What does Huabei mean by upgrading credit purchase

In fact, Huabei's credit purchase is Huabei's brand isolation. The previous Huabei was offered by other financial institutions such as Ant Consumer Finance and banks. However, the upgraded Huabei page will become "Huabei Credit Purchase".

In fact, it is to add a credit purchase product and separate the service subjects of the two products.

1.Huabei is jointly provided by Chongqing Ant Microfinance and other financial institutions such as banks. However, according to regulatory requirements, loans provided by different financial institutions should be differentiated to avoid misleading consumers.

2.So Ant Consumer Finance **** was established, but with the approval of Ant Consumer Finance ****, other financial institutions can no longer use the name of Huabei. Therefore, Huabei will achieve brand isolation through upgrades, and the services provided by banks and other financial institutions will be updated to "credit purchase".

In order to make it clear to consumers which institution provides their credit facilities, the name of the financial institution is displayed on the credit purchase page.

In fact, it is the brand isolation of Huabei, which was previously provided by Ant Consumer Finance and other financial institutions such as banks. However, the upgraded Huabei page will become "Huabei|"."Credit purchase" is actually a new credit purchase product, and the service subjects of the two products are separately distinguished.

Among them, Huabei's service entity has become Ant Consumer Finance Company alone, while other financial institutions such as banks provide services for credit purchase alone. For users, the advantage is that they have two different consumer credit products at the same time, and the amount is independent and the use is also independent.

Why don't you point to Huabei's new upgrade?

Huabei was newly upgraded to Huabei|After the credit purchase, whether it is Huabei or credit purchase, it will be reported to the credit information center, which is the main reason why many people say that they should never order Huabei service upgrades. Some people may say that if you go to the credit report, you will be on the credit report, as long as the repayment on time is not overdue, there is no problem, but you can develop a good credit history.

However, everyone should be clear that it is also an interest-free overdraft product on the credit report, and the types of credit cards and Huabei and credit purchases are different, especially in the case of housing loans, as long as the amount owed by the credit card is not large and not overdue, there is no problem; However, Huabei and credit purchase will be treated as small loans, and banks with strict requirements will let them settle the arrears before they can handle the mortgage.

1. Huabei. Credit purchases can be upgraded or not, and there is no good or bad distinction. The purpose of the Huabei credit purchase upgrade is to isolate the Huabei brand.

Previously, Huabei was offered by other financial institutions such as Ant Consumer Finance and banks, but the upgraded Huabei page will become "Huabei Credit Purchase". What is certain is that the Huabei upgrade credit purchase will not affect the user experience.

Therefore, there is no good or bad thing about Huabei credit purchase upgrades. As for whether to upgrade or not, it depends on the needs of the user. You can choose to upgrade or not. The advantage of upgrading is that you can have two different consumer credit products at the same time, with independent lines and independent uses.

2. Huabei service upgrade is optional, and whether to upgrade or not depends on the situation

1.Suitable for those who upgrade Huabei:

1) I already have a Huabei quota, but I haven't borrowed it.

The person who uses the permissions;

2) Those who have a good lending record in the financial institutions that Alipay cooperates with;

3) Personally, I think Huabei has a credit line.

Insufficient, people who want to increase their borrowing limit.

2.People who are not suitable for upgrading Huabei:

1) Individuals are worried that after the Huabei service is upgraded, many financial institutions will obtain their own personal information, which will increase the risk of information leakage

2) Have a record of non-performing loans or contingent liabilities in the financial institutions that Alipay cooperates with.

people;3) People who do not plan to use Huabei in the short term want to take a closer look at the trend of Huabei.

3.Benefits of Huabei Service Upgrade:

1) The loan amount may be increased. In the past, Ant Micro Loan provided loan services, but after the service is upgraded, other financial institutions will join in, and the amount given will increase. If you have a good loan record in other financial institutions, Huabei's credit line may be increased after the service upgrade.

2) Loan interest rate.

may go down. Because of the risk control of different lending institutions.

No, some lenders are more lenient, and the credit line may rise, and the loan interest rate may fall.

3) After Huabei upgrades its services, Alipay can better assess the user's risk level.

4.Disadvantages of Huabei service upgrade:

1) After the service upgrade, the use of Huabei will be on the credit report, if it is overdue, it will greatly affect our credit information, leave a bad credit record, and let us apply for loans in other lending institutions in the future.

