Why does borrowing only have a repayment function? Why can t you borrow in 2021?

Borrowing is a commonly used credit loan for many people, and if you lack money, you will go to borrow it, but not everyone can borrow it, and many people only have a repayment function, and they will ask why they can't borrow in 2021. But in fact, borrowing in 2021 is not prohibited, but some people have been adjusted, and today let's take a look at why borrowing only has a repayment function.

Why does borrowing only have a repayment function?

If the borrowing only has the repayment function, it means that it has been closed by the system, and there are two direct reasons:

1. For example, if the user is a student, and in response to the regulatory requirements that lending institutions are not allowed to issue loans to college students, the borrower who opened the loan as a student will be closed.

2. The user's identity has changed, for example, he was a consumer before, and he opened a store on ** later, then the system will provide the corresponding credit loan according to the actual situation, and the previously opened loan will be upgraded to an online business loan because the identity has become an operator, but there can only be one kind of online business loan and borrowing, and the repayment entrance is left when the online loan is opened.

If neither of these reasons is the case, it may be due to bad usage habits or deterioration of credit conditions that the borrowing qualification is withdrawn.

Why can't you borrow in 2021?

1. The phenomenon of long borrowing is serious, many people are keen on small loans, there are more than 10 small loans on the credit report, and the repayment ability is not optimistic.

2. If the credit products on Alipay are borrowed or not repaid, such as Huabei, reserve funds, borrowing, etc., as long as any of them are currently overdue, it may lead to restrictions on the use of other products. It must be paid off and the system can only be restored after a comprehensive evaluation of the system.

3. Alipay is unstable, such as borrowing money in an unfamiliar network environment, or frequently changing the address, changing the mobile phone number, and borrowing will prompt the risk of being cheated, and it is also temporarily impossible to borrow. It is recommended to use Alipay to pay more and so on for about 3 days to stabilize.

4. If you become a laid-back and enter the list of judgment defaulters, you will be restricted from high consumption and unable to use any financial credit products.

If the borrowing cannot be used and can only be repaid, it means that the borrowing is in a state of "only in but not out", and the account should be frozen by the system for risk control.

The reason for this is mostly due to the following reasons.

1. After borrowing the money, the borrower failed to repay the loan on time within the agreed repayment period, and there was an overdue situation, which was reported to the central bank for credit investigation by the system and submitted to Sesame Credit, resulting in personal credit damage and a decline in Sesame credit score (and if Huabei and Alipay reserve funds are overdue, it may also indirectly affect the borrowing).

2. I have applied for multiple loans on the borrowing, but many of them have not been paid off, and the outstanding loans exceed 50 (there are regulations on borrowing, and the loans used at the same time cannot exceed 50).

3. Due to bad behaviors such as frequently changing equipment logins, always changing mobile phone numbers, changing bank cards, modifying account information, or risky operations such as illegal cash-out and score swiping, the account risk has increased, and the system has implemented risk control.

4. The background system is being maintained and upgraded, so the borrowing channel is temporarily closed.

The user's recent application for an online loan, the repayment on time, and the suspicion of whether the identity information has been borrowed online can be clearly reflected through the big data of online loans. Simply use a credit inquiry tool, such as Kingfisher Data, to get a detailed risk report.

Extended information: What should I do if there is no limit for Alipay borrowing?

Alipay borrowing does not have a quota, you can maintain a good credit history in daily life and do not overdue, and then use more Alipay business to show your economic strength, which can improve the score in the system evaluation and help open the quota.

It is worth noting that the borrowed quota can not be actively applied for opening, and if you want to get the quota, you can only pass the review of the system.

If you find that there is an overdue record, it will be difficult to successfully open the quota.

If the quota is successfully opened, the lender must maintain a good record of borrowing and repaying after applying, and do not overdue, once it is overdue, it will affect the personal credit investigation, and at the same time, it will be charged a large amount of penalty interest by the platform, and it will be more difficult to use the loan or apply for other loans in the future.

If the borrowing only has the repayment function, it means that it has been closed by the system.

There are two direct reasons: 1. For example, if the user is a student, and in response to the regulatory requirements that lending institutions are not allowed to issue loans to college students, the borrower who opened the loan as a student will be closed. 2. The user's identity has changed, for example, he was a consumer before, and he opened a store on ** later, then the system will provide the corresponding credit loan according to the actual situation, and the previously opened loan will be upgraded to an online business loan because the identity has become an operator, but there can only be one kind of online business loan and borrowing, and the repayment entrance is left when the online loan is opened.

