Do you check the credit every time you borrow money?

If you pay off the previous arrears and enter the loan page again, you still need to authorize the inquiry of your personal credit report. Therefore, if the user has bad credit, he will not be able to borrow again.

As long as the user's previous WeLoan is repaid on time in each installment and there is no bad credit record in the credit report, generally speaking, the user can apply for WeLoan again.

After submitting the application, you need to wait for the review of WeLoan, and the user can successfully obtain the borrowed funds after passing the review.

The big data of online loans can clearly reflect the user's recent application for online loans, whether the online loans are repaid on time, and whether there is any suspicion of identity information. You can check by credit inquiry tools such as "Xiaoqi Credit Check" to get a detailed risk report.

Micro Loan has a record on credit reporting. As long as you apply for a micro loan, regardless of whether it is successful or not, a check record will be left in the credit report. If the loan application is successful, the loan record will also be recorded in the credit report.

Middle. And if the repayment is overdue, the overdue record will also be recorded in the credit report. Overdue records are not cleared and will be permanently retained in the credit information system.

Middle. In the case of settlement, it will be retained for 5 years from the date of settlement, and the overdue record will be automatically eliminated after 5 years. Therefore, if you apply for a micro loan, please repay the loan on time and actively maintain your personal credit.

Extended information: Consequences of non-repayment of online loans.

1.High penalty interest and liquidated damages.

High penalty interest refers to the lender's failure to repay the required amount of the loan on time within the specified period, so as to calculate the corresponding high overdue penalty interest. If the debtor extends the overdue period for a period of time, the prescribed interest will be higher, but no matter how high, it cannot exceed the legal scope of Chinese law. If the loan is not repaid, the lender will be required to pay the corresponding liquidated damages.

2.Credit damage.

If the loan is not repaid, it will also affect its creditworthiness. Nowadays, many banks and online loan companies.

All use a shared system. If you borrow money from a certain bank or loan company, you won't pay it back. Then, there is a possibility that other ** loan companies or banks will know what you owe on the loan.

If you want to apply for a loan later, it will be difficult or even impossible to get a loan. Because your credit has been damaged.

3.Harassed by all means.

If the loan is not repaid, it may be harassed by online lending companies. Sending text messages and calling relatives of family lenders 24 hours a day is a relatively easy act. Some ** lenders will outsource collections to specialized companies that specialize in collections.

There are various methods of collection for these professional accountants. Sometimes, the "violent collection" behavior of a collection company can also lead to the fragmentation of a family.

4.Severe cases can lead to imprisonment.

If the criminal resolutely refuses to fulfill the obligation to repay the loan and wants to become an old beggar, causing a very bad situation, the court will investigate the criminal responsibility of the criminal.

Miracle in the Temple: Debts should be paid off. If it is temporarily unable to repay, the debtor may repay it in installments with the consent of the creditor or the ruling of the people's court. Where they have the ability to repay and refuse to repay, the people's court is to compel repayment.

Operating environment: Huawei nova4

Edition model:

It has been personally tested, and personal debts will be displayed in the credit information system of the People's Bank of China. If you overdue, you will also leave a bad record, so choose carefully.

As long as the borrower applies for a loan in WeLoan, the loan record will be displayed in the credit report. If the later loan is overdue, it will also be shown in the credit record. Therefore, borrowers must repay their loans on time to avoid personal credit being affected.

At present, formal loan platforms will be connected to the credit information system in accordance with the relevant regulations of the People's Bank of China. When a consumer loan product is connected to personal credit information, it will truthfully feedback the borrower's historical usage records, which will help financial institutions evaluate the borrower's personal credit status.

Under normal circumstances, if the borrower repays the loan on time and maintains good usage habits, the use of micro loan will not have a negative impact on personal credit, but will help personal credit accumulation, which is conducive to future loan applications such as housing loans and car loans.

This answer is provided by Compo Finance, which focuses on the interpretation of financial hot events, the popularization of financial knowledge, adheres to professionalism, pursues fun, makes financial content that people can understand, and conveys financial value in a vivid and diverse way. I hope you find this answer helpful.

The micro loan platform is larger and less risky, but it has a certain impact on personal credit.

According to netizens, WeLoan will check the credit record when the user has not borrowed, and the resulting credit inquiry record may affect the user's application for other loans.

Micro Loan is a credit check. Because WeLoan is a personal consumption credit revolving loan product, as a bank loan, like other commercial banks, it is necessary to check the credit report of the People's Bank of China of the applicant user.

The loan can only be disbursed after confirming that the applicant meets the necessary conditions of "good credit status of borrowers and borrowers, and no major bad credit records".

At the same time, WeBank will only initiate an application for credit report inquiry to the Credit Information Center of the People's Bank of China after the user has expressly authorized and passed the identity verification, and will not make the inquiry if it is not authorized.

At the meeting, although you didn't click to borrow money, as long as you checked your available limit, you immediately reported to the central bank credit in the name of "loan approval", so don't mess around if you have nothing to do. The conditions for the use of micro loans are still relatively strict, and micro loans are calculated on a daily basis.

Extended information: As an Internet banking loan product launched by WeBank, "WeLoan" has the following characteristics:

1) Unsecured and unsecured;

Most of the personal loans provided by traditional financial institutions require the borrower to provide collateral and other guarantees, and it is difficult for individual users who cannot provide guarantees or do not have fixed assets in their names to obtain loans. "Micro Loan" does not require collateral and guarantee, and does not need to submit any paper materials, which can better meet the small financing needs of users with good credit.

2) 7*24 hours service, the fastest 1 minute to complete the loan;

Relying on strict risk control rules and a complete technical support system, "WeLoan" provides 7*24 hours online services, convenient and efficient procedures, all processes are completed on the mobile phone, and the loan can be received in 40 seconds at the earliest.

3) No handling fee for early repayment;

Most traditional financial institutions require users to repay on the day of repayment, and if users want to repay early, they need to apply and pay a handling fee. In addition to the regular default withholding repayment, "WeLoan" also allows users to settle the loan at any time without any additional handling fees.

How to increase the amount of micro loan?

1. Capital flow.

If you want to increase the amount of your micro loan, then users must find a way to ensure the speed and proportion of capital flow in WeChat. In short, users need to use WeChat Pay more, such as sending red envelopes, transferring money, shopping, renting power banks, ordering takeout, etc. In this way, you can not only increase the flow of funds in your account, but also improve your own flow in WeBank, which is also very helpful for increasing the amount of WeLoan.

2. Complete personal information.

If you want to increase the amount quickly, then users must complete their personal information in WeChat, such as specific work unit, email address, parent information, provident fund, social security, etc. In particular, social security, provident fund, real estate and other related information can greatly improve the user's WeChat payment score, and it is also very helpful for the amount of micro loans.

3. Repay the loan on time and in full.

If you want to increase the limit, you also need to improve your creditworthiness in WeBank. You can use more micro loans, repay the loan on time and in full, avoid bad behaviors such as overdue, and as long as you can stick to it for a period of time, your micro loan limit may also be increased.

4. Use other functions.

In fact, in addition to socializing, sharing, payment and other functions, WeChat has many other functions. Users can use more water and electricity bills to recharge, buy air tickets, buy precious metals, etc., which can not only prove the user's economic ability from the side, but also increase business contacts with WeChat, which is also very helpful for increasing the amount of micro loans.