Is it a credit report for every transaction?

Not every flower bud will be recorded in the credit report, because the flower bud is similar to the credit card bill and uploaded monthly, which means that the daily use record of the flower bud will not be recorded in the credit report, but will be reported monthly after the bill amount of the month is merged. If you keep a good borrowing habit when using the flower buds, that is, repay the flowers on time and in quantity, and there is no bad behavior such as overdue, the flower buds will only report the comprehensive use every month; If the use of flower buds leads to overdue behavior, the total overdue amount of flower buds in the current month, that is, the unpaid amount, is also reported together, rather than listed one by one.

The full name of flower bud is ant flower bud, which is a consumer credit product launched by Ant Financial. After the application is opened, you can get a consumption quota ranging from 500 to 50000 yuan. When spending, users can prepay the amount of ant flowers and enjoy the shopping experience of "spending first, then paying".

On August 4, 20 16, the Ant Flower Garden Consumer Credit Asset-backed Securities Project was listed on the Shanghai Stock Exchange, which is also the first ABS of Internet consumer finance on the Shanghai Stock Exchange.

In July 2020, according to China Times, some users in Huayuan accessed the central bank's credit information by upgrading their services. From the tips of customer service, users can find the answer in the relevant contracts and product descriptions in Bai Hua. If the product agreement contains the power of attorney for individual user information inquiry and submission, then your information has been accessed for credit investigation. If there are only flower bud service agreement, sesame service agreement and product description, your relevant information is not connected to the credit information.

202 1. 9. 22 It is reported that the flower buds have been connected to the central bank's credit information system, and users can't use them if they refuse to access them.

On September 22nd, 20021year, Securities Daily reported that a flower bud user said that he had received a prompt of "flower bud service upgrade", prompting the user to sign a power of attorney for personal credit information inquiry and submission, and agreed to authorize the inquiry/submission of relevant information to the basic database of financial credit information. Huayuan said that under the premise of user authorization, relevant information of Huayuan will be gradually incorporated into the credit information system. Maintaining good habits will not affect your credit history. According to the Power of Attorney, on the basis of obtaining the user's authorization, according to the source of the specific credit line obtained by the user, Chongqing Ant Consumer Finance Co., Ltd. or the bank providing the credit line will submit the user's credit information as the main body and incorporate it into the credit information system. It has been confirmed that if the user has any objection to the credit authorization, he can close the flower bud and terminate the authorization.

On 20211124th, Bai Hua announced the launch of brand isolation. In order to implement the regulatory requirements related to consumer credit, Bai Hua will become the exclusive consumer credit brand of Chongqing Ant Consumer Finance Co., Ltd., focusing on small and medium-sized loans. Consumer credit fully funded by banks and other financial institutions will be updated to "credit purchase" service. The interest-free period of "credit purchase" service is the same as that of flowers. It can only be used for consumption and cannot be cashed out.

On June 8th, 2022, 65438+ 10/kloc-0, Ant Group released the report "Ant 3 15" for 20021year, saying that in 20021year, Ant Group launched the special action "Ant 3/kloc" According to the report, Bai Hua sent1.60 billion rational consumption reminders, and the average bill amount of users using this function decreased by 5%. Borrowing allows users to reduce their own quota. Using this function, the average loan balance of users decreased by 1 1.3%. The daily average risk warning of AI anti-fraud is 500,000 person-times.