Credit Loan is a loan service launched by Ant Financial Services Group with the help of Alipay, and users can apply for different loan amounts according to different sesame scores. The maximum repayment period of the loan is 12 months, and the daily interest rate of the loan is to borrow and repay at any time. When borrowing, users can choose to lend money to Alipay accounts and bound savings bank cards for personal consumption, decoration, travel, etc.

Frequent prepayments.

Although borrowing supports early repayment, if the user frequently repays early, the system will think that the user has no need to use the loan, so the user's quota will be closed in order to avoid waste of resources. Therefore, it is best for users to repay according to the agreement signed with the online loan platform, and there is no need to repay in advance, otherwise it will backfire and affect the normal use of the loan.

Infrequent use.

The borrower adopts a user invitation system, and only the invitation of the platform can apply for a loan. At present, the loan threshold of the platform is a Sesame Credit score of more than 600, and only those who meet the loan requirements of the platform can obtain a loan. If the user has applied for a loan in the borrower but has never used it, the system may reduce or even cancel the user's loan amount.

The data is out of date. When applying for a loan, the user needs to submit complete and effective information for the system's reference, so as to decide whether to approve the loan and how much the loan amount is. If the information submitted by the user has expired, then it is necessary to re-apply for the relevant information and re-authenticate.

Overdue Behavior. If the user is overdue when using the loan, it will not only affect the future use of the loan, but also the platform will charge penalty interest according to the number of days the user is overdue. Therefore, it is recommended that users do not have overdue situations on the platform, otherwise their personal credit will be affected, which will lead to the closure of the loan.

The borrowing will not be canceled, but it can no longer expand with as much fanfare as before, and it is already a semi-underground operation, only for old customers or special channel customers. If you don't qualify now, you won't be able to do it in the future.

If Alipay is not closed, the borrowing will not be canceled. It may change due to policies and other reasons, such as the improvement of the conditions of use, such as changing the name, etc. However, as long as Alipay is still there, borrowing will exist.

It will not be canceled, and there have been great changes in the borrowing, but it is still in normal use so far, and there is no large-scale closure, and the closure problem reported by some users is likely to be that the system evaluation did not pass after the standard adjustment, so the quota was withdrawn.

Personally, I don't think it will be canceled. Because if you borrow money in installments in 2021, it will definitely not be paid off at the beginning of 2022, and the number of borrowers is large, it is impossible to say that all users will repay the money in advance, so it is not that it can be canceled if it is canceled.

The borrowing should not be canceled in a short period of time, but it should be regulated or some rules will change. Even if you want to cancel, you will be notified in time, and there will be a transition period.

If the interest rate of borrowing is too high, it is also illegal, look at the state control, my borrowing last year has been closed, and it may be slowly canceled now.

I don't think it's easy to say, but it has to be determined according to its official announcement.

This one definitely won't, even if it is canceled one day, so what can it be? Don't forget that there are other lending products, as well as credit cards.

This depends on the country's policy, and I personally think that there is a high probability that it will not be canceled, and the most is to screen customers again.

It depends on how the official handles it, it shouldn't be closed, but the policy will definitely be changed.

No, Alipay's borrowing is not going to be canceled, and the cancellation of Mutual Aid is true.

No, the loan will not be cancelled.

Judging by the current trend, it is highly likely.

"The large-scale closure of Ant Borrowing in 2022 is mainly due to excessive leverage and violation of relevant regulatory regulations of the central bank, and the initiative to close some user accounts to control the loan balance. Therefore, many users have taken the initiative to close their accounts by the borrowed officials, which has nothing to do with the user's own use. Common reasons why ant borrowing is closed 1. There is a quota that has never been used In this case, if you have the quota of ant borrowing, but have not used it for a long time, then the system will determine that you have no need to borrow, so as to close your borrowing quota and open the quota to those who need it more.

2. Have a record of overdue repayment As a credit loan product, Ant Borrowing accounts for a very heavy proportion of personal credit.

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Can I still use borrowing in 2021? In 2021, ant borrowing can still be used normally. However, it should be noted that in response to national policies, Borrower has issued many new regulations, and the requirements for borrowers' personal comprehensive qualifications are more stringent.

First of all, users who have been overdue, the Alipay system will regularly assess the user's credit situation, if it is found that the user's borrowing bill is overdue many times. It will reduce the user's sesame credit score, resulting in a decrease in the user's borrowing credit line, or the borrowing will be directly banned.

In addition to the above, users who frequently modify their personal information may also be banned from borrowing their accounts by the system. According to the new regulations of borrowing in 2021, if users frequently change key information such as personal ID number, bound mobile phone number, bank card number, and work unit in Alipay, the Alipay system is likely to feel that the user's account has been stolen. In order to ensure the safety of funds, the Alipay system will close the user's borrowing account.

Is 2021 Ant Borrowing Reliable?