Will too many loan app applications affect credit?

1. Will too many loan app applications affect credit?

Have an impact, generally reflected in the following aspects:

1, personal credit

According to the application results, such as successful application and failed application, the records in the credit report are different.

(1) If the application is successful, the corresponding records will be displayed in the credit record and inquiry record.

Among them, the credit record lists the lending institution, loan amount, repayment status, repayment amount and whether it is overdue. If there is a bad credit record such as overdue, the borrower will have bad credit; Then, if the number of successful online loans exceeds three times or more, even if it is not overdue, the borrower's personal credit will be spent because it involves multiple loans.

The query record will display the query records of the last two years, and you can see the query person, the query reason and the query time. Because the inquiry reason for applying for a loan is "loan approval", such inquiry records belong to hard inquiry records, and the borrower's credit information can be judged according to the inquiry frequency. For example, there are many hard inquiry records in a short period of time, and the borrower's credit information will also be spent.

(2) Application failure will not be displayed in the credit record, but the inquiry record will be displayed.

It is the same information as the inquiry record of successful application. If there are too many hard inquiries in a short time, the credit information of the borrower will change. And it is a reminder to the following inquiry institutions. After all, there is a loan approval inquiry record on the credit information, that is to say, the borrower applied for a loan, but there is no credit information record indicating that it was not successful. The borrower may be rejected because of poor repayment ability.

It should be noted that the settled loan will still be displayed in the credit record. You can still see the basic information of each platform loan (loan amount, mortgage institution, lending time, etc.). ) By checking the borrower's credit information, but the repayment status shows that it has been settled, the repayment record will not be updated, but as long as there are no bad records, the impact will not be great.

2. Solvency

The borrower's repayment ability can be judged according to the debt and income recorded in the credit. Most credit institutions default that the total liabilities cannot exceed 50% of the total income, or the monthly repayment amount cannot exceed 50% of the monthly income, otherwise the borrower's repayment ability is not good.

High debt means that the borrower's borrowing risk is high and his personal repayment ability is seriously insufficient. As long as one of the credit businesses they handle fails to repay on time, the credit information of overdue borrowers will deteriorate, and the degree will become more and more serious with the increase of overdue time.

Borrowers will not only be collected by text messages, phone calls or even door-to-door, but also by the loan platform. Perhaps it will become a person who has lost his trust and be restricted from high consumption. Not to mention that it is difficult to handle other credit business, and it will take five years to restore credit after paying off the arrears.

If you are not clear about your debt and online loan data, you can check it from Winnie Hsin and get a big data report on online loan, which contains detailed online loan application records, overdue details, blacklists and other data.

Extended data:

How to solve the problem of too many loan platform applications?

1. Suspension of credit business due to credit investigation. Because if you apply again, no matter whether it is successful or not, a hard inquiry record will be added every time, which will make the credit investigation more serious and the corresponding loan risk will increase. At the same time, it is also necessary to repay the successfully handled loans on time, maintain a good credit record, and conduct credit investigation for at least 36 months.

2. Make money to settle the loan already handled. First, check whether there is any overdue. If it is overdue, pay it off first. If there are many arrears to be repaid, including overdue fees, interest and principal, it is recommended to negotiate with the loan platform to reduce some interest before repayment. If it's not overdue, according to your income, pay back the larger amount first, and then the smaller amount.

Second, does the bank app check the credit?

The bank's credit report will not affect the personal credit report, but it will have a certain impact on the user's loan application. In the case of less bank car loan reports, it will not cause adverse effects; However, in the case of frequent credit investigation, when users apply for loans again, loan financial institutions will think that users need money very much, and frequent credit investigation records will make lending institutions think that users do not have good repayment ability and there is a high risk of default.

Secondly, many banks have strict regulations on the number of inquiries about credit information. Some banks stipulate that the number of inquiries can't exceed five times a month, and some are even stricter. Therefore, if it is not necessary, try to reduce the number of credit inquiries of lending institutions, and every credit inquiry will be recorded in the credit report.

Third, does the APP of mobile phone loan affect credit reporting?

I will.

1. The influence of mobile phone loans overdue-blacklisting credit information is equivalent to closing the door to lending.

2. Many borrowers think that small loan platforms borrow money, and the total number of single loans is small, so they cannot be blacklisted. During the interview, many borrowers also said that they didn't know much about the blacklist of credit information.

3. Simply put, the credit blacklist is to classify and label borrowers who are overdue or even unpaid, and the records will be shared with various lending platforms and banking systems. Once you enter the blacklist of credit information, the use of loans and credit cards will be affected in the future.

4. Not only mobile phone loans, but also some staging consumption platforms, such as JD.COM White Stripe and Fun Staging, have deep cooperation with the credit information system. In particular, it is necessary to mention some platforms for college students to borrow and spend, such as U-nation university loans and prestigious school loans. Many of these platforms have recorded their own student status information. If there is a big credit stain, it will have a great impact on future employment.

Fourth, the mobile app loan of 5,000 yuan is seriously overdue, will it affect the credit investigation?

Hello, under normal circumstances, regular online loans will carry out personal credit reporting. First of all, if it is overdue, depending on the length of time, it will have an impact on your credit information. If it is seriously overdue, it is a black account. It is impossible to apply for overdue payment before it is paid off. There will be liquidated damages. It is nothing new that the final interest such as overdue interest is greater than the principal. Please be careful. Please refer to the above answers provided by Ronglian Ye Wei.