The use of flash money is a tailor-made loan service for credit card users that seeks to help meet short-term funding needs. What are the reasons behind the failure of many users to apply? Let's find out。

Why didn't you apply for a flash loan

Credit records are vital

First, personal credit records are one of the key factors. If you had previously had a bad credit record when using a loan offer, such as credit card arrears, mortgage delays, etc., then you would almost certainly have been rejected. It was therefore important to maintain a good credit record and avoid any irregularities in order to improve the success of the loan。

Liabilities impact on approval results

Second, the recruit will carefully assess your liability. If you have a large number of loans or credit cards in your name, banks may consider your current financial situation to be precarious and at greater risk of paying in full and on time. In such cases, banks would naturally not approve loans easily. Therefore, reasonable control over the level of personal debt is also key to successful application of the Flash loan。

Impact of recruitment transactions

Lightning loans are primarily intended for customers with close business with recruitment. The chances of success would be low if you were to submit applications on an ad hoc basis to apply for a flash loan. On the contrary, banks are more willing to provide loan support if you are often in the business of soliciting deposits, buying property. After all, a high level of business transactions can prove that you have a high level of credit for recruitment。

Level assessment mechanism

Finally, the recruitment system automatically assesses the amount of the application based on your qualifications. If the amount requested exceeds that amount, it may also result in a failure. It was therefore essential to know what level of credit was available before applying。