Why can t I borrow money online more times? These reasons are critical

Nowadays, many people are accustomed to borrowing online, borrowing one after another, and in the end, no platform is willing to lend, which is very strange. So, why can't I borrow money online more times? There must be a reason for this, and today I will give you an analysis to see what is going on and whether there is a way to solve it.

Why can't I borrow money online more times?

1. Credit investigation has changed: the number of online loans is more, not necessarily everyone can make a payment, but as long as there is a loan to apply for credit information, unsuccessful will also leave a loan inquiry record on the credit report, this kind of record is a hard query record, too many times in a short period of time, the borrower's credit investigation will be spent, the repayment ability will be questioned, and the borrowing platform will not lend because of the borrower's high borrowing risk.

2. Serious long-term lending: It is not a good thing to be able to borrow money on multiple platforms, you must know that there are more than 4 lending institutions on the credit report, which is a long-term loan, and the more the number, the more serious it is, if you go to borrow money online, it will be considered that the motive of borrowing is not pure, and there is a suspicion of lending to support the loan, and the borrowing platform will not lend money for fear of risk transfer.

3. High total credit line: The regulator stipulates that the maximum limit of a single Internet financial loan is 200,000 yuan, and each borrowing platform should determine the final loanable amount according to the principle of rigid deduction minus the occupied credit line according to the principle of rigid deduction.

4. High credit debt: If you borrow successfully on multiple platforms, the unpaid arrears will be included in the personal debt, and then go to the online loan to check the credit, and you will judge the repayment ability from the credit debt ratio, once the debt rate reaches 50%, it is a high debt, and the borrower's repayment ability is not very good, and you can't borrow money.

If you borrow money on multiple platforms, it is really difficult to borrow again in a short period of time, because once there is a long borrowing situation.

If big data becomes "spent" due to too many loan records, the follow-up system will inevitably worry about the instability of economic life when approving loans, and the repayment ability will be insufficient due to large debts, so it is naturally likely to refuse to approve loans.

Of course, that doesn't mean you can't take out a loan after that.

As long as you take care not to apply for new credit products for three to six months; and during this period, the outstanding loans under the name will be paid off, or a part of them will be repaid, so as to reduce the personal debt ratio; And pay attention to maintaining personal good credit, then after three to six months have passed, the situation of big data has been improved, and you can continue to borrow.

When borrowing again, you must also pay attention not to borrow too much frequently, so as not to cause long borrowing again, so that big data will become "spent" again, and affect the follow-up loan processing.

If you want to query your online loan big data report with one click, there will be important data such as your credit rating score, whether there is a blacklist, etc., just find "Beijian Quick Search".

Extended Information: How many borrowing platforms should there be?

There is no clear limit on the number of loans handled by various financial institutions and loan platforms, so you can borrow as many financial institutions and loan platforms as you want.

Of course, since each loan needs to be approved, if you borrow too much, it will inevitably affect the approval of subsequent loans.

For example, if you have borrowed more than a dozen or even dozens of loans, you may be rejected by financial institutions and loan platforms because of the existence of multiple loans and high personal debt ratios, and the financial institutions and loan platforms will consider their economic life to be unstable and their repayment ability is insufficient.

In addition, it should be noted that if you borrow too much, the repayment burden will inevitably be heavy, and it will not be good if you are unable to repay beyond the scope of repayment ability and cause overdue.

Therefore, it is recommended to apply for a loan according to the actual capital needs, do not blindly borrow too much, and only have a maximum of five or six loans under your name.

And after borrowing money, you must also remember to develop a good habit of repaying on time and try to avoid overdue.

Nowadays, many people like to borrow money online, but many people have been rejected no matter which platform they borrow, so they feel very strange and want to know why they can't borrow online now? What I want to say here is that many online borrowing platforms are connected to the credit system.

If there are requirements for personal credit and repayment ability, the reasons can be found from these two aspects.

Why can't I borrow online now?

As mentioned earlier, if the online loan platform you apply for is on the credit report, then the personal credit report.

If you don't have the ability to repay, you can't borrow money.

For example, like many people, credit hacking is the most critical reason why you can't borrow money online. You must know that credit blackening is generally a serious overdue state, such as 3 consecutive overdue or 6 overdue times in two years, as well as bad debts.

Special transaction records such as substitution, repayment of debts, etc., as well as the current overdue arrears that have not been repaid. If you are applying for a loan from a licensed financial institution or bank online.

Because during the approval process, the borrower's credit will be checked, and the borrower will not be able to borrow money because the credit is not passed.

There is also a poor ability to repay and cannot borrow money. There are many loan platforms that will clearly require the borrower's monthly income to meet what standard, generally at least the after-tax income can not be less than 2000, and then will check the borrower's personal credit, compare the credit record on the credit report, calculate the proportion of unpaid credit cards and loans to personal income, generally if the personal debt ratio exceeds 50%, even if the income is relatively high, it may be considered that the repayment ability is not good.

The above is the relevant introduction of "why I can't borrow online now". In short, you can't borrow money online, or there is a big hidden danger if the credit is not good, and it is not easy to gain the trust of the borrowing platform. Either the ability to repay is not good, and there is a great risk of default.

It is recommended that after the loan fails, you should not apply frequently in the short term, first raise the credit information, and improve the repayment ability before borrowing.

Recently, many lending platforms have not been able to lend out for the following reasons.

