In today's rapid development of Internet finance, borrowing, as a convenient way of borrowing, has solved the problem of short-term capital turnover for many people. However, with the continuous tightening of regulatory policies and the need for risk control, it is reported that Borrower may be about to enter a period of reform, when three groups of people will no longer be able to use this service. So, what's going on here? 
But there are many netizens who said that it doesn't matter if it's closed, anyway, the amount given is not high, and now many people have used Jinbei on WeChat*** to replace Huabei to borrow, and the amount given is high and convenient. We need to understand what borrowing is. In a nutshell, borrowing is an internet credit product launched by Alibaba's Ant Group, which allows users to apply for small loans through the Alipay app for daily consumption or emergency needs. Its emergence breaks the limitations of traditional banking services and provides users with more flexible and convenient financial services. 
With the rapid expansion of the borrowing business, some problems have also been exposed, such as insufficient credit risk control and excessive borrowing. In order to protect the stability of the financial market and the rights and interests of consumers, the regulatory authorities have begun to strengthen the regulation of Internet financial products. Therefore, the reform of borrowing is imperative, and the focus of the reform is the review of user qualifications. It has been revealed that the first group of people who will not be able to use borrowings are people with poor credit histories. Credit history is an important basis for financial institutions to evaluate the borrower's ability and willingness to repay. If a person has a bad credit history such as late repayment, non-payment of arrears, etc., then he may be rejected when applying for borrowing. This is because a bad credit history means that the borrower has a high risk of default, and as an unsecured credit loan, the borrower's credit status must be strictly checked. 
The second group is people with unstable incomes or no regular income**. Although borrowing is a small loan, it still requires the borrower to have a stable repayment ability. If a person's income fluctuates greatly or he does not have a regular income**, then he may be limited in his ability to use borrowing. This is because unstable income can affect the borrower's ability to repay the loan, increasing the risk of borrowing. The third group of people is minors. According to the relevant laws and regulations, minors do not have full civil capacity, so they are usually not allowed to borrow independently. As a responsible financial services platform, Borb will also comply with this legal requirement and do not allow minors to use its services. The reform is to adapt to regulatory requirements, improve service quality, and protect the rights and interests of consumers. For the above three groups of people, their use restrictions are not unreasonable, but based on the need for risk control and compliance management. As consumers, we should understand and support these reform measures, but also strengthen our own credit management and maintain a good credit history so that we can smoothly use financial services such as borrowing when needed.