Sihai network

Will overdue micro loan affect credit investigation? What are the harms of micro loan

Nowadays, many people are using micro loans. Micro loans are convenient and fast to get to their accounts, but there are certain risks and hazards in using micro loans. Micro loans are related to credit investigation. What will happen if micro loans fail to pay the money when they are overdue?

Will the overdue microparticle loan affect credit investigation

Will microparticle loan affect credit investigation? I believe many people question this question. No matter the amount of loan, as long as the borrower has overdue behavior, it will enter the personal credit investigation system, so microparticle loan is closely related to credit investigation. If there is overdue phenomenon, it will immediately affect the personal credit investigation record.

Overdue micro loans will leave a stain on credit records

Micro credit is connected to the personal credit system. If overdue, there will be not only default interest, but also personal credit report. And the credit report is affected, for a long time, will affect your loan application and credit card processing.

Using micro credit to check personal credit

Using micro credit will view the user's credit record and record it in the credit report. In fact, micro credit is a virtual credit card provided by micro bank to users; when you click to view its limit, it defaults to authorize micro bank to view your personal credit.

Remind you, if you don't plan to use it, you'd better not open the function related to borrowing money. Because even if the user does not loan, the inquiry of credit report itself will also be reflected in the report. If there are more than six queries in half a year, it will have a great impact on loan approval.