If Ant Huabei is overdue, it will affect the credit on the credit card.

The consequences of overdue payment on Alipay Huabei:

1. Overdue penalty interest: Interest will accrue after overdue payment. If you want to resume overdue payment, you need to pay the principal and handling fee together before it can be restored. .

2. Reduce Zhima Credit Score: Not only will your own Zhima Credit Score be affected, but the Zhima Credit Score of your relatives and friends will also be affected, and your personal credit will also be reduced, with your Zhima Credit Score being lower than 600.

3. Cause bad credit record: Huabei’s overdue repayment affects Zhima credit score, which in turn affects personal credit record. Now Alipay Zhima credit score has become one of the eight major credit reporting agencies.

4. Affects loans and card applications.

5. In severe cases, prosecution and punishment: Huabei’s overdue repayment may result in a reduction in the amount, or in serious cases, prosecution.

Extended information

Ant Huabei:

The full name of Huabei is Ant Huabei. It is a consumer credit product launched by Ant Financial. After applying for activation , you will receive a consumption quota ranging from 500 to 50,000 yuan.

When consuming, users can prepay Ant Huabei’s credit and enjoy the shopping experience of “spend first, pay later”. On August 4, 2016, Ant Huabei’s consumer credit asset-backed securities project was listed on the Shanghai Stock Exchange. This was also the first Internet consumer finance ABS on the Shanghai Stock Exchange. ? As of January 2018, Ant Financial has taken the initiative to increase capital by 8.2 billion yuan in two small loan companies, raising the registered capital from 3.8 billion yuan to 12 billion yuan. ? On May 18, Huabei announced that it would open to banks and other financial institutions.

Repayment method:

Users can advance the amount of Ant Huabei when making purchases, and repay on the 9th of the next month after confirmation of receipt, interest-free period It can last up to 41 days. In addition to the "buy this month, pay back next month, super long-term interest-free" consumption experience, Ant Huabei also launched the Huabei installment function, where consumers can repay in 3, 6, 9, or 12 months.

The 9th of every month is the repayment date for Huabei. Users need to pay off the Huabei bills that have been generated on the repayment date. On the due date of repayment, the system will automatically deduct the balance of Alipay account, Yu'e Bao (you need to activate the Yu'e Bao deduction function), and debit card quick payment (including card) to repay the outstanding portion of the bill. You can also take the initiative to make repayments.

To avoid overdue payment, please ensure that your Alipay account has sufficient funds. If the payment is overdue, a late fee of 0.05% will be charged per day. ?

On November 12, 2018, the Alipay App launched a new function notice stating that the Huabei deferred repayment function will be fully launched on December 1. To put it simply, the Huabei extension is equivalent to a simple transition, which can alleviate the repayment pressure of hand-pickers to a certain extent. ?

On July 30, 2019, Alipay opened an appointment to adjust Huabei’s payment date and corresponding repayment date: users who have signed a contract with Huabei for more than one year can enter Huabei- after passing the system evaluation. My - Repayment date setting, users can now choose to repay on the 15th or 20th of each month, and the payment date will be adjusted accordingly to the 5th or 10th of each month. ?

Reference material comes from: Baidu Encyclopedia-Huabei