Now that Ant Huabei is used normally, will it be recorded on the credit report if it is not overdue?

Normal use is not overdue, and it will not be on the credit report.

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.

Huabei can only be used for consumption payment, can not be withdrawn, if you have urgent money needs, you can consider using Du Xiaoman Finance to spend money to borrow. The application for money is simple, the loan is fast, and the borrowing and repayment is flexible, and users can take the initiative to apply. The interest fee for money is transparent, the big brand is reliable, the interest rate is low, and the maximum borrowing amount is 200,000, which can meet the needs of most borrowers.

In addition to individual consumers, small and micro business owners who need start-up or working capital can also consider having money to spend, and Money is committed to providing accurate, convenient and efficient financial services for small and micro business owners.

This is provided by Kangbo Finance, which focuses on the interpretation of financial hot events, the popularization of financial knowledge, adheres to professionalism, pursues fun, makes financial content that people can understand, and conveys financial value in a vivid and diverse way. Hope this helps.

On credit information, starting in 2021, Huabei is gradually promoting the work of accessing the central bank's credit information system. On the basis of obtaining the user's authorization, some users have been able to query Huabei records in their credit reports, and the credit information service will gradually cover all users in the future.

Huabei said that the normal use of Huabei and maintaining good usage and repayment habits will not lead to difficulties in loans. In addition, more than 99% of Huabei users have good usage records, and it is recommended that users continue to maintain scientific and rational usage habits, live within their means, and use credit tools reasonably.

In addition, the relevant person in charge of the Bank of Shanghai told reporters: "In the daily loan approval, the bank will make a comprehensive judgment based on the user's overall debt, cash flow, and whether there is a default record. A good credit record reflects the user's willingness and ability to repay.

Therefore, the rational use of Huabei and the timely repayment will not have a negative impact on the approval of bank loans. ”

In accordance with the requirements of credit reporting, the relevant records currently submitted by Huabei to the credit reporting system include the date of account opening, credit line, use of credit line and repayment. In terms of frequency, Huabei records are summarized on a monthly basis, and will not be submitted in a single transaction, nor will specific consumption information be reported. Therefore, access to credit information will not expose the specific consumption information of individuals, nor will it lead to a sharp increase in the number of credit records.

The borrowing will be on the credit report, and Huabei will not be on the credit report. Although Huabei will not be on the central bank's credit, if Huabei is overdue, it will affect the evaluation of Sesame Credit. Sesame Credit is Alipay's credit evaluation system, which affects the comprehensive evaluation of all Alipay's credit products.

The overdue date of Huabei will also lead to a decrease in the credit score of Sesame, which will lead to the limited use of functions such as borrowing and reserve funds.

What behaviors affect personal credit reporting?

1. The credit card is overdue. Failing to make a payment on time after a credit card payment is due, or not meeting the minimum payment amount.

2. The loan is overdue. Some of the loans are overdue, and some will not be on the credit report. For example, bank loans, some small loan companies, online loans, etc. will be on the credit, although some loan companies do not go on the credit, but we should not have a fluke mentality, once the overdue loan company is also likely to cooperate with other financial institutions connected to the credit system, the overdue record uploaded.

3. Overdue caused by third-party guarantee. If you have made a loan guarantee for someone else, although you are not repaying the loan, if the borrower is overdue or does not repay, the personal credit of the guarantor will also be reflected.

4. Overdue caused by fee adjustment. Some bank interest is floating, especially for housing loans, if the interest on the mortgage is raised, the owner still repays according to the original repayment amount, which is easy to cause overdue.

5. Overdue due to credit card annual fee. Some credit cards have an annual fee, and most banks will incur an annual fee after you open the card, and the annual fee can only be waived after a certain number of purchases; Some people think that as long as they don't use the card to consume after opening the card, they don't need to pay back, but in fact there will be an annual fee.

Bad credit records caused by social behavior

1. Tax arrears. Including personal income tax and other income tax payable.

2. Civil judgment records. If a civil lawsuit is involved, and it is not executed on time after the court judgment is issued, the court will upload the act to the personal credit report.

3. Enforcement records. Court enforcement, will also be uploaded to the personal credit record.

4. Telecom arrears records. **Arrears seem to be a trivial matter, but if you don't pay the arrears for a long time, the telecommunications department will also upload this behavior to the personal credit record.

5. Administrative penalties. If the punishment is not fulfilled on time after being administratively punished, the administrative agency will also upload this behavior to the personal credit report.

6. Subway fare evasion. Do you still have to go to the credit report for subway fare evasion? You see it right, at present, the Shenzhen Metro has been implemented, and once the fare evasion is caught, it is likely to be uploaded to the personal credit system.

Does Huabei affect personal credit reporting.

Huabei will not affect credit reporting.

As of March 12, 2020, Huabei did not access the personal credit reporting system of the People's Bank of China, only Sesame Credit. When using Huabei, the borrowing and repayment records, overdue records and other records generated by Huabei will be reported to Sesame Credit instead of the personal credit reporting system.

Therefore, regardless of whether Huabei is connected to the personal credit reporting system or not, users need to maintain good repayment habits and not overdue. Although the use of Huabei will not affect the personal credit system, it will affect Sesame Credit, which is an important part of Ant Financial's ecosystem and runs through the entire Alibaba Group's business.

If the user returns the arrears of Huabei on time and in full, there will be a record of compliance, which is positive information, which will improve the user's sesame credit score and help the user obtain more rights and interests. If a user fails to repay Huabei's arrears after the deadline, a default record will be generated, which is negative information, which will reduce the user's Sesame Credit score and affect the user's use of Alibaba Group's applications.