Recently, the news about "comprehensive reform of borrowing, as long as the user is overdue, the remaining loan will be fully recovered" has attracted widespread attention on the Internet. What's going on here? Let's take a look together. 
We need to understand what borrowing is. Borrowing is an online consumer credit product launched by Ant Group, a subsidiary of Alibaba, through which users can borrow for a short period of time to meet their daily life or emergency needs. In recent years, with the rapid development of Internet finance, credit products such as borrowing have been welcomed by more and more users. Returning to the question itself, the statement that "as long as the user is overdue, the remaining loan will be fully recovered" is actually a misunderstanding of the recent adjustment policy of borrowing. According to Ant Group's official statement, it has indeed carried out a comprehensive reform of borrowing to better protect user rights and financial security. However, the so-called "full recovery of remaining loans" is not for all overdue users, but is one of the measures taken after a comprehensive assessment based on various factors such as the user's credit status and borrowing history. 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 exactly does this reform include? First of all, in terms of risk control, Borrower will review the credit status of users more strictly, and may limit the loan amount or reject the loan application for users with higher risks. In addition, Borrower has also strengthened its cooperation with third-party credit bureaus to obtain more accurate user credit information. In terms of repayment methods, Borrower has launched a more flexible repayment plan. Users can choose to repay in installments or in one lump sum according to their actual situation to reduce the pressure of repayment. At the same time, for users who are overdue for repayment, Borrower will take more reasonable collection measures to avoid causing too much trouble to users. 
In terms of user experience, Borrowing will further optimize the product interface and service process, so that users can use the loan service more conveniently. At the same time, borrowing will also strengthen user education and help users establish correct financial concepts and consumption concepts. The statement that "as long as the user is overdue, the remaining loan will be fully recovered" is not entirely accurate. In fact, the reform of borrowing aims to better protect the rights and interests of users and financial security, and provide users with better financial services through the optimization of risk control, repayment methods and user experience. As users, we should look at these reform measures rationally, establish a correct concept of finance and consumption, rationally use credit products, and jointly maintain a good order in the financial market.