What is the impact of frequent use of Huabei on personal credit reporting?

Will the frequent use of Alipay's Huabei and borrowing affect personal credit reporting?

Huabei is a first-class consumer financial service provided by Ant Financial to consumers to "buy this month and pay back next month", which is essentially "credit consumption", and it was not on credit investigation in the past. However, Alipay recently officially said that some users have been connected to the central bank's credit information, and the rest of the users will be covered in batches.

If the user sees the "Personal Credit Information Inquiry and Submission Authorization Letter" in Huabei's "Relevant Contracts and Product Descriptions", it means that the user's Huabei has been on the credit report. After accessing the credit information, the Huabei data will be combined and uploaded once a month.

At present, formal loan platforms will be connected to the credit information system in accordance with the relevant regulations of the People's Bank of China. When a consumer loan product is connected to personal credit information, it will truthfully feedback the borrower's historical usage records, which will help financial institutions evaluate the borrower's personal credit status.

Under normal circumstances, if the borrower repays the loan on time and maintains good usage habits, then the use of Huabei will not have a negative impact on personal credit, but will help personal credit accumulation, and become a proof of good credit when applying for housing loans, car loans and other loans in the future.

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Huabei affects credit records. At present, Huabei has been connected to the personal credit reporting system of the People's Bank of China, and when using Huabei, the borrowing and returning records, overdue records and other records generated by the parties will be submitted to the personal credit reporting system. Therefore, for rational consumers, they should still borrow within their own financial capacity and not blindly consume, so as not to bring financial burden to themselves or affect their credit history.

1. Overdue records: The bank generally follows the principle of continuous accumulation of six mortgages, and there can be no more than 6 overdue records in the last 2 years, nor can there be more than 3 consecutive non-repayment, otherwise the loan will be rejected. In addition to the principle of three times and six times, if the overdue is relatively light, the bank may give you approval, but the interest rate may rise.

2. Too many inquiries in the last six months: If there are more than 6 inquiries (10 times required by some banks) in the past six months, it is easy to be rejected or the interest rate will be raised.

3. Have an online loan record: If there are online loans (including but not limited to online loans such as borrowing, micro loans, Jingdong Baitiao, etc.), the housing loan will have more or less impact, serious direct refusal of loans, and light loans may rise interest rates, but the premise is basically that these online loans are settled first. Moreover, some banks may be slow to approve customers with online loans.

Huabei overdue will be subject to credit investigation. However, Huabei has a grace period of 3 days, and as long as the overdue period is paid off in time, it will not affect the credit investigation. For example:

The 9th is the repayment date, and you only need to pay off the arrears before 24 o'clock on the 12th, and there will be no credit information. Under normal circumstances, only Huabei will be on credit if it is overdue for more than one month, and when it is overdue for more than one month, it will directly cause the user's Huabei to be frozen, and the user cannot use it normally. Although Huabei's overdue will not immediately affect the credit investigation, it will still affect the user's sesame credit score.

Sesame Credit is a credit rating system of the Alipay system, as long as Huabei is overdue, no matter how long the overdue time will cause the user's sesame credit score to decline, and once the Sesame Credit score drops, it will cause the Huabei quota to decrease.

Repeated applications for online loans, even if they are not overdue, will result in the damage of the online black index score, and will be judged to be on the online loan blacklist. Once it becomes the blacklist of online loans, not only will the application for online loans not be approved, but even Huabei and borrowing will be reduced, and even closed in serious cases.

In addition to protecting personal information, borrowers can learn about their online loan usage through Xiaoqi Xincha, including details such as comprehensive scores, application records, and personal online loan big data.

Huabei is Alipay's own credit system, and the credit system of the whole country has not been networked yet, but, later, national data sharing is not impossible, you just need to repay normally, similar to credit cards, there is no interest, and it is very convenient to use, now this society is basically a credit society, if you have a problem with credit, it will be very inconvenient, he dares to do this, he is not afraid that you will not pay back, to be honest, now mobile payment is so popular, if you Alipay can not be used, Feel super inconvenient, come on, boy! Pay your money on time!

There will be a fee for borrowing and Huabei if it is overdue. And it will have an impact on personal credit investigation and the use of borrowing and Huabei, and it is recommended to repay the loan in time.

In fact, as long as we repay the loan on time, the common use of Huabei will not have any impact on us, let alone our personal credit.

Alipay will not affect the credit information, so Alipay can indeed help you solve some problems, and some people are very puzzled, long-term use of Alipay's Huabei, will there be some problems with their credit information? So what I want to tell you today is that if you use Huabei frequently and can return the money in time, then it will not have any impact on your credit reporting. But if you have the phenomenon of overdue, then it is likely to have some impact on your credit.

