Recently, Alipay officially announced the shutdown standard for Huabei borrowing, which has attracted widespread attention. It is understood that the shutdown is mainly aimed at three types of users, who will become the hardest hit areas. This article will break down the reasons and implications behind this policy, and how to avoid being shut down.
First of all, we need to understand what Huabei borrowing is. Huabei is a consumer credit product launched by Alipay, where users can spend first and repay later within the Huabei limit, similar to the function of a credit card. Borrowing is a cash loan product launched by Alipay, which allows users to borrow cash directly for consumption or emergency purposes. These two products are deeply loved by users, and they can be used with reference to Sesame Credit, let's take a look at what applications Sesame Score currently has, and whether there are similar alternative services after Huabei Borrowing is shut down?
The first one, Ant Huabei. The requirement for sesame points is more than 550 points, mainly to provide overdraft consumption services of consumption first and repayment later, with the amount ranging from a few hundred yuan to tens of thousands of yuan, depending on the results of the system evaluation.
The second, the ant borrowed. The requirement for borrowing sesame points is more than 600 points, and at the same time, it also needs to be invited by the system to open and use, mainly providing cash lending services, which can reach up to 200,000.
The third, good gold bag. It is also a reference to the sesame credit score and a good gold bag, requiring sesame points of more than 400, although it is provided on WeChat through the way of the public platform, but in essence it is not much different from borrowing, all of them belong to the credit services of the Internet era, the amount ranges from 20,000 to 200,000, and it can also be recycled with borrowing, and many borrowings have been turned to here after being closed.
So, which users will be the hardest hit area by Huabei's shutdown?
Category 1: Users with low credit scores. Alipay evaluates the credit status of each user through big data analysis, and users with low credit scores tend to have a higher risk of default. In order to control the risk, Alipay will shut down this part of the users. Therefore, it is recommended that users maintain a good credit history and avoid overdue repayment when using Huabei Borrow.
The second category: users who cash out frequently. In order to obtain cash, some users will use Huabei to borrow and cash out. This behavior not only violates Alipay's regulations, but also increases the operational risk of the platform. Therefore, for users who frequently cash out, Alipay will take shutdown measures. It is recommended that users plan their funds reasonably and avoid over-relying on Huabei borrowing for cash.
Category 3: Users suspected of violating regulations. This includes the use of Huabei to borrow to carry out illegal activities, fictitious transactions, and other behaviors. These behaviors seriously violate Alipay's user agreement and national laws and regulations, and Alipay will resolutely shut down such users and may be held legally responsible. Therefore, users must comply with relevant regulations when using Huabei borrowing and must not conduct illegal operations.
In addition to the above three types of users, other users also need to pay attention to the following points to avoid being shut down:
1.Reasonable planning of borrowing amount: According to your own economic situation and repayment ability, plan the borrowing amount reasonably to avoid excessive borrowing and repayment difficulties.
2.Make timely repayments: Make sure to repay on time to avoid penalty interest and credit damage for overdue. If you encounter difficulties in repayment, you can communicate with Alipay in advance to negotiate a solution.
3.Protect account security: Strengthen account password protection to prevent account theft or other security issues. At the same time, check the Huabei borrowing bill regularly to ensure that the transaction records are accurate.
4.Understand policy changes: Pay attention to Alipay's official announcements and policy changes so that you can adjust your borrowing and repayment strategies in a timely manner.
In short, as an important credit product under Alipay, Huabei borrowing provides convenient consumption and borrowing services for the majority of users. However, during use, users need to comply with relevant regulations and policies, maintain good credit history and repayment habits. Only in this way can we avoid the risk of being shut down and enjoy more convenient and secure financial services. At the same time, Alipay should also continue to improve the risk control system and technical means to provide users with a safer and more stable financial service experience.