The flowers are finally on the credit？ User 2 operations can be triggered! Experts say whether it is overdue or not is the core
Cailian (Shanghai, reporter Sun Shiyu and Jiang Fan)Since July, many netizens on the online platform have reported that they have found the page of flower bud upgrade in their Alipay flower buds. After the upgrade, they have added the Power of Attorney for Personal Credit Information Inquiry and Submission and the Personal Authorization Related Contract in the flower bud related contract and product description.
For a long time, other similar products, such as flower buds and white strips, have not received credit information. Users experience services similar to credit cards, but they do not need to provide credit information. Although it is necessary to go to the credit information frequently, it seems that this time it is really something to do.
Flower buds will be triggered if they want credit information or service upgrade.
After selecting the upgraded users of Huabai, it is shown in Huabai that they have signed the Power of Attorney for Inquiring and Submitting Personal Credit Information, and the authorization content shows that "in order to obtain better services of Huabai, I agree to solemnly authorize Chongqing Ant Small and Micro Loan Co., Ltd. as follows, and agree that the authorized person can inquire about his information report and credit information through the financial credit information basic database or other legally established personal credit reporting agencies in the following businesses", which is equivalent to saying that Huabai is going to collect credit information.
The query path of individual users is Huabai-My-related contracts and product descriptions.
According to netizens, there are two main operations that trigger personal credit information inquiry. One is to increase the amount of flower buds and the other is to upgrade the flower buds service. During the two operations, the flower buds will prompt that "clicking the button is regarded as your consent to the Flower buds Service Agreement, the Authorization for Personal Credit Information Inquiry and Submission and other agreements, and your consent to authorize the inquiry/submission of relevant information to the basic database of financial credit information." , once checked, it is regarded as agreeing to credit investigation.
In the communication between the reporter of Cailian and the customer service of Ant Flower Garden, the customer service said that only when the user took the initiative to check and agree, would he be credited. If you don’t check and agree, there will be no collection of credit information, and personal credit information will only be returned to Sesame Credit.
It is understood that in fact, Huayuan went online for credit information in 2018, and this time it only expanded the scope. At the same time, the customer service also said that the current flower garden upgrade is an invitation system, first of all, high-quality customers, and users will be fully covered in the future.
Huabai ≠ Credit card authorized credit investigation object is microfinance company.
Although the services provided by Flower Garden for individual users are very similar to credit cards, its essence is not credit cards. At the same time, Ant Group also said that Flower Garden has nothing to do with virtual credit cards and credit payment, but is just a credit loan product.
Hua Bai introduced the product in official website as follows: "Hua Bai is a scene-based credit consumption tool in the Internet era. When spending, users can use the amount of Hua Bai and enjoy the shopping experience of" spending first, then paying ".
Its products are characterized by purchasing first, and then repaying. Except for some specific categories such as taobao travel, recharge, movie tickets, etc., they can be recorded after confirming receipt, and other platforms can be recorded after placing an order for payment. Free use of consumption quota for shopping; Convenient repayment, support Alipay automatic repayment.
The answer given by the customer service of Huabai to the definition of Huabai product is also a consumer financing product.
Therefore, whether it is flower buds or other similar products such as "free payment" and "white strips", their essence is similar to the Internet credit business. Compared with virtual credit cards, the credit business does not involve cash withdrawal, so it bypasses the restrictions of financial licenses in supervision.
Regarding the issue of credit investigation, Hua Bai also made it clear in the official Weibo account that she would not conduct credit investigation.
In addition, the most noteworthy thing is that the authorized object of flower buds collection is a small loan company, which is very different from the credit card collection by banks.
According to the Letter of Authorization for Personal Credit Information Inquiry and Submission, the authorized object is Chongqing Ant Micro-credit Co., Ltd..
Because the authorized object is a small loan company, in the central bank’s credit report, the record in Huayuan is a loan for personal consumption.
According to the feedback from the reporter of Cailian Association to the customer service of Huabai, the form of Huabai Credit Information in the central bank’s credit information report is how much personal consumption loans were issued by the organization for Chongqing Ant Micro-credit Co., Ltd. on a certain day of a certain year, showing data such as business number, return or settlement, information update date, and account status, overdue classification, principal balance, etc., which are generally reported monthly.
According to the detailed credit report, credit cards will only show the current credit card liabilities and the consumption situation in the past six months. In contrast, Hua Bai’s consumer loan record is more frequent and detailed.
That frequent use of flower buds is equivalent to frequent small loans. Will such records affect personal credit in credit reporting and affect future bank loans?
According to the consultation from the reporter of Cailian Association to the customer service of Huabai, it said that if the process of using Huabai is never overdue, it will not affect the credit information. However, there is no agreement between it and the bank to treat the microfinance credit records of Huabai and other loan platforms differently. "If you go to the bank for a loan, the standards for auditing by different institutions are also different. Just like your credit authorization, as long as it is not overdue, it will not have a negative impact on your credit." Customer service said.
The customer service said that if the credit report shows that the flower garden has not been settled, the flower garden can help to issue a flower garden settlement certificate and repay the water.
At the same time, Dong Zheng, an expert in the credit card industry, said that there are many names in the central bank’s credit report, but the core is whether it is overdue. "There are many kinds of credit records of the central bank, except consumer credit, car loans, loans, etc., but it doesn’t matter what form, whether there are overdue records, this is the core."
