There is a wide variety of micro-credit platforms, of which it is the most important. However, borrowing or lending may also have the potential to fail, usually due to specific factors. How can we respond to these problems when they arise

How does a loan fail

Lending failed, and the reasons needed to be found and resolved. If the failure is due to the failure of the comprehensive rating, then the user needs to improve its creditworthiness. Upgrading sesame credits, timely repayment of overdue loans, reduction of indebtedness and multiple borrowing are all effective means of enhancing credit. At the same time, there is a need to regularly review their letters-of-mail reports and to correct errors in a timely manner。

If the failure is due to a problem with the collection bank card, then it would be necessary to contact the bank in time to resolve the problem or to re-apply for a smooth bank card. By the same token, if it is due to an abnormal payment account, the user needs to check for irregularities and then correct them in a timely manner。

Indeed, the failure of lending can be triggered by a number of causes, which help us better avoid problems. For example, when lending operations are carried out in a network environment that is not familiar, the system refuses to lend to reduce risk in order to secure funds. At this point, we simply have to wait patiently for a return to normal network conditions and then re-apply。

This could also result in the failure of the loan if, for example, the equipment was suddenly replaced or the cell phone number was bound. In this case, it is recommended to wait for a period of time (approximately three days) before submitting an application for a loan and to use as much as possible to pay for treasures and consumption to verify the legitimacy of the account through face recognition。

In addition, problems with letter-writing reports, expired identity cards, inability to pay off income and over-indebtedness may also affect the outcome of lending. So when lending fails, we need to analyse the causes in many ways and to sort and resolve them on a case-by-case basis。