With the popularity of mobile payment, Huabei has been loved by many consumers as a convenient credit payment method. However, there has been recent news that Huabei will be shut down, so the arrears need to be recovered at one time after the shutdown, do you understand the standards for shutting down? The following is a detailed analysis for you. 
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 be clear that the closure of Huabei does not mean that users do not need to repay. Instead, after the shutdown, users are required to repay all outstanding amounts in one lump sum. This is because Huabei is essentially a credit loan, and when users use Huabei, they are actually borrowing from Huabei and then repaying the loan on the specified repayment date. Therefore, regardless of whether Huabei is shut down or not, users need to repay the loan. 
What are the criteria for Huabei's closure? It is understood that the closure of Huabei is mainly aimed at two types of users. One is the user who has not repaid the loan for a long time. The credit status of these users is poor, and in order to protect the rights and interests of other users, Huabei will choose to close their accounts. The second is users who frequently apply for quota increases. These users may be at risk of excessive borrowing, and in order to protect the credit safety of users, Huabei will also choose to close their accounts. For users who are shut down, Huabei will notify users through SMS, **, etc., and require users to repay all arrears in one lump sum within the specified time. If the user fails to repay the loan within the specified time, Huabei will take legal measures to recover. 
After the closure of Huabei, the user's credit history will be affected. Because in China's credit system, the use of Huabei and the repayment of Huabei will be recorded in the individual's credit report. If a user is shut down because they are late on their payments or frequently apply for a limit increase, this will leave a bad record on the user's credit report and affect the user's credit score. After the closure of Huabei, users need to repay all arrears at one time, and the standard of the shutdown is mainly for users who have not repaid for a long time and frequently apply for quota increases. Therefore, in order to avoid the closure of Huabei, users should use Huabei reasonably, repay the loan on time, avoid frequent application for quota increases, and maintain a good credit history. 
Here, we also remind users that credit is everyone's second business card, we should cherish our credit, use credit products reasonably, live within our means, and avoid excessive borrowing. At the same time, we should also improve credit awareness, regularly check our credit reports, understand our credit status, correct bad credit behaviors in a timely manner, and maintain a good credit record.