We often see advertisements for unsecured and unsecured credit loans online, but what kind of loans are credit loans?

Do you know the misunderstandings in this? min pay Only by understanding these issues can you be confident when applying for a credit loan and avoid unnecessary troubles.

1. Unsecured loan = unconditional loan

Generally speaking, a credit loan is a loan method that does not require a house, car, etc. as collateral. It is also called an unsecured loan or a credit loan.

A credit loan does not mean an unconditional loan.ofw quick cash loan online Although credit loans do not require collateral, lending institutions will evaluate your credit status and measure your repayment ability by scoring various basic information such as your personal information, credit report, and sesame score.

2. It is easier for people with white credit to get loans.

Having no loan history actually means you have no credit, but having no credit does not mean you have good credit, and it cannot evaluate your repayment ability. debt consolidation Because your personal credit record is zero, the lending institution cannot determine whether you have a risk of overdue.

The clean borrowing qualifications we usually talk about refer to the record of timely repayment during the borrowing process and no overdue behavior. Therefore, it will be easier to get a loan if you have a good credit record.

3. The loan amount can be passed 100% with a small amount

Some people think that the less money you spend on a credit loan, the easier it is to be approved? This is really not necessarily the case.

If you have a good credit record, a high income level, a stable job, etc., after a comprehensive evaluation, the lending institution will be happy to grant you more credit loans.

4. Bad credit can be “cleaned up”

Is it true that someone on the Internet claims that spending money can “wash” your credit report? Of course it’s fake! !

No one in the credit report has the right to delete or modify without authorization. You can find someone to launder your credit by paying money, which is 100% an online fraud.

For those who have bad credit records, be sure to repay on time, maintain good credit, and avoid overdue payments. As time goes by, bad credit records will automatically recover.

5. You can “package” information to apply for a loan

Some borrowers have bad credit records. In order to avoid being rejected for loan approval, they submit false personal information, forge bank statements, etc.

As everyone knows, under the Internet big data model, everything is transparent. All loans require the assessment and review of the borrower's personal qualifications through a big data risk control model. It is almost impossible to obtain a loan through "packaged" information.

6. Credit loans affect personal credit report

Almost all loans are linked to personal credit, but as long as you have a normal credit loan, repay on time after borrowing, and maintain good repayment habits, not only will it not affect your personal credit, but it will also help you accumulate a good credit. A credit record will add certain points to your credit score.