Does Huabei s monthly minimum repayment affect credit reporting?

The minimum repayment of Huabei does not affect the credit investigation. When making a repayment in Huabei, the repayment amount not less than the minimum repayment amount will not be counted as overdue. But there is a caveat:

According to the official regulations of Alipay (Android version), after Huabei pays off the minimum repayment amount, the remaining outstanding principal will be calculated from the day after the due repayment date and will be included in the next month's bill.

Extended information: At present, the only thing that can affect personal credit is the overdue repayment behavior of loan products that are in line with credit information, as well as the number of loan applications that everyone usually has. Purely as far as Huabei is concerned, the minimum repayment is within the official allowable range of the platform, so it cannot be regarded as overdue repayment, and naturally there will be no credit stain.

Secondly, the use of Huabei does not need to query credit information, so the credit information data will not change.

On the whole, Huabei's minimum repayment will not have a direct negative impact on credit reporting. However, it should be noted that at present, some users' Huabei has been fully integrated with credit information, and the usual use behavior will be reflected in the credit information, even if everyone only uses a few cents, it will also be on the credit report, in this case, it is best to use less, so as not to give the impression of other financial institutions.

Although the minimum repayment of Huabei has no impact on credit reporting, it does not mean that it can be used frequently. Because the minimum repayment is usually for users who have insufficient repayment ability, once the user makes the minimum repayment every month, the platform may reduce everyone's Huabei limit for the sake of protecting the safety of internal funds.

Therefore, the minimum payment can be used occasionally, but try not to use it every month. If you are unable to pay off the outstanding balance in the short term, you can apply for a bill instalment, which requires a certain handling fee, but it may not be higher than the interest rate of the minimum payment. At the same time, this repayment method is also the most happy for the platform, and it will also improve everyone's impression score on Alipay, which will be of great help to the future increase.

If it is a user who has fully integrated credit reporting, it is recommended to cancel the priority use of Huabei payment to avoid affecting personal qualifications under their own unconscious operation.

It will not affect your credit report.

However, the remaining unpaid amount will be charged the corresponding interest on a daily basis, and then you can settle the remaining principal at any time or choose to repay part of the amount, and the corresponding interest will not be charged if it has been repaid.

Ant Huabei is a consumer credit product launched by Ant Financial, and after applying for it, you will get a consumption quota ranging from 500 to 50,000 yuan. When consuming, users can advance the amount of Ant Huabei and enjoy the shopping experience of "consume first, pay later".

On August 4, 2016, Ant Huabei's consumer credit asset-backed ** project was listed on the Shanghai ** Stock Exchange, which is also the first Internet consumer finance ABS on the Shanghai Stock Exchange.

As of January 2018, Ant Financial has taken the initiative to increase the capital of two microfinance companies by 8.2 billion yuan, increasing the registered capital from 3.8 billion yuan to 12 billion yuan. On May 18, Huabei announced that it would be open to banks and other financial institutions.

1. The use of Huabei minimum repayment is not calculated as overdue, and it will not affect credit. Only if Huabei is overdue or has not been repaid for a long time will it affect personal credit. Although the minimum repayment will not affect the credit investigation, there will be a certain amount of interest on the remaining part of the arrears that have not been returned, and the user needs to pay the relevant fees when making subsequent repayments.

2. Huabei minimum repayment is a repayment method provided for Huabei users, after paying off the minimum repayment, the remaining outstanding principal will be calculated from the next day after the due repayment date, and the daily interest rate will be calculated. As long as the monthly repayment amount is greater than the minimum repayment amount, it is not considered overdue, otherwise it will be recorded as overdue, and the corresponding overdue penalty interest will be charged. However, if Huabei's repayment is overdue, that is, it fails to repay the loan on time before the repayment date (inclusive), and the repayment is lower than the minimum repayment amount of the current bill, it will have an adverse impact.

At that time, the overdue situation will be reported to the system Sesame Credit, and the sesame score is likely to decline, and some Huabei will be connected to the central bank credit, and the overdue situation will also be reported to the central bank credit information, leaving a bad record in the customer's personal credit report, resulting in personal credit damage.

3. You also need to pay attention to the fact that if you keep the minimum repayment, it may make the system think that your repayment ability is not sufficient, which is not conducive to the increase of the limit, and some will also implement the reduction treatment. Therefore, it is advisable for customers to pay off their bills in full and on time if they are able. If you really can't pay it off on time, you can pay it off in installments, or apply for an extension, or occasionally make a minimum payment.

Extended information: Ant Huabei has been officially launched since April 2015, mainly used for shopping on Tmall and **, and has been loved by consumers, especially post-consumers. In order to better serve consumers, Ant Huabei began to break the restrictions of shopping platforms and expand its services to more online and offline consumption areas.

In September 2021, Huabei was fully connected to the central bank's credit information system, and users' refusal to access will lead to the inability to use Huabei.

1.Huabei's monthly minimum payment will not affect credit. If the user only pays the minimum repayment of the Huabei bill every month, it will not affect the personal credit, but if the number of times is large, it may affect the user's Huabei limit.

2.Only the minimum monthly repayment will make the Huabei system think that the user's repayment ability is insufficient, and it may reduce the user's Huabei limit. If the user's Huabei bill is overdue, a penalty interest of 5/10,000 will be incurred every day, and it will also have a certain impact on the future credit business.

Extended Materials. 1. Huabei.

Huabei is a consumer credit product launched by Ant Financial in April 2015, and users can get a consumption limit ranging from 500 to 50,000 yuan after applying for it. When consuming, users can advance the amount of Ant Huabei and enjoy the shopping experience of "consume first, pay later". On August 4, 2016, Ant Huabei's consumer credit asset-backed ** project was listed on the Shanghai ** Stock Exchange, becoming the first Internet consumer finance ABS on the Shanghai Stock Exchange.