Chen Wen, director of the Digital Economy Research Center of the School of Finance, Southwestern University of Finance and Economics, also said that the program form of Hua Bai in the credit report is personal consumption loan, but the difference between Hua Bai and credit card in the credit report is not big. "The difference is not very big, because from the perspective of the central bank, the credit report can only be reflected in its records. The central bank has no so-called score, and there is no worse difference between personal consumption loan and overdue credit card. This may still depend on banks, and its model algorithm is less tolerant of that indicator. "
Personal credit information is becoming stricter. Expert: It should have been on credit information.
Credit information on various platforms is undoubtedly the result of increasingly strict credit information management.
Previously, at the beginning of 2020, the central bank launched the second-generation credit information system, and the requirements for personal credit information were more stringent. According to relevant media reports, for individual users, the second-generation format credit report has also added relevant data item formats, and individuals have added information such as "revolving loan", "credit card special installment" and "credit agreement information", showing "common loan" information and showing five-year repayment records.
On July 17th, Baixing Credit Information Co., Ltd. and PBOC Credit Information Co., Ltd. also formally signed a strategic cooperation agreement. On the premise of complying with laws and ensuring information security, the two sides will actively carry out research on credit information strategy, business and technology cooperation, and effectively play the role of "government+market". As of June 30, in terms of database construction, Baihang Credit Information has expanded to 1,768 financial institutions, nearly 1,000 contracted institutions with access to data sharing agreements, over 2.4 billion credit records, and over 130 million individuals have been included in the personal credit information system; The cumulative usage of personal credit reports and other value-added products is nearly 200 million.
In addition, the Interim Measures for the Administration of Internet Loans of Commercial Banks issued on July 17 also mentioned that if commercial banks need to obtain borrower risk data from cooperative institutions, they should confirm that the data sources of cooperative institutions are legal, compliant, true and effective through appropriate means, and providing data to the outside world does not violate the requirements of laws and regulations, and has been explicitly authorized by the information subject himself.
At the same time, at this point in time, Huayuan began to launch a large-scale credit inquiry by means of raising the amount and upgrading the service. It is hard not to think that it is related to its listing.
However, Dong Zheng believes that no matter whether it is listed or not, products such as flower buds should have credit records. "All products of credit consumption are now experiencing severe and formal development, and they should have credit records themselves. It can be said that it has something to do with listing, but it doesn’t matter. The credit of credit products is’ debt repayment’, and the credit information is to standardize the entire business process. "
Chen Wen believes that the credit information on Huayuan has a great relationship with the change of its funding sources. "In the past 18 years, the funding sources of Alibaba Huayuan and Borrowing Garden have undergone greater changes, and the leverage of funds has to be brought back to the table. In the past, if it passed IBS, its leverage could be more than 100 times. But now Ali is more and more like Tencent Micro-loan, a joint lending model. The funds come from banks, so it is necessary to access the central bank’s credit information. " At the same time, from the perspective of the economic situation, it is also related to its bad debt expectation. "From the perspective of the economic situation, whether it is flower buds or other products, if the bad debts are overdue, the whole industry will have a significant improvement."
Good credit card? User selection is more dependent on consumption scenarios.
On the online platform, some netizens said that they would choose to close the flower garden and switch to a credit card.
At present, bank credit cards are really impacted by other products such as flower buds. According to TF Securities, China’s credit card industry has bid farewell to the golden age of rapid development. The balance of domestic credit card loans has rapidly increased from 0.16 trillion yuan at the end of 2008 to 7.59 trillion yuan at the end of 19 years. At the end of the 18th century, the number of natural persons with credit records was about 530 million, and it is estimated that the number of people holding credit cards will reach 500 million. Among them, 1Q20 was affected by COVID-19 epidemic, residents’ consumption was sluggish, credit card loans declined, and 1Q20 credit card loans decreased by 0.33 trillion.
Regarding whether the credit card business will benefit from the credit card business, Dong Zheng believes that the consumption environment has changed, and the advantages of the consumption scene of the flower garden are difficult to be replaced. "Is it true that the credit card will be immediately available to consumers?" Consumers have developed the habit of spending without cards, and the general trend is hard to change. Credit cards have encountered many problems in recent years, but the most important thing to solve is how to cater to users’ problems, and credit cards can’t solve the problem of credit reporting. " Dong Wei said.
At the same time, Chen Wen believes that from a personal point of view, ordinary users will mainly consider using flower beds or credit cards from three aspects, which has little to do with credit reporting. First, from whose capital cost is cheaper, for example, consider which one has a longer exemption period; Second, the amount, credit card has a prescribed amount, flowers and other channels or a supplementary method; The third is the small discount when spending, such as the use of flower buds can have small discounts, credit cards have points and so on.
In addition, whether Ali and Alipay can launch pure credit card business in the future, Chen Wen thinks that the possibility is not clear from the perspective of Internet sending. "Ali considered launching a virtual credit card with Shanghai Bank in the early years. It can be said that Ali had such an idea at that time. However, from the overall layout of the Ali Department, it is difficult to launch a business that is positioned as a pure credit card, because even if Ali’s online merchant bank is allowed to do it, the pressure of lending and the pressure of capital equity will increase. From the perspective of the Internet, this model is not real and clear. "
However, Chen Wen believes that Tencent’s micro-loan is more in line with the Internet and can become the platform model of the so-called virtual credit card. "Tencent’s micro-loan is in line with the Internet. Its model is to sell customers and drain, including doing some front-end risk control, but if the funds are available, there are banks to do it. So from this point of view, it may not be a credit card made by a bank in the traditional sense, but more like a platform model of the so-called virtual credit card that is placed in front of all banks. "
Reporting/feedback