Microcredit is indeed easy and quick, especially without collateral, and can be processed as soon as the amount is available by submitting an online application, filling in the basic information and completing the real name certification. But some users have said that, although there are limits to the extent that they cannot borrow successfully, what is going on

I can't borrow a loan

First, the Platform ' s credit rating plays a key role. Each platform has its own scoring mechanism, which mainly refers to user history and personal information provided. If you have previously had late repayment records or incomplete personal information, the Platform ' s credit ratings will be lower, thus affecting the approval of loans。

Secondly, the status of individual letters is also crucial. If you currently have overdue loans or multiple hard search records (such as frequent applications for loans or credit cards), your personal letter may not be ideal. These circumstances would lead the lending institution to question your ability to repay and then refuse to lend。

In addition, job stability and income levels are important factors considered by lending institutions. If you often change jobs, or rely too heavily on loans and credit card overdrafts, the individual debt ratio is too high and most of the monthly salary is spent on debt servicing, in which case the lending institution will feel that you are at greater risk of default and will naturally not lend easily。

Finally, it is noteworthy that many loan platforms adjust the scale of lending to market demand. Loans are granted on a limited basis on a daily basis, so that sometimes, even if you are eligible, you may be unable to borrow because you “can't steal” the amount. With good luck, you can borrow money; with bad luck, you have to wait。