Bai Hua asked for an upgrade. Can I not upgrade?

Is it risky to upgrade the service in Bai Hua? Does it matter if you don't upgrade?

; ? When many users open the flower garden, a notice "You have a to-do item, please deal with it immediately" will appear. After clicking it, the "Garden Service Upgrade" window will pop up, and you can upgrade the garden service. Some people here will ask, will there be risks after the upgrade of the flower garden service? Will it affect you if you don't upgrade? Let's have a look.

First, will there be risks after upgrading the garden service?

The upgrade of flower garden service is mainly to cooperate with leading financial institutions in the industry to jointly provide lending services. After the upgrade, users can get better service and more opportunities to raise money. Simply put, the main purpose is to increase financial institutions that lend, such as some microfinance companies, licensed consumer finance, banks, P2P online loans and so on.

As far as Huayuan itself is concerned, the newly added cooperative institutions should all be formal institutions with certain strength and risk control measures, such as licensed financial institutions and banks. Their risk control measures should be very strict, so there should be no risk. Even if there are risks, it should be caused by users using flowers, such as tx.

Wait a minute.

Anyway, as long as the user does not die, there is no risk in upgrading the flower garden.

Second, does it matter if the garden service is not upgraded?

It doesn't matter, even if you don't upgrade, you can still use the flower buds as usual, but if you often use the flower buds and have demand for them, you can still upgrade the flower buds. After all, upgrading flower buds is beneficial.

In the past, the lending institution of Huayuan was ant micro-loan, which inevitably led to insufficient loan quota. However, after the upgrade, more high-quality financial institutions have been introduced, including ant micro-loans, commercial factoring and many other institutions, which can ensure sufficient loan quotas, and the quotas of users with good credit will increase after the upgrade.

Of course, if you don't have any demand for flowers and don't care about the amount, you can choose not to upgrade. After all, it doesn't matter whether you upgrade or not, you can still use the loan.

Conclusion: The above is "Is it risky to upgrade the flower garden service? Does it matter if you don't upgrade? " In short, there is no risk in upgrading the loan service, and you can also get the opportunity to raise the amount through upgrading. However, whether to upgrade or not is recommended according to your actual needs. Anyway, not upgrading will not affect the normal use.

Can't Bai Hua improve its service?

First of all, the purchase of garden credit can be upgraded or not, and there is no difference between good and bad. The purpose of the credit purchase upgrade of Huaya is to isolate Huaya brand. The previous flower garden was provided by financial institutions such as ant consumer finance companies and banks, but the upgraded flower garden page will become "flower garden credit purchase". What is certain is that the upgrade of Huayuan credit purchase will not affect the user experience. Therefore, there is no difference between good and bad credit purchase upgrades. As for whether to upgrade, it should be decided according to the needs of users. You can choose to upgrade or not. The advantage of upgrading is that you can have two different consumer credit products at the same time, with independent quotas and independent uses.

Second, the garden service upgrade is optional, and whether it should be upgraded depends on the situation:

1. People suitable for upgrading flower buds:

(1) People who already have garden places but have no permission to borrow flowers;

(2) People with good loan records in the financial institutions that Alipay cooperates with;

(3) People who think that the credit line in Bai Hua is insufficient and want to increase their own credit line.

2. People who are not suitable for upgrading flower beds:

(1) I am personally worried that many financial institutions will obtain their personal information after the service of flower shops is upgraded, thus increasing the risk of information leakage;

(2) People with non-performing loan records or liabilities in the financial institutions that Alipay cooperates with;

(3) People who don't plan to use flower beds in the short term hope to see the trend of flower beds further.

3. Benefits of upgrading garden services:

(1) The loan amount may increase. Because in the past, small and micro loans were provided by ants, after the service was upgraded, other financial institutions will join and the amount given will increase. If you have a good loan record in other financial institutions, the credit line in Bai Hua may increase after the service upgrade.

(2) The loan interest rate may drop. Because different lending institutions have different risk control, some lending institutions are relatively loose, the credit line may increase, and the loan interest rate may decrease.

(3) After upgrading the service, Alipay can better assess the risk level of users, provide better services for users and give users more opportunities to increase the quota.

4. Shortcomings of service upgrade of flower garden:

(1) After the service is upgraded, the usage of flower buds will be reported to the Credit Bureau. If it is overdue, it will greatly affect our credit information and leave a bad credit record, which will hinder us from applying for loans in other lending institutions in the future.

(2) If you apply for a mortgage loan, some banks will ask the mortgage applicant to settle the small loan in his name in advance. People who often use flower beds will have a certain impact on applying for mortgage loans. Users who have not upgraded the service can use the flower bed normally, and users who have not upgraded the service can postpone the upgrade.

Can the flower bud upgrade service not be upgraded?

Yes, whether the user agrees to upgrade the flower garden service can be seen according to personal circumstances. If you agree to upgrade the flower bud service, it will increase the probability of users' flower bud withdrawal, but it may affect users' personal credit information.

According to the regulatory requirements, Bai Hua will fully access the credit information system in 20021year. If the borrower does not agree to upgrade the flower bud service, the borrower's flower bud may not be available. If the borrower's demand for flower buds is not very high, it is recommended not to agree and then close the flower buds. If the borrower needs to use the flower bud, it is best to choose to agree to upgrade the flower bud service.

At the same time, at present, not all users in Bai Hua can get the credit information of the central bank. Users can check whether there is "Personal Credit Information Inquiry and Authorization Letter" in the column of "Bai Hua-My Related Contracts and Product Description". If it is not displayed, it means that the credit information of the central bank has not been accessed.

The Power of Attorney for Inquiring and Submitting Personal Credit Information shows that, on the basis of obtaining the user's authorization, according to the specific source of the credit line obtained by the user, the user's credit information will be submitted by Chongqing Ant Consumer Finance Co., Ltd. or the bank providing the credit line as the main body and incorporated into the central bank's credit information system.

Can the flower bud upgrade service be skipped?

At present, the flower bud upgrade service is not mandatory, so users are given the right to choose. There is a cross on the flower bud upgrade prompt. You can skip those who don't want to upgrade.

However, skipping the flower bud upgrade service also has disadvantages. Now, many users can't use flower buds without upgrading. Although they can choose the flower garden as the payment method, they will always prompt the flower garden service to upgrade. If they don't upgrade, they can't use it. Therefore, everyone should carefully consider whether to upgrade. It is worth noting that Bai Hua will definitely obtain effective authorization from users before reporting credit information.

After obtaining the user's credit authorization, Bai Hua usually reports the user's usage on a monthly basis instead of one by one. The contents of Bai Hua Credit Information Report include basic deposit account information, authorization information and repayment information of users, and will not involve the specific consumption records of users. The information before the signing of Bai Hua Credit Authorization Letter will not be reported.

Generally speaking, it is not a bad thing to collect credit information on the flower garden. As long as you can spend reasonably and repay on time, you can still maintain a good credit record, which can play a good reference role in future loan business.