1, change of credit information
Applying for loans and credit cards too frequently can easily lead to the loss of your credit information. In this case, your score in the bank scoring system will be reduced. If you want to apply for a mortgage or credit card again, it will be difficult to apply. Nowadays, more and more online loans are connected to the credit information system of the People's Bank of China, and even if the loan is unsuccessful, it will leave a query record.
2. The debt ratio has risen.
When you go to a bank financial institution to apply for a credit product, you will always check your credit information. If you find that your loan and credit card records are too many and the amount is too high, combined with your income certificate, bank flow and high debt ratio, it will directly lead to rejection.
3. Online loan black households
Some online loans, even if you borrowed 100 and 200 yuan, will appear in the credit report, such as voluntary payment by Suning and online business loans. Because the amount is small, it is easy to forget to pay it back, which leads to overdue and high interest on online loans. Many people will be unable to repay, robbing Peter to pay Paul to support loans, and debts will increase, which will eventually lead to a debt crisis.
4. violent collection
No matter what credit products, you must repay them on time, otherwise you will be collected by the organization, which will make yourself and your family and friends miserable, and you may also face the situation of address book explosion and harassment.
So be sure not to apply for online loans too frequently. It is better to think about how to make money, improve the ability to make money, how much to do, and moderate consumption in advance.