Why did Wanda Loan fail to grant credit?

Wanda Loan is a peer-to-peer lending platform focusing on consumer finance, providing consumers with fast and convenient loan services.

But sometimes consumers will find credit failure when applying for Wanda loan. Why?

First of all, Wanda Loan will decide whether to grant credit according to the user's credit history and financial status.

If the user's credit record is bad or the financial situation is not good, then Wanda Loan is likely to refuse to grant credit.

Secondly, Wanda Loan will decide whether to grant credit according to the user's income.

If the user's income level is low or unstable, then Wanda Loan is likely to refuse credit.

In addition, Wanda Loan will decide whether to grant credit according to the user's residential address.

If the user's residential address is not within the service scope of Wanda Loan, then Wanda Loan is likely to refuse to grant credit.

Finally, Wanda Loan will decide whether to grant credit according to the user's professional identity.

If the user's professional identity is unstable or does not meet the requirements of Wanda Loan, then Wanda Loan is likely to refuse to grant credit.

In short, the reasons for the failure of Wanda Loan may be poor credit record, poor financial situation, low income level, residential address beyond the scope of service, unstable professional identity and so on.

Therefore, if users want to apply for Wanda Loan, it is best to know their credit history, financial status, income level, residential address and professional status in advance to improve the chances of successful credit granting.