2) If you apply for a housing loan, some banks will require the mortgage applicant to settle the small loan in advance, and those who frequently use Huabei will have a certain impact on the application for a housing loan.

1. Benefits of upgrading.

Huabei. After the service is upgraded, the Huabei page will become "Huabei|"."Credit purchase", which is equivalent to a new credit purchase product on the basis of the original Huabei, can be overdrawn interest-free, and the amount is independent of each other, can be used independently without interfering with each other, users can use Alipay "Huabei |The Credit Purchase page sets the priority order for the two products.

2. The disadvantages of upgrading.

In fact, it is the user's view of the credit information on the product, if you don't want to go to the credit information, you will definitely think that the service upgrade is not good, after all, whether it is Huabei or credit purchase, it will be reported to the credit information system.

then the user's credit report.

The credit history will show the loan information of Huabei and Credit Purchase respectively.

Extended information: 1. What is the impact of Huabei's service upgrade?

1. First of all, if Alipay users do not agree to upgrade the Huabei service, the system will limit the user's quota in the subsequent Huabei increase, through this form of restriction, Huabei users can upgrade the Huabei service in disguise, after all, for Alipay, the construction of Huabei requires the joint participation of all Alipay members. Only through this reasonable form can the follow-up Huabei's business be carried out more smoothly.

2. Secondly, it will restrict the opening of the user's follow-up Alipay business, through this form to disguise the users of Alipay to take the initiative to upgrade the Huabei business, after all, for Alipay, in the process of upgrading the Huabei service, it is necessary to collect the relevant operation information of the user, if there are Alipay users who do not complete the cooperation, it may lead to the disorder of the follow-up Huabei business, and it is also for the interests of Alipay customers.

2. What is the difference between Huabei and credit purchase?

1. Huabei's official announcement stated that in order to implement the regulatory requirements related to consumer credit, it will more fully protect the rights and interests of consumers.

Huabei has started the "brand isolation" work, and some users' Huabei has been updated to Huabei and "credit purchase".

2. In the past, Huabei service was provided by Ant Group.

and other financial institutions such as banks. In June this year, the China Banking and Insurance Regulatory Commission.

It means that in the future, Huabei and borrowing.

In order to become the exclusive brand of Ant Consumer Finance, the consumer credit provided by other financial institutions can no longer be labeled as Huabei or borrowed, so as to avoid brand confusion.

3. The "credit purchase" type of service is the consumer credit provided by other financial institutions, and the "xx bank credit purchase" you see is to identify the specific service provider. Huabei still exists, and as an exclusive product of Ant Consumer Finance, it focuses on small and medium-sized consumer demand.

Summary. Hello, upgrade better. Huabei credit shopping upgrade is better, after the upgrade, you can enjoy the function of credit purchase in addition to the traditional Huabei function.

Hello, upgrade better. Huabei credit shopping upgrade is better, after the upgrade, you can enjoy the function of credit purchase in addition to the traditional Huabei function.

After the Huabei service is upgraded, the Huabei page will become "Huabei|"."Credit purchase", which is equivalent to a new credit purchase product on the basis of the original Huazhou Gaobei, is a book slider that can be overdrawn interest-free, and the amount is independent of each other, and can be used independently without interfering with each other, so that fiber users can use Alipay "Huabei |".The Credit Purchase page sets the priority order for the two products.

Will it affect the credit record?

It will affect credit records. Because it has been connected with the bank's credit information.

As long as you can guarantee that you repay the loan on time, this will not affect your personal credit report.

I mean, if this one, oh oh use.

If, used normally, never overdue.

Now that Huabei has docked with the credit information, as long as the repayment is made on time, there is no problem.

If it is used normally and is not overdue, it will have no impact on credit reporting.

Only if it is overdue, it will be reported to the credit report.

The bill will be repaid when it comes out, will there be an online loan record?

If the bill comes out, it will be repaid normally, there is no overdue, and there will be no online loan record, but if you are overdue, it will be reported to the credit report.

Will it affect the car loan and online loan records?

Will it affect car loans and housing loans?

It will not affect the disbursement of car loans and housing loans, as long as you repay on time and there is no overdue record.