Is there a credit report on the installment Lelehua card?

The credit report is on the installment Lelehua card. Installment Lelehua Card is an installment consumption card that can be used for shopping, borrowing, and repaying credit cards. The Installment Lelehua Card is jointly launched by Fenqile and Bank of Nanjing. Bank of Nanjing is a commercial bank, and all commercial banks are connected to the personal credit reporting system of the People's Bank of China, so the Installment Lelehua Card has credit information.

Whether the loan software is listed on the credit report depends on the lender of the loan software. If the lender of the loan software is a licensed bank or formal financial institution, then the loan software will be subject to credit reporting; if the lender of the loan software is not a licensed bank or formal financial institution, then the loan software will not be subject to credit reporting.

Formal financial institutions: all commercial banks, trust companies, finance companies, leasing companies, asset management companies and some small loan companies, etc.

The installment Lelehua Card provides users with a credit limit of up to 30,000 yuan, which users can use repeatedly within the credit limit. Installment Lelehua Card provides users with cash services, and users can use the Installment Lelehua Card to withdraw cash. The interest-free cash withdrawal limit for installment Lelehua Card within 30 days is RMB 1,500.

Whether the user's order can successfully use the interest-free quota, you can click "My Interest-Free Quota" in the personal center to check the specific situation. Users need to repay on time and not overdue to avoid affecting their personal credit. Will the credit score be affected after the normal repayment of installment payment and Huabei payment?

It will affect your personal credit report.

Strictly speaking, when you apply for this type of credit product, your credit report has already been affected, because at this time your personal credit report has already shown the query record, and it will also be saved. In personal credit reporting. Regardless of whether you use such credit products, the record on your personal credit report cannot be erased. Even if you never have a late payment, your personal credit report will show these records. If you are overdue, your personal record will change from the previous 3 years to 5 years.

1. Let me talk about these two products first.

Although the main companies of these two products are different, they can basically be understood as lending products. You can understand Fenqile as an online loan product, and Huabei as a normal loan product. I have answered the basic content of related products in many answers, and I do not recommend that you use such products. Although such products can relieve your financial pressure in the short term, from a long-term perspective, such products will not only harm your personal credit, but also cause your financial situation to become worse and worse.

2. Both Fenqile and Huabei will affect personal credit.

As I said above, because this type of product is a credit product, when you apply for this type of product, your personal credit report has already been affected, and inquiries will appear at this time. Record. Regardless of whether you use such products, or whether you are overdue, your personal credit report has been affected, and any company in the future can query your relevant information.

3. You need to be responsible for your own personal credit report.

Some young people may not realize the importance of personal credit information. For many people, it is only when you need money that you will find that personal credit information has a great impact on bank loans. decisive role. If the bank finds that there are many inquiry records in your personal credit report, it will re-evaluate your loan qualifications and even refuse the loan on this basis, which will be more troublesome at this time. Do you think the Lehua card in installment music will affect your credit report?

All loan products in Fenqile will affect personal credit report.

Fengqile itself is an online loan product, but for most online loan products currently on the market, online loan products are full of various routines. When a user applies for an installment loan, the credit limit may not be approved for the user. Instead, the user will be recommended to a third-party online loan product. When users apply for these third-party online loan products, the user's borrowing behavior itself has nothing to do with Fenqile. This is also a disguised form of user behavior.

1. Both Installment Le and Lehua cards will be subject to personal credit reporting.

I have checked the specific information of these two loan products online before and answered related questions. Both Fenqile and Lehua cards are considered personal credit reports. When a user applies for these two online loan products, the online loan product will first require the user to authorize personal credit investigation.

Only after the user agrees, the online loan product will approve the credit line to the user. But before that, the institution where the online loan product is located will check the user's personal credit report, which will also leave traces of the inquiry in the user's personal credit report.

2. Online loan inquiry records will still affect personal credit reporting.

Some users may not be familiar with the concept of personal credit report. For us personally, our records of using credit products will be reflected in our personal credit report. But if we don’t use this product, our own inquiry records will still be reflected in our personal credit report. This means that regardless of whether we apply for online loan products, our personal credit report will be affected.

3. This is a routine behavior that is fun in installments.

As I said above, many online loan products have similar routines. The reason why Fenqile recommends users to Lehua Card is that Fenqile wants to avoid legal liability in this way. For users, no matter what problems they encounter when applying for other online loan products, we will not be responsible for them. At the same time, regardless of whether the user successfully applies for online loan products, the user's personal information will be collected by Fenqile, which will further lead to the leakage of the user's personal privacy. Will Lehua Card be subject to credit bureau? Will Lehua Card be subject to credit bureau?

Lehua Card is subject to credit bureau. If the Lehua Card is overdue, it will also have the following impacts on users:

1. The borrower will be subject to phone calls for collection, which will affect the person's food, clothing, housing, transportation and work;

2. The loan is overdue Loan interest and late tax fees will be penalized;

3. If the loan is overdue for a long time or the amount is large, the borrower may be sued in court.

The above is the content related to credit information on Lehua Card.

Lehua Card Introduction

Lehua Card is a very typical installment shopping card. Users can use this card to settle daily purchases, take out loans, and repay credit cards. wait. Lehua Card deducts legal loan interest because the Fenqile service platform is a platform that provides financial services and is mainly used for installment transactions. The loan interest fees deducted for installment payments are also legal and do not exceed the country's laws and regulations against loan sharking. Lehua Card does not deduct additional charges. After using the card to make purchases, users only need to repay the principal and interest on time. Users don’t have to worry about the service platform being unreliable and routine loans happening. This article mainly writes about the knowledge points about credit reporting on Lehua Card, and the content is for reference only.