2. Overdue installments.

1.After using Huabei to purchase goods, you can installment the amount payable from the previous month from the 1st to the 10th of each month, and the installment amount cannot exceed 90% of the amount payable from the previous month (excluding overdue fees, installment handling fees, and installment payment principal), and there is only one opportunity to apply for installment repayment every month, which is irrevocable, and the installment amount and number of installments cannot be changed. For example, if the repayment amount of the previous month is 10,000 yuan, including the installment amount and handling fee of 2,000 yuan for the previous application, the maximum installment amount this time is 7,200 yuan.

2.The rates corresponding to the number of installments and installments are as follows: 3 installments: ; 6th Installment: ; Issue 9: ; Issue 12:.

3.Principal payable in each instalment = Total principal repayable in instalments Number of instalments.

4.Handling fee for each instalment repayment = total principal amount that can be repaid in instalments Total instalment rate Number of instalment instalments. The amount is accurate to the point that it is included in the monthly installment, and the remainder is included in the first installment, and the handling fee has been collected and will not be refunded.

5.If the current amount due is not paid off before the repayment date, the corresponding overdue interest will be incurred.

3. Huabei quota.

1. After a comprehensive evaluation, Ant Micro Loan will give users a quota to enjoy the consumption first and pay later services at the designated stores;

2. Users with specific quotas can go to [Alipay**] or [Alipay Wallet-Huabei Service Window], or click [Huabei] in [Fortune] to view;

3. All consumer credit lines are shared, including (Tmall installment, try before you buy, use first and pay later, go to installment, Huabei, etc.).

4. There is no way to actively increase the Huabei quota, you just need to maintain a good consumption record, and the system will detect your consumption from time to time and automatically upgrade for you. At the same time, it is recommended that you do not close the operation after opening Huabei, otherwise there will be a risk that it will not be able to be opened again.

Alipay Apple 12, iOS 14, Alipay version.

Hello, Huabei credit purchase can be repaid at a minimum. But because Huabei is now engaged in this product separation, now Huabei and Credit Buy are two credit platforms, but their interest and so on may be different, but they both support minimum repayment.

Huabei's monthly minimum payment will affect credit. If the user has no intention of repaying the minimum repayment of the Huabei bill, it will not affect the personal reputation, but if the number of times is large, it may affect the user's Huabei limit. Only the minimum repayment will be repaid every month, which will make the Huabei system feel that the user's repayment ability is more than enough, and it may be possible to reduce the user's Huabei quota.

If the user's Huabei bill is overdue, a penalty interest of 5/10,000 will be incurred every day, and it will also have an inevitable impact on the future credit closure process. Huabei is a consumer-based credit product launched by Alipay in 2015, which is important to rely on various consumption scenarios, users can or may manipulate Huabei at the moment of payment, and implement the shopping experience of "consumption first, payment later". Each user's Huabei quota is the result of the user's credit score based on the interpretation of the user's credit score by the backing big data.

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It does not affect credit reporting.

1. The minimum repayment amount of Huabei does not affect the credit investigation. At the time of repayment, if the repayment amount is not less than the minimum payment amount, it is not counted as overdue.

2. However, it should be noted that after Huabei repays the minimum repayment amount, the current interest on the remaining outstanding principal shall be calculated from the second day of the due repayment date, and the daily interest rate shall be included in the bill of the next month, and the minimum monthly repayment amount shall not be less than 10 yuan.

3. The minimum repayment amount of Huabei = 10% of the outstanding transaction principal (the new outstanding consumption principal in the current period + the principal transferred out of the minimum repayment cycle of the previous month - transferred out in installments - refund) + 100% of the transaction installment entry amount + 100% of the deferred repayment entry amount + 100% handling fee + 100% of the remaining outstanding amount of overdue historical notes + 100% interest (including penalty interest).

Extended Materials. About Huabei.

1) Huabei is a consumer credit product launched by Alipay in 2015, which uses a different approach, but the results are just as satisfactory. It mainly relies on various consumer scenarios. Users can spend their money on the shopping experience before paying.

After that, consumer spending and credit card spending are similar to credit card spending, and even more extensive than credit card spending.

2) The consumption limit of each user is the result of the comprehensive user credit score of the background big data. Judging from the current consumer market situation, the vast majority of merchants have opened the Huabei collection function, so Huabei is a small and high-frequency daily consumption. When the monthly bill comes out, all the details of the consumption are clear at a glance, which also helps young people understand the direction of their monthly spending.

3) In addition, when repaying, the funds can be repaid through Alipay balance, Yuebao, savings card, etc. First of all, like a credit card, there are no additional fees as long as the payment is made on time before the repayment date. Generally speaking, the invoice date of Huabei is the 1st of each month, the repayment date is before the 10th of each month, and the interest-free period is up to 40 days.

4) Of course, this time point can also be flexibly adjusted according to your own situation. For example, my bill date is the 10th of each month and my repayment date is the 20th of each month. If you can't make your full payment, you can also choose to pay in installments, minimum payments, and deferred payments.

5) If you choose to repay in installments, there are four options and 12. Whichever one you choose, you will need to pay the corresponding installment processing fee. For example, with a total processing rate of 12, there are sometimes different discounts.

6) If you choose the minimum payment, the remaining outstanding amount will bear the interest on each day, which is not low. In addition, Huabei also supports a repayment method called deferred repayment. There is no need to repay this month.

You can repay the loan before the next month's repayment date. The handling fee varies according to the amount of the bill, i.e. it is charged at intervals.