Among modern payment methods, Huabei undoubtedly occupies a place. However, some users have recently found that their Huabei service has been suddenly suspended, what is going on? Today, let's take a look at the rules for Huabei's shutdown.
What we need to know is that Huabei is a credit payment service provided by Alipay, a subsidiary of Ant Financial. It grants users a certain credit limit based on comprehensive factors such as shopping behavior and credit history, so that users can spend first and repay later.
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.
Why was Huabei shut down? In fact, the reasons are varied, but the main ones can be summarized as follows:
1.Late repayment: Huabei requires users to complete repayment before the specified repayment date, and if users are late in repayment, it may trigger the risk control system, resulting in Huabei being temporarily or permanently shut down.
2.Frequent cash-outs: Some users use Huabei to cash out, that is, convert Huabei's quota into cash, which is considered a violation and will also lead to the closure of Huabei once discovered.
3.Declining credit score: The amount of Huabei is determined based on your credit score. If your credit score is lowered, for example due to other loan overdues, credit card defaults, etc., it may lead to a decrease in your Huabei limit or even being shut down.
4.Frequent application for quota increase: If you frequently apply for an increase in the Huabei quota, the system may consider that you have high-risk behaviors, and in order to protect your own rights and interests, your Huabei may be shut down.
5.Account abnormality: If the system detects abnormal behavior in your Alipay account, such as frequently changing devices to log in, or reducing the security level of the account, etc., your Huabei may also be shut down.
All of the above may lead to the closure of Huabei. However, if your Huabei is shut down, don't be too nervous. Ant Financial will provide a grievance channel where you can submit relevant supporting materials, and after review, it may be possible to reopen your Huabei.
As a convenient credit payment tool, Huabei brings a lot of convenience to our lives. However, in the process of use, we should also abide by the relevant regulations to avoid overdue repayment, cash-out and other behaviors, so as to protect our credit history and the rights and interests of Huabei. Only in this way can we truly achieve "consumption first, payment later" and enjoy the convenience brought by Huabei.