Is the fun loan reliable?

It's quite reliable Fun Forward is a new credit loan product launched by Shanghai Xingbing Culture Media Co., Ltd., which belongs to the same template interface as the previous credit flight, free flight and flight card, but the credit line of this product can be paid at the same time if it is not shared with the previous one, provided that the normal repayment of your previous account is not overdue. The maximum credit line of this account is 50,000 yuan, and the longest service period is 12 months, which is required when applying.

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1, loan

Loan refers to a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. The simple and popular understanding is to borrow money with interest. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development; At the same time, banks can also obtain loan interest income and increase their own accumulation.

2. Why are loan applications always rejected?

① The bad credit of customers is because banks, lending institutions and platforms will review customers' credit reports or big data in the process of loan approval to understand the latest credit situation of customers. Therefore, once the handling banks (lending institutions and platforms) find that there are bad records in customer credit reports or big data recently, most of them will refuse to lend money because they are worried about the risks in loans overdue.

(2) Long-term loans exist. If customers frequently apply for loans, it will easily lead to personal credit reports or big data becoming "flowery", too many loan records, and even long-term loans. If there are still many credit products under the name that have not been repaid, it will also appear that the personal debt ratio is too high. In this way, when approving loans, banks are likely to worry about customers' unstable economic life and insufficient repayment ability, and it is easy to refuse their loan applications.

3. Is the mortgage automatically deducted?

But the mortgage loan is automatically deducted by the bank. As long as enough funds are deposited in the bank card bound for repayment before the specified time on the repayment date, the bank will automatically deduct the money. You don't need to take the initiative. After handling the loan, the bank will give the repayment details of 1-2 years, with the repayment amount and repayment time of each period, and only need to input the funds into the bank card in advance. Moreover, ordinary banks will have SMS reminders before the repayment date. Please consult the loan bank for details.