Recently, Ant Consumer Finance updated the service standards of its two major credit products, Huabei and Borrow, and announced a series of deactivation guidelines. This change is designed to respond to regulatory requirements, enhance risk management, and ensure the sustainability of the business. However, after the implementation of the new guidelines, some long-term users found that their services were suspended, which caused a lot of concern and discussion.
1. Overview of the new standards for Huabei and borrowing services.
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 the quick use of Beibei on WeChat *** to replace Huabei to borrow, and the amount given is high and convenient, if there are friends who know or have opened it, leave it for comments, let everyone open it.
According to Ant Consumer Finance's announcement, the new service guidelines are mainly set around users' credit status, repayment behavior, and lending risks. Specifically, including but not limited to, the user's credit score declines, the minimum repayment behavior for many consecutive months, and frequent quota adjustment applications. These factors may cause the system to automatically determine the user's risk level to increase, which in turn may trigger the suspension of the account.
2. Why are long-term users affected?
Long-term users may be affected by the new guidelines for a number of reasons. First, over time, the credit profile of some users may change, such as a decrease in credit scores, which may be related to factors such as the macroeconomic environment, personal job stability, etc. Second, long-term users may rely too much on Huabei and borrowing and neglect to manage their financial situation reasonably, resulting in non-performing lending behaviors such as continuous minimum repayment. Finally, with the tightening of financial regulatory policies, long-term users may also face the risk of service suspension if they fail to adjust their borrowing behavior in a timely manner.
3. User response strategies.
In the face of the new deactivation guidelines for Huabei and Borrow, users can take the following steps to avoid service suspension:
Regularly check and optimize your personal credit report to ensure that all information is accurate.
Avoid unnecessary credit inquiries and frequent credit limit adjustments.
Plan your finances wisely, avoid over-reliance on credit, and ensure that you repay your payments on time and in full.
Pay attention to changes in financial regulatory policies, and adjust individual borrowing behavior in a timely manner.
IV. Conclusion. Although the suspension of Huabei and borrowing guidelines disclosed by Ant Consumer Finance has affected some long-term users, it also reflects the efforts of fintech companies in terms of risk control and compliance operations. As a user, understanding and abiding by the platform's service rules and maintaining a good credit history and borrowing habits are the keys to avoiding being affected. At the same time, Ant Consumer Finance should also strengthen communication with users, provide more transparent policy interpretation and intimate user education, and jointly maintain a healthy and stable financial ecosystem.