It is more likely that they will also be sued by Alipay Lock, so it is also recommended that you repay the money in time after borrowing.

Return the borrowed money on timeIt is recommended that you borrow money on a formal online loan platform, and Alipay's Huabei is the preferred borrowing software for many people. And it is also recognized by many people, and everyone knows that Alipay is a regular company, so there will be no high interest. Therefore, if you want to borrow a few hundred or thousands of dollars, then you can choose to use Alipay to borrow money.

However, if you borrow money from other online loan platforms, it is likely that it will also have some impact on your credit information.

Don't cash out, even if you return all the money on time, it will have a certain impact. Then it is recommended that you do not use the phenomenon of cashing out on Alipay, many online loan platforms are not able to cash out. This is also the bottom line that will touch the major platforms, so I still hope that everyone can pay attention to this.

No. Because of the frequent use of Huabei, as long as the loan is repaid on time, there is no expected situation, which will not have an impact on credit reporting.

It will not have much impact, and all the Huabei owed must be returned in this process, so in this case, it will not have much impact on your own credit, and it will also help to a certain extent.

If you don't pay it back for a long time, it may affect your own loans and life in the future, and it will have a great impact on credit reporting.

Although the role of Huabei is equivalent to that of a credit card, it is essentially a loan from a small loan company for consumption. In the process of use, users will generate consumption records, so as to associate their own credit. The crowdloan centers of many banks say that banks will not refuse to handle loan services because the loan applicant uses Internet financial products such as Huabei, but if the applicant fails to return on time because of the use of Huabei and other Internet reception products for many times, then the applicant's credibility will be reconsidered, and if Huabei can be repaid on time every month, it will generally not have any impact on the applicant.

No. Although you use Huabei more frequently, you have to pay it back on time, which will not affect the credit investigation. If your credit is good, the Huabei limit will increase.

No, but after using Huabei, you must pay back the money you owe in time, so that it will not affect the credit investigation, and it will not affect the future loan or integrity.

If you repay it regularly, it will not affect the credit report, and if you do not repay it after borrowing, then it will definitely affect the credit report.

No, as long as you repay on time and are not overdue, it will have no impact on credit reporting.

Huabei is essentially a "credit consumption", and it was not on credit in the past. However, Alipay recently officially said that some users have been connected to the central bank's credit information, and the rest of the users will be covered in batches.

If Alipay Huabei has been connected to the credit information system, the delayed repayment will affect the credit information, and the credit investigation will not be affected if it is not connected to the credit information system.

Alipay customer service said that if it is never overdue in the process of using Huabei, it will not have an impact on the credit report, and the form reflected in the credit report is not yet clear. "The minimum monthly repayment amount is a normal repayment method and will not affect the economic activity of consumers. ”

Extended Materials. 1. Introduction to Alipay:

Alipay (China) Network Technology **** was established on December 8, 2004, registered in the 15th floor, No. 447, Nanquan North Road, China (Shanghai) Free ** Pilot Zone, and the legal representative is Jing Xiandong. The business scope includes Internet payment, mobile payment, bank card acquiring, and the issuance and acceptance of prepaid cards (limited to online real-name payment account recharge); Information service business in the second category of value-added telecommunication services (limited to Internet information service services); Information services that do not include news, publishing, education, health care, pharmaceuticals and medical devices, culture, radio, film and television programs, and electronic bulletins; Call center business and information service business (excluding fixed network information service and Internet information service) in the second category of value-added telecommunications services, design, development and maintenance of computer software, hardware, multi-network systems and related computer technology consulting, technical services, transfer of technological achievements and technology application, economic information consulting (except brokerage); sales of software products developed by the Company; Designing, producing, and publishing domestic advertisements. [Projects subject to approval in accordance with the law can only be carried out after approval by relevant departments] Alipay (China) Network Technology **** foreign investment companies with 35 branches.

Second, Alipay's business scope.

Issuance and acceptance of Internet payment, mobile** payment, bank card acquiring, and prepaid cards (limited to online real-name payment account recharge); Information service business in the second category of value-added telecommunication services (limited to Internet information service services); Information services that do not include news, publishing, education, health care, pharmaceuticals and medical devices, culture, radio, film and television programs, and electronic bulletins; Call center business and information service business (excluding fixed network information service and Internet information service) in the second category of value-added telecommunications services, design, development and maintenance of computer software, hardware, multi-network systems and related computer technology consulting, technical services, transfer of technological achievements and technology application, economic information consulting (except brokerage); sales of software products developed by the Company; Designing, producing, and publishing domestic advertisements. [For projects subject to approval in accordance with the law, business activities can only be carried out after approval by relevant departments].