In today's increasingly popular digital payment, Huabei and Borrow, as the application tools launched by Alipay, a subsidiary of Alibaba, have been welcomed by the majority of users. However, recently, many users have found that their Huabei quota has plummeted, and even dropped directly to 500 yuan, and what is even more troublesome is that the borrowing service has been closed. What's going on here? Let's take a look at the reasons behind **.
First and foremost, it may be that the user's credit history has changed. As credit products, Huabei and Borrow, their credit lines are closely related to the user's credit score. If a user has bad credit behaviors such as overdue repayments or frequent minimum repayments when using these services, the system will re-evaluate the user's credit rating and adjust the credit limit accordingly. In some cases, in order to control the risk, Alipay may directly close the user's borrowing service.
But many netizens said that it doesn't matter if it's closed, anyway, the amount given is not high, and now many people are using the gold on WeChatCow flowersCome instead of borrowing Huabei, the amount given is high and convenient, if you have a small partner who knows or has already opened it, leave it for comment, let everyone open it.
Next, we have to mention the recent strict scrutiny of the Internet application fund industry by the financial regulatory authorities. With the continuous strengthening of supervision, major platforms have tightened their application funding policies and improved risk control standards. In this environment, Alipay has also had to adjust its strategy to ensure compliance with the latest regulatory requirements. Some accounts that do not comply with the new rules may experience a reduced limit or a service closure.
In addition to this, the user's spending habits are also an important consideration. If a user does not use Huabei or borrow for a long time to make purchases, Alipay may think that the user is not highly dependent on these services, so it will take the initiative to reduce the quota or close the service. On the contrary, if the user frequently overdraws, the system will also take corresponding measures to limit the amount of funds applied for by the user out of consideration for the user's financial health.
Changes to personal information may also trigger Alipay's risk control mechanism. For example, the user's mobile phone number, work information, residential address, and other key information have changed and are not updated in a timely manner