The young man who was tortured by Huabei

The topic of "Huabei, Borrow, No Loans for College Students" has been trending on Weibo all day long.

The moment Wu Yi, who was studying in his second year of graduate school, accidentally hit the hot search, it was like a bolt from the blue. He quickly opened the garden and took a look. Only belatedly, he realized that his Huabei limit had been significantly reduced more than a month ago: from 31,300 yuan to the normal basic limit of 3,000 yuan.

"It has been reduced by a full 10 times! If you say it has dropped, it has dropped. I didn't even receive a hint! Is it necessary to drop from 3,000 yuan to 0 next?" As Huabei As the first user, Wu Yi felt disappointed, angry and upset.

On March 17, the "Notice on Further Regulating the Supervision and Management of Internet Consumption Loans for College Students" (hereinafter referred to as the "Notice") issued by the official website of the China Banking Regulatory Commission mentioned that small loan companies are not allowed to issue Internet loans to college students. Consumer Loans. As one of the most influential Internet loan products, Huabei and Jiebei are operated by small loan companies. According to the spirit of the notice, the small loan funds borrowed by Huayuan need to be withdrawn.

This has also triggered a controversy over whether the loan limit for college students should be closed by spending money or borrowing money. Huang, a researcher at Suning Financial Research Institute, explained that judging from the specific provisions of the "Notice", it has not completely cut off the access of Huabei, Jiebei and other credit products to serve college students. If its entity is changed to a consumer finance company, it will comply with the provisions of the "Notice". In September 2020, Chongqing Ant Consumer Finance Co., Ltd. was approved to be established, if it can be transformed into a consumer finance company.

On the other hand, if Huabei and Jiebei are simply used as loan assistance lenders to provide loan assistance and diversion services to licensed financial institutions, and the cooperative licensed institutions serve as the credit subjects of users, they can still provide loans for them. Services provided to college students.

Ant Group has not yet responded to the progress of the establishment of Ant Consumer Finance Company and Huabei’s adjustment arrangements for college student loans.

In any case, for this young man who is used to spending money in school, a large-scale forced deduction has come, and their lives have undergone earth-shaking changes.

"The garden is my financial management tool. My financial system has always been running very well." Wu Yi was worried that the Huabei quota would suddenly drop from 30,000 to 3,000, just like a friend who had been with him for a long time. His old friend suddenly betrayed him.

He is the first generation user who grew up with Huabei. In April 2015, two products of Huabei were launched one after another. Wu Yi, who was still a senior at the time, opened Huabei. After graduating with a bachelor's degree and working for two years, I was admitted to a graduate school in a university in Shanghai. The number of places in Huabei has also been increasing.

On the afternoon of March 18, Wu Yi negotiated with Alipay’s manual customer service on the discount issue. During this process, customer service said many times that "Huabei credit will be dynamically adjusted after a systematic comprehensive assessment based on repayment ability and willingness." Regarding the evaluation standards and assessment details that Wu Yi repeatedly asked about, customer service was never able to give a measurement indicator. .

Wu Yi still has not given up on negotiations, and he still has hope of bringing back the 30,000 quota. "If not, you have to use your credit card. There's nothing you can do about it if it's inconvenient." He sighed deeply.

What substantial changes will occur to the student loan policy for college students?

Regarding the impact of Document No. 17, customer service informed: "We have not received any relevant notification about the closure of college student quotas. Huabei is a financial service product that provides you with consumption first and repayment later. Whether it can be used depends on the financial System evaluation of the service organization. Currently, some of the credit limits can be used normally.”

Unlike Wu Yi, who has no experience with credit cards, Chen Cheng, a college girl who “doesn’t know what a credit card is,” only wants to borrow money. The moment she was demoted, she felt a sense of relief as well as a sense of loss.

In Chen Cheng's view, she is like a puppy trained by Alipay, with high loyalty.

“I have never used a credit card. When I first entered college and had additional consumption needs, Alipay appeared at the right time, and then I might use hundreds more. Later, the amount Baihua gave me became higher and higher, and every day The monthly debt will be close to six to seven thousand.

At this time, Alipay introduced new rules, with a minimum rep

"When I found out that the limit had been reduced to 3,000, I was both angry and happy." Chen Cheng said that on the one hand, he felt that Alipay had unilaterally tore up the agreement, and he It is difficult to increase your credit score and limit that high. On the other hand, I finally have no excuse to buy randomly at buy buy.

Chen Cheng also told Jiemian News that one of her classmates borrowed 20,000 yuan. After repaying the loan on time, the amount suddenly increased to 100,000 yuan.

"This is a bit like a trap. As long as you taste the sweetness, you will fall deeper and deeper. These products will continue to test our bottom line."

Zhang Chao, who is deeply involved in online lending, is one A living case.

“I started watching live broadcasts 3 years ago, and spent 50,000 yuan in half a year, all with credit cards. After swiping the credit card, I saw Huabei borrowing money, which can make thousands of yuan in a few seconds, and I have been out of control ever since. "Zhang Chao said that he often demolishes the east wall to repair the west wall. Borrow the loan limit of 20 yuan and repay it until the monthly interest reaches 3,000 yuan. Now counting the total amount owed, I owe more than 100,000 yuan for loans, more than 30,000 yuan for small loans, and more than 20,000 yuan for Ant Huabei. All online loan platforms add up to 300,000.

"All banking financial institutions can develop targeted and differentiated Internet consumer credit products on the premise of controllable risks." 003010 prohibits small loan companies and non-licensed institutions from providing loans to college students. After the credit service is provided, it also "opens the door" for the reasonable credit needs of college students.

So, after small loan companies withdraw from the market, will banks, consumer finance companies and other institutions take advantage of the interest rate adjustment to "cover their positions"?

An executive of a consumer company in northwest China said frankly: "Although we can do this business in compliance with regulations, we will not enter this field for the time being. The reason is that lending to college students requires parental consent, which is not suitable for the Internet model."

Executives from another consumer finance company in North China said they would not consider developing Internet consumer loans for college students for the time being, mainly due to pressure from public opinion.

(At the request of the interviewee, Wu Yi, Chen Cheng and Zhang Chao are all pseudonyms in the article) Related questions and answers: