Net access is a more common web-based lending platform that provides easy lending services, with many opting to borrow from it in emergencies. However, some may find themselves in a debt-servicing situation, failing to complete the repayment of the loan contract in a timely manner, and would like to apply for another loan to repay the debt. So, is it feasible to re-apply after the fast-track loan? From multiple angles, we'll analyze。

Why don't you return the loan

I. Risk of non-reimbursement of re-applications

First of all, we need to be clear that the borrowing platform will not lend you a new loan if you do not complete the repayment. But if you go to another borrowing platform, you may be able to borrow money and even use it on other borrowing platforms to pay for the loan. However, this will lead to an increase in your debt and higher interest rates, and you will further fall into a borrowing trap。

ii. Whether web-based loans affect your creditworthiness

Second, would it affect your credit if you didn't pay the loan? The answer is yes. With the advent of the Internet era, individual credit loans are assessed, and borrowing platforms use tools such as artificial intelligence techniques and large data algorithms to analyse factors and ultimately determine the credit ratings of individuals to determine how much they can borrow and how much they can be repaid. If you default because you are unable to complete the repayment of the loan, it will not only result in penalties for default money, but will also affect personal credit ratings and letters of credit reports。

III. How to deal appropriately with lending disputes on Internet access

If you have not yet paid off the loan, and you want to apply for a loan from another loan platform for the repayment of your arrears, we would suggest that you do your best to communicate with it. Do not easily default to avoid debt, which could hinder future access to life loans. In many cases, the borrowing platform also provides for a certain level of concessions and adjustment of the repayment period for users of default and overdue payments。

IV. How to avoid a borrowing trap

In conclusion, we would like to remind you that, wherever you borrow money, you have to be careful about lending activities, not to confuse high risks with high returns, but to focus more on planning, prudent borrowing and risk prevention. Prior to the transaction, the borrowing contract should be carefully read, the manner of borrowing, the size of interest rates and the period of repayment should be clarified, the defaults involved and the relevant provisions should be identified so as not to fall into a trap。