After Huabei is included in the credit report, do you still dare to use it frequently? It may affect your application for large loans in the future

This is a fast-paced society. When early consumption becomes people's daily payment habit, Huabei, Jingdong Baitiao and other related products gradually become the choice of contemporary young people after credit cards. People have more choices. It has been confirmed that Huabei and JD Baitiao are officially included in the credit report, but the user groups will be covered in batches.

Compared with credit cards, many young friends around me are more accustomed to using Huabei. Although I have not used it, I know that the application and use of Huabei will be more convenient and efficient than credit cards. , especially when you can often save a few cents when paying. However, when Huabei is included in the credit report, our past usage habits are likely to affect our future large loan applications, so it is still necessary to understand some relevant knowledge about Huabei and the credit report.

Similarly, you consume first and pay later, but many friends don’t know the misunderstanding that Huabei is different from credit cards.

Credit card: The issuing entity of credit card is the bank, and the credit report is personal consumption record.

Huabei: Huabei is a consumer loan product, its main body is the loan company, and the credit report is a personal record.

When financial institutions assess an individual’s repayment ability, they must collect various aspects of loan information. If Huabei is outside the central bank system, the accuracy of the assessment will be lacking, creating potential risks. . In addition, we only see early consumption and on-time repayment, but behind this, the flow of funds is linked to each other. If there is a large-scale default in one of the links, it will inevitably cause the entire ecological chain to collapse. In times of turmoil, credit reporting is particularly important at this time.

Because Huabei cannot be withdrawn for cash and can only be used for consumption, it is not considered a small loan that can be withdrawn to a bank card according to regulations, so it has not been connected to credit reporting in the past. However, the number of Huabei users now exceeds 300 million. Without the constraints of the credit reporting system, the credit risk is very high, so it is only a matter of time before Huabei is included in the credit reporting system.

1. Having bad records such as overdue payment;

2. Having no credit record at all;

3. Frequent credit reporting.

Whether it is a credit card or Huabei, if there is a problem with your credit report, the biggest impact will be on a large loan in your future. In addition to people with bad records such as overdue loans and no credit history, there are several friends around me who frequently were rejected when applying for a mortgage even though they made on-time repayments.

Now we understand that the frequent use of credit cards is a consumption record in the central bank’s credit record report; and the frequent use of Huabei is a record in the central bank’s credit record report.

The impact of frequent use of Huabei on future large-amount loan applications is not absolute. The specific impact also depends on the local approval bank, that is, each bank's attitude towards Huabei credit reporting. However, the risk control team of any bank will be somewhat concerned about whether some frequent applicants pass or fail. In short, I personally think that a person's frequent records on multiple platforms will always leave the approving officer with the impression that his income is unstable. People call this situation "spent credit reporting."

I personally believe that it is a good thing that Huabei has access to personal credit information. This will help solve the problem of incomplete coverage of personal credit information and lending records in my country. Otherwise, the consumption records of hundreds of millions of people will be outside the credit reporting system, and there will be potential risks.

For those friends who are clamoring to close Huabei, I would like to say that closing is not the fundamental solution to the problem. It is safest to control yourself and conduct self-disciplined consumption within your own capabilities. Dear friends, have you already connected to the credit report in Huabei? What impact will it have on you in the future?

What are the banks that issue credit cards in my country?

The banks that issue credit cards in my country are as follows:

State-owned banks: Bank of China, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, and Postal Savings Bank.

Main national commercial banks: China Merchants Bank, Bank of Communications, China Guangfa Bank, China CITIC Bank, Industrial Bank, Minsheng Bank, Ping An Bank, Shanghai Pudong Development Bank, China Everbright Bank, Hua Xia Bank, Citibank.

Regional banks: Bank of Ningbo, Bank of Beijing, Bank of Jiangsu, Shanghai Rural Commercial Bank, Baoshang Bank, Bank of Hangzhou, Bank of Nanjing, Bank of Hebei, Chongqing Rural Commercial Bank, Shengjing Bank, Chengdu Rural Commercial Bank Bank, Shangrao Bank, Yaodu Rural Commercial Bank, Shangqiu Commercial Bank, Wenzhou Bank, Guangzhou Bank, Tianjin Bank, Municipal Commercial Bank, Harbin Bank, Chongqing Bank, Hankou Bank.

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Credit cards are also called credit cards. It is a non-cash transaction payment method and a simple credit service.

