank, the result can be imagined and will generally not pass the review.

1. What is micro-loan?

"Weilidai" is an online personal small credit revolving consumer loan product launched by Tencent for QQ and WeChat users by taking down the Internet bank "WeBank". It was launched on mobile QQ in May 2015. It was launched on WeChat in September of the same year. Although Weilidai has been launched for several years, the threshold is still relatively high. At present, Weilidai still adopts a user invitation system. It will invite some users who meet the current credit conditions to use it, and gradually expand the scope of invitations to all target users. The target groups include individual consumers, individual business owners, and small and micro enterprises. owners and individual corporate shareholders. At present, the credit lines granted to users by "Weilidai" are mostly between 500 yuan and 300,000 yuan, which vary according to the individual's comprehensive situation. Most users have credit lines of hundreds or thousands. A single loan can range from 500 yuan to 40,000 yuan, with a maximum cumulative amount of 300,000 yuan.

2. How to obtain the qualifications for microloan application

Although there is nothing to be happy about if you are qualified to apply for microloan, it is better than nothing. If you are not qualified for QQ or WeChat, how can you become as qualified as possible? Let’s briefly talk about some techniques.

First of all, Weizhong Tencent Credit Score is a credit report created by Tencent based on user Internet behavior data (online, property, consumption, payment, social networking, games, etc.). Afterwards, users can query their own Credit score, this score will also affect the user's Weilidai borrowing limit when borrowing from Tencent Weizhong Bank.