Will credit reporting stop after consuming small loans? Maybe.

Credit information spent on microfinance may be stopped. Credit expenditure is generally caused by frequent handling of credit loan business in a short period of time, so when applying for a loan, the lending institution finds that the user's credit is very expensive, and it is likely to doubt the user's repayment level and refuse to issue loans. Micro-loans have strict requirements for users' credit information, which may lead to micro-loans being suspended. Credit information is costly. Users can spend 3-6 months to raise credit information, and then apply for micro-loans after raising it, and the pass rate will be higher. The above is the relevant content of whether micro-loans will stop lending after credit investigation.

Can I cancel the repayment SMS of micro-loan?

The repayment SMS of micro-loan can be cancelled. Users go to the micro-loan page to find online customer service, and then explicitly remind customer service to close the repayment SMS, and follow the system prompts. Turning off the SMS reminder of repayment is not a very complicated matter. Of course, after turning off the repayment SMS reminder, users need to personally remember the repayment date and repay before the repayment date expires. Without SMS notification, the probability of overdue users may increase, which also needs users' attention. Once microfinance appears in loans overdue, users need to bear the following adverse effects:

1, credit loss;

2, will be dunned by the service platform;

3. Unable to enjoy preferential policies;

4. The credit line of small loans will be frozen or reduced;

5. Microfinance will require users to settle their bills in advance;

6. Affect other loan applications;

7. The score will be reduced;

8. Affect the normal use of bank credit functions such as WeChat;

9. Malicious overdue will be prosecuted.

Will the credit line of micro-loan be gone the next day?

The credit line of micro-loan is restored, and the credit line of the next day is generally still there. When the repayment is resumed after the micro-credit line is repaired, the credit line will not be recovered by the system, so the credit line is still there the next day. However, the user did not have a credit line before the micro-loan, and the system gave a credit line, so the micro-loan line was restored. Because the system has evaluated microfinance, the system will not adjust the credit line in a short time, and the credit line will exist for a long time. This article is mainly about the knowledge points about whether micro-loans will stop lending after credit investigation, and the content is for reference only.