In today's digital world, Alipay has become an indispensable part of our lives, especially Huabei and Borrow, two major credit payment tools, which provide us with great convenience. But recently, Alipay announced that it will "shut down" the service for some users, what is going on?
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.
What we need to understand is that Alipay's Huabei and Borrower are both based on the user's credit score to provide services. This means that if a user's credit score is in trouble, then their Huabei and Borrows may be affected. Specifically, if a user's credit score drops to a certain level, Alipay will consider closing its Huabei and Borrow.
What behaviors can lead to a lower credit score? Generally speaking, late repayments, frequent loan applications, credit card overdrafts, frequent credit inquiries, and other behaviors may lead to a decrease in credit scores. In addition, if there are significant changes to your personal information, such as work, address, etc., it may also have an impact on your credit score.
For these behaviors that may lead to lower credit scores, Alipay said that they will conduct real-time monitoring through big data and artificial intelligence technology, and once they find that a user's credit score has dropped, it will take timely measures, including closing its Huabei and borrowing.
In this regard, some users may feel a little unfair. They may think that they are only experiencing temporary financial difficulties, or they have only applied for loans frequently in a short period of time, so why should they be closed Huabei and borrowed?
In fact, this is mainly because Alipay needs to ensure its own risk control. If a user frequently applies for loans or is overdue for a long time, then this may increase the risk of Alipay. Therefore, in order to ensure that its own risks are controllable, Alipay must restrict such users.
Alipay's "shutdown" of Huabei and borrowing for such people is mainly due to risk control considerations. As users, we should understand and respect Alipay's decision, and at the same time, we should also focus on improving our credit score and avoid the above-mentioned behaviors that may lead to a lower credit score. Only in this way can we better enjoy the convenient services provided by Alipay.