Micro-loan and central bank credit information docking. As long as the loan application is submitted, there will be an application record on the credit report, and whether the loan is successful or not will be recorded. If you apply for small loans frequently in a short period of time, there will be a series of loan records in the credit report, and you need to check the credit records once before you can apply. Too many short-term inquiries of credit records will lead to credit flowers, which is also a bad credit record and will have an impact on loans and credit cards.
Impact 2: Credit products failed to apply for loans.
Credit information is becoming more and more expensive, so whether it is a credit card application or a loan application, banks may directly refuse loans in order to avoid risks. Generally speaking, the bank of credit users will think that they are short of funds and have insufficient repayment ability, so they are a kind of high-risk loan users.
Impact 3: Risk control and derating.
Microfinance supports multiple loans at the same time. Under normal circumstances, the borrower will repay the loan in full and on time, and there will be no risk reduction. However, if borrowers frequently borrow and repay, it may be because of the risk control of the system. Because borrowers borrow frequently, they will feel that borrowers have the situation of "supporting loans with loans". In order to ensure the safety of funds, banks will reduce the amount of users to avoid risks.
Extended data
1. How to repay after using the micro-loan application? Can I repay the loan in advance?
Sure, log on to WeChat at any time and open me-> Payment-> For a small loan, click "Pay off the loan in advance" and complete the payment according to the page prompts. The operation is very convenient, but it should be noted that prepayment does not support prepayment of some debts, and prepayment is free of charge.
Operating environment:
Brand model: iPhone 13
System version: iOS 15.0
App version: 8.0. 16
Second, how long is the micro-loan overdue? How serious are the consequences?
Micro-loans have a three-day repayment grace period, as long as they are repaid within three days after the repayment date, but more than three days will be recorded as overdue records.
Overdue small loans may have the following effects:
1, recorded in the credit report. A small amount of loans overdue will be recorded in the personal credit report. The records of general credit reports will be kept for 5 years, and will be covered by new consumption records after 5 years. If overdue records are generated, it will have an impact on personal loan or credit card applications within five years.
2. High penalty interest: In addition to the principal to be repaid, a small amount of loans overdue will generate high interest. At present, in addition to the overdue principal amount, micro-loans will also charge a penalty interest of 50% of the agreed interest rate until they are paid off. The applicant is advised to repay the loan on time.