What is the reason why there is no credit limit for borrowing?

The reasons for the lack of credit limit may be as follows:

1. Insufficient credit evaluation: Borrowing is a credit consumption service based on user credit evaluation, if your credit evaluation results are not satisfactory, you may not be able to obtain credit limit. To improve your credit assessment, you can pay attention to maintaining a good repayment history, avoid late payments, and maintain a stable financial situation.

2. Poor loan history: If you have multiple overdue repayment records, or if you have recently applied for multiple loans, it will lower your credit evaluation results. It is recommended to pay attention to avoid long borrowing, and you can check your borrowing situation through tools such as "pine cone check", and stop all lending operations within three months to eliminate the risk of long lending.

3. Imperfect personal information: If your personal information is incomplete or inaccurate, it will also affect your possibility of obtaining a credit limit. It is important to ensure the completeness and accuracy of your personal information before applying for a loan.

To sum up, in order to obtain a credit limit for borrowing, in addition to reasonable credit assessment results, it is also necessary to pay attention to maintaining a good repayment record, avoiding multiple loans, and ensuring that personal information is complete and accurate.

Borrow. There are three main reasons for the sudden lack of credit:

1. There is a personal credit problem, that is, the system detects that there is a certain risk in the user's personal account.

2. In the event of a system failure, when the page shows that there is no available quota, you can log in to the current account again and check if there is a quota.

3. The user has early repayment.

It is customary to earn income by charging interest. If the user repays the loan early, the borrower will not be able to make a profit and close the consumer limit.

Extended information: 1. Borrowing"It is a loan service launched by Alipay, and the current application threshold is sesame points.

above 600. Depending on the score, users can apply for loans ranging from 1,000-300,000 yuan. The maximum repayment period of the loan is 12 months, and the daily interest rate of the loan is to borrow and repay at any time.

At present, the consumer loans launched by e-commerce giants.

It is mainly for the installment in the consumption scenario of the e-commerce platform, but with the continuous accumulation of personal credit data, it is aimed at personal credit loans in the non-consumption scenario.

It is also being rolled out one after another. Here's the actual experience of raising the quota:

1. Deposit Yue Bao.

Uncle; One of the reasons why I am not optimistic about these Internet companies engaging in finance is that they do not have the experience of receiving users who can't even distinguish between interest and fees.

This part of the business will naturally have an impact on the bank's similar business, after all, the scale of several major Internet giants is there. But not every industry is suitable for the internet. The amount is too low, and the repayment of the principal in installments is a bit of a chicken rib, which is destined to be difficult to replace the position of traditional finance.

2. Related news.

In November 2021, it was reported that Borbei responded that Borbei is gradually promoting brand isolation, and a number of licensed financial institutions, including Ant Consumer Finance Company, will jointly provide users with small consumer credit services. In the future, borrowing will be provided by Ant Consumer Finance and will become the exclusive brand of Ant Consumer Finance. Credit facilities provided independently by financial institutions such as banks will be provided in the following areas"Line of Credit"Page display.

In the process of brand isolation, the service experience of users will not be affected, and the core processes such as activation, account review, interest calculation, and loan and repayment will not change.

The reasons for the lack of credit limit for borrowing are as follows:

1. It has not been used since it was opened. If the user's Ant Loan has not been used after it has been opened, then Alipay may withdraw the user's credit limit at this time. After all, the total amount of borrowing is limited, and Alipay will lend the money to users in need;

2. Frequent early repayment. Although borrowing is a small loan function, users can borrow and repay at any time. However, it should be noted that if the user repays the loan in advance, it will affect the interest income of the loan, and it is also a unilateral default of the user.

Therefore, Alipay will determine that the user's capital demand is not large, and will close the borrowing function;

3. Overdue repayment. This possibility is not auspicious, and if it is overdue, the user's credit qualification will be questioned if it is not good enough; Second, overdue may mean that the borrower's ability to repay the loan is limited, so the risk of lending will naturally increase, and it is reasonable to be reduced or closed. It should be noted that if the ant loan is overdue, the reduction or closure of the ant loan limit is only one of the effects, and it will also cause other impacts, such as the normal interest rate and penalty interest, the overdue record will be recorded in Sesame Credit, and the system will automatically deduct and collect.

Therefore, it is best to repay the loan on time and in full, and do not appear overdue;

4. There are violations such as cashing out and swiping points. If the account holder violates Alipay's prohibitions by cashing out or swiping membership points through Alipay Huabei, the system may determine that the user has bad credit and a high risk of lending.

5. The bound mobile phone number and bank card are frequently replaced. If the bound mobile phone number and bank card are changed frequently, the system may judge that the user is not stable enough, and it is speculated that the user has potential security risks, and then close your ant loan.

The best way to deal with the inability to repay the loan is for the user to negotiate with Alipay to repay. After the user submits the negotiated repayment application, Alipay's customer service will review the user's application, and after the review is passed, the repayment can be made according to the agreed content of the negotiation. Usually, if the negotiation is successful, the repayment can be made in installments, so that the pressure of repayment is shared, and the user is likely to pay off the arrears.