A credit card is generally a special carrier plastic card with consumer credit that is 85.60 mm long, 53.98 mm wide, and 1 mm thick. It is issued by the bank to individuals and organizations, and can be used to shop, consume, and deposit and withdraw cash from the bank. It is in the form of a card with the name of the issuing bank, validity period, number, cardholder name, etc. printed on the front and a magnetic card on the back. strip, signature strip.

Credit cards are issued to cardholders by banks or credit card companies based on the user's creditworthiness and financial resources. Cardholders do not need to pay cash when using the credit card, and repayment will be made on the bill date.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards are issued by banks and give cardholders a certain credit limit. The cardholders can consume within the credit limit and then repay. A credit card; a quasi-credit card refers to a quasi-credit card issued by a bank. The cardholder deposits a certain amount of reserve as required. When the reserve account balance is insufficient for payment, the quasi-credit card can be overdrawn within the prescribed credit limit. When we talk about credit cards, we generally refer only to credit cards.

In the 1960s, credit cards sprouted and developed rapidly in developed European and American countries such as the United States, Canada, and the United Kingdom. After more than 50 years of development, credit cards have been widely accepted in more than 95% of countries around the world.

In the 1980s, with the reform and opening up and the development of market economy, credit cards began to enter China as an electronic and modern consumer financial payment tool, and in the past ten years, they have grown by leaps and bounds. rapid development.

After experiencing the financial crisis and the ups and downs of the domestic economy, my country's credit card market rebounded in 2016. By the end of 2016, the total number of domestic credit cards issued had exceeded 590 million.

In 2016, the amount of credit card consumption transactions nationwide reached 741.81 trillion yuan, an increase of 10.75%. The proportion of credit card consumption in the total retail sales of consumer goods continues to increase

Loans in mainland China Characteristics of debit cards (i.e. credit cards in international significance):

1. Spend first, repay later

2. Deposits do not bear interest

3. The interest-free repayment period generally ranges from 20 to 60 days in mainland China

4. There is a minimum repayment amount

5. Interest is generally calculated based on daily simple interest. Interest is calculated on a monthly basis

6. For those who fail to repay the minimum payment on time, punitive interest or late fees will be levied; those who overdraft maliciously will be held legally responsible

7. The application requires certain proof of identity, property and financial resources, and sometimes a guarantee is required.

Is the bank card of a rural credit cooperative a credit card?

No. Bank cards include credit cards and debit cards. A credit card is just a type of bank card. In terms of appearance, debit cards and credit cards have the following differences:

1. Most debit cards do not have the pinyin of the name, while credit cards have the pinyin of the holder's name.

2. Usually the names and names of credit cards are pressed out in three-dimensional characters, while those of debit cards are usually printed.

3. Many debit cards will have a label on the front of the card: debit card/deposit card.

4. Many banks have specialized brands.

5. There are usually "notes" on the back of the card, which often indicates what type of card it is.

6. Most debit cards do not have international settlement functions, so they only have the "UnionPay" logo; while most credit cards are currently dual-currency or foreign currency cards with the logos of international card organizations such as VISA or MASTERCARD.

Extended information:

The cards of rural credit cooperatives are generally divided into savings cards, credit cards, and debit cards. Rural credit cooperatives refer to rural cooperative financial institutions established with the approval of the People's Bank of China, composed of members holding shares, practicing democratic management, and mainly providing financial services to members. Rural credit cooperatives are independent corporate legal persons. They bear responsibility for the debts of rural credit cooperatives with all their assets and enjoy civil rights in accordance with the law.

Their property, legitimate rights and interests and business activities carried out in accordance with the law are protected by national laws. Its main task is to raise idle funds in rural areas and provide financial services for the development of agriculture, farmers and rural economy. In accordance with the provisions of national laws and financial policies, organize and regulate rural funds to support agricultural production and comprehensive rural development, support various forms of cooperative economy and member family economy, and restrict and crack down on them.

Rural Credit Cooperatives are divided into the following departments, Rural Credit Cooperatives Cooperatives, Rural Credit Cooperatives International Finance Department, Zhengtong Rural Credit Cooperative Training School, Rural Credit Cooperative Credit Department, etc. It is currently under the dual leadership of the China Banking Regulatory Commission and the State Council. department.

Classification method of bank cards:

Generally, bank cards are divided into credit cards and debit cards according to whether they give the cardholder a credit limit. In addition, bank cards can also be divided into the following categories:

1. According to different information carriers, they are divided into magnetic stripe cards and chip cards.

2. According to whether the issuing entity is in the country, it is divided into domestic cards and overseas cards.

3. According to the different objects of issuance, it is divided into personal cards and corporate cards.

4. According to the currency of the account, it is divided into RMB card, foreign currency card and dual currency card.