The lending platform has reduced the amount of loan business, and some users with average credit qualifications cannot obtain loans.

If the loan amount of the borrowing platform is insufficient, the system will give priority to lending money to users with good credit qualifications.

The user does not meet the loan conditions of the borrowing platform, so he cannot pass the loan review of multiple lending platforms.

Loan applications are too frequent, resulting in personal credit being spent.

The above reasons will lead to users not being able to obtain loan funds from the lending platform, please continue to accumulate a good credit history, and ensure that you meet the application conditions of the loan platform, and then apply for an online loan, the probability of passing the loan review will increase.

Users who cannot pass the review of the lending platform can try to apply for small loans and private loans without credit investigation.

The borrowing platform is unable to borrow money, and it is not excluded that the borrowing platform itself is responsible, although some borrowing platforms are still operating normally, they basically do not lend, in this case, it is recommended that users apply for other loans that are normally disbursed.

For those who are not very clear about their online loan big data, they can view their online loan big data information through "Balloon Look". This database works with more than 2,000 online lending platforms, so the data queried is very accurate.

Extended information: Is it okay for the online loan platform to collect ** without answering?

If you don't, the platform may be considered to be maliciously avoiding debts, so the platform may adopt stricter collection methods, and in order to protect your rights and interests, you may even sue the lender.

In addition, if the online loan is overdue, you will bear the following consequences.

1. Leave a credit stain on the credit report.

2. It is not conducive to other loan applications.

3. Being pulled into the blacklist.

4. Affect the amount of online loans.

5. The loan function will be temporarily closed.

6. Penalty interest will be generated.

7. Malicious overdue will be prosecuted.

8. Affect personal career.

9. It will affect life after being enforced.

10. Unable to enjoy the normal preferential treatment of loans.

It can be seen that the impact after the overdue is still very large, after receiving the collection ** from the platform, there is no need to be too anxious, you can maintain good communication, and see if you can apply for a deferment of repayment or reduce some penalty interest, so that you may be able to reduce the impact of overdue.

Online borrowing does not require mortgage guarantee and is relatively easy to apply, so many people lack money and go to online borrowing and borrow one after another. Although many people can repay the loan on time after borrowing, they are still worried about the bad consequences if they borrow too many times online. So, what happens if you borrow a lot online but are on time?

If the online loan is repaid on time, it means that there will be no overdue or default, at least there will be no overdue record on the credit report. However, if you borrow more online, even if you repay the loan on time, it will also have an impact, especially these consequences must be clear.

1. Rejected for credit business.

Nowadays, many credit businesses need to check the borrower's credit history, if the number of online borrowing is more, the borrower's credit record must be more than one loan platform record, once more than 3 is a long loan.

Before the credit is auctioned, the institution will recognize that the borrower has repaid the loan on time by relying on the loan, and its real repayment ability is definitely not very good, because there is a great loan risk, and the credit institution is likely to reject the borrower's application.

2. Affect personal credit records.

Online borrowing and repayment on time only means that there is no overdue record, but it does not mean that the credit report is good. After all, although there are no overdue online loans, the credit will be checked for the reason for loan approval when applying, and each application will be checked once, and a query record of loan approval will be left each time.

The more hard inquiries there are, the more credit information of the borrower will be spent, and the greater the potential loan risk.

2.During the three-month loan suspension period, we should try to find a way to pay off the outstanding loans in a hurry, and if we can't pay them off for a while, we should also try our best to raise funds to repay more so as to reduce the personal debt ratio. When repaying, you must pay attention to repaying on time and avoid overdue.

3.If there has been overdue behavior, and there is still overdue bad information recorded in the big data (credit report), then you must pay attention to accumulating more good credit and gradually cover the bad record with the newly accumulated good record.

4.After three months have passed, the situation of big data (credit investigation) has been improved, the personal debt ratio has also been reduced, and the credit level has improved, then try to borrow again. Pay attention to the selection of licensed financial institutions, the information information at the time of application must be accurate and perfect, and as long as the customer's credit status is good at that time, the loan should be approved smoothly.

Nowadays, many online lending platforms will check the borrower's credit information when approving the loan, and the borrower's previous borrowing record can be found from the credit record of the credit report. So, if you borrow too much money online, will you not be able to borrow? Let's take a brief introduction today.

Is it impossible to borrow too much money online?

Borrowing more money online does not necessarily mean that you can't borrow it, but it will be more difficult to borrow money, that's for sure. After all, as long as the online lending platform is on the credit report, it will have an impact on the re-lending in terms of credit history, personal debts, and the number of institutions.

1. Credit history: often people borrow more money online, but there is no money to repay when they repay, and they will be reported to the credit system if they are overdue.

6. Those who are currently overdue will be rejected directly.

2. Personal debts: Online borrowers borrow a lot, and there are many outstanding arrears, so it is conceivable that the debt ratio of borrowers is relatively high. For the loan platform, the higher the borrower's debt ratio, the less repayment ability will be, so the borrower's borrowing risk is very high, and it may be overdue at any time, so it will not be easily lent out.

3. Number of institutions: Many loan platforms are more taboo about long-term lending, and usually there are more than 3 lending institutions in the credit record on the credit report, indicating that there are multiple loans. The management of long loans is very troublesome and easy to overdue, and it will also reduce the ability of personal debts, etc., the key is that there is a suspicion of borrowing to support loans, and such borrowers are not treated by lending institutions.