You always hit a wall with a loan? Why? With the advent of web-based lending products, the liquidity problem was better addressed. In many cases, however, applicants were frequently informed of rejections. What's going on

What's with the frequent rejection of online loans

First of all, this may be a question of correspondence. Most of the loan platforms are integrated into the letter-call system, and when users apply for loans or search for loanable amounts in these platforms, their letter-call reports are accessed. Too many queries may affect the record of letters. The ability of the borrower to repay will be questioned once the letter of call is compromised, which can lead to the rejection of the loan application。

Second, it could be too much borrowing. If a user has a loan on a different platform, it's "multipledge." The greater the number of loans, the greater the problem. In such cases, applications for loans are more likely to be rejected。

THIRDLY, THE OVER-INDEBTEDNESS OF INDIVIDUALS IS ALSO A MAJOR CAUSE. IF BORROWERS WERE TO BORROW ON MANY PLATFORMS, THIS WOULD INCREASE THE OVERALL DEBT. WHEN APPLYING FOR LOANS, THE DEBT SITUATION AFFECTS THE ABILITY OF THE LENDING INSTITUTION TO ASSESS THE REPAYMENTS OF ITS CLIENTS. IF THE LIABILITY RATIO EXCEEDS 50%, IT AFFECTS THE USER ' S ABILITY TO REPAY, AND IN ORDER TO REDUCE THE RISK, THE LOAN INSTITUTION MAY REFUSE TO APPROVE THE LOAN。

So, what do we do when we get rejected

On the one hand, we can control the frequency of borrowing in order to avoid frequent searches of individual letters, while also reducing debt。

On the other hand, the exemption from overdue payments and the ability to build up good credit records helped to improve credit ratings。

Remember, it is important to ensure that personal data are true and complete. In that way, the platform will be able to understand us in a comprehensive and multifaceted manner, thereby enhancing confidence in us and enhancing credit ratings。

It is recalled that letters-of-mail reports are regularly consulted, problems are identified and resolved in a timely manner and good credit is maintained。

Increased cooperation with loan platforms is also a good way to do this, for example, through the processing of additional items of property in loan banks, both to increase our contribution to the platform and to demonstrate our economic strength, and to improve our credit ratings。

Finally, credit ratings are enhanced by maximizing income levels, enhancing repayment capacity and reducing borrowing risk。