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Dealing with too many financial products such as flower buds, micro credit, white bars, etc.

Time: 2017-11-20         Source: Consumer Finance Industry Review         Author: consumer finance industry comment

With the strong promotion of Internet finance, the consumer financial market has also witnessed explosive growth. At the same time, with 80, 90 has emerged as the backbone of the community, the backbone of the workplace, they have also become the backbone of the consumer financial group.

According to the “2016 China Consumer Finance Industry Development Trend Analysis” data show that consumer credit accounts for 47% of all consumer spending in China, breaking the 22 trillion yuan mark, it has become one of the mainstream consumer forms in China.

Nowadays, young people's acceptance of consumer financial products is becoming more and more common. Consumer financial products such as ant blossoms, micro-lending, Jingdong white bars, etc. have infiltrated people's lives. But do you know that doing too many consumer financial products such as calyx, white bars, etc., may be "wildly hurt" your credit? When applying for a credit card, it is more likely to be rejected...


Explosive growth of consumer financial products such as flowers and white bars

In the fourth quarter of 2016, Ali added 43 million mobile monthly active users and currently has 493 million monthly active users. Jingdong’s financial report shows that as of December 31, 2016, the number of active users in JD in the past 12 months increased by 46% year-on-year to reach 226.6 million.

Looking at the data, ants spend hundreds of millions of users, meaning that among the 13 individuals, there is a quota of flowers. Data shows that in China, nearly 1.7 billion in the 1990s, more than 45 million people have opened a flower bud. On average, after 1 of 90 people, 1 people are using credit cards to spend credit. This change in spending habits is more pronounced in younger people. Nearly 40% of the 90's after the flower bud is set to Alipay's preferred payment method, which is 11.9 percentage points higher than before 85.

In the past “double 11′′, major e-commerce companies have also submitted bright report cards, but in addition to the substantial increase in e-commerce turnover compared to last year, the amount of individual consumer transactions has also seen an explosive growth.           

Ant Financial said that this year's "Double 11" has provided loans for more than 10 million merchants, with a total increase of over 60 billion yuan, and provision of about 80% of users for temporary withdrawals. The per capita amount of funds is 2,200 yuan. This is an average increase of 80% over the same period of last year. On the mobile phone side, the proportion of transactions spent by buds has exceeded 40%.

In the first hour after the “Double 11” was started, Jingdong’s white bars had a 450% year-on-year increase in transaction volume, which took only 7 hours, and the amount of the white bar transaction exceeded the “double 11” all day last year.

Suning data showed that the number of “double 11” Suning Financial’s willingness to pay interest-free berserk rose by over 600% year-on-year. Within just one hour, Suning paid more than 200,000 new real-name users, and click-through applications for portal users exceeded 5 million.


In addition to e-commerce consumer financial products, there are many consumer finance companies that bring consumer financial products to credit Xiaobai, such as: Gitzo, staged music, useful stages, embarrassing, wealth...

Tens of millions of credit card refusal reasons, consumer financial products Tim fire

"Hello, thank you very much for your application! Your application has not been approved because the comprehensive score has not met." Do you think that this sentence is particularly familiar? After the application fails, it will be sent to the bank with this sentence. Which part is the specific problem, only the bank knows.

Why do some people still apply for five or six credit cards and can still apply for new cards from other banks, and some people only have one or two credit cards, but they are repeatedly rejected? Reflected by the user, he was rejected when applying for a bank credit card, and he guessed that it was related to the intensive processing of consumer financial products such as Huayuan, Micro-lending, and

According to informed sources, in addition to previous common reasons such as overdue records, there are still many details that people usually overlook but financial institutions value very much.

Similar consumer financial products such as ant flower buds and Jingdong white bars, as long as this credit is reported, just as with bank credit cards, intensive application or application over a period of time may be regarded as a risk of long borrowing by banks.

For example, when a person's credit card and consumer financial products add up to a total of 400,000 yuan, he usually spends no more than 50,000 yuan. However, banks do not see daily consumption from the credit system and can only see that you already have 400,000. The amount of money, the bank will worry that the increase will exceed the cardholder's ability to repay.

The bank also broke the heart for everyone~~~

The reason why banks strictly control is that banks are cautious about risk control. At present, banks have launched consumer finance businesses by participating in consumer finance companies. They have gradually reached a large number of sub-optimal customer bases from high-quality customers and expanded more consumption scenarios. However, for the small and medium-sized banks, the scenarios and customers of the consumer finance business are not the same as their previous businesses. The banks also lack experience in the risk control of consumer finance business.

Indeed, the bank’s recent risk control has become more stringent, not only for the individual customer, but has also extended to the bank itself. On September 12, the Chongqing Banking Regulatory Bureau of the China Banking Regulatory Commission issued an administrative penalty notice. The Chongqing Branch of the Bank of China Co., Ltd. was “because of illegally handling credit card car installment business, illegally issuing working capital loans, borrowing tying insurance, and depositing loans”. Fined RMB 800,000.

Banks even have to "own people" to start? Yes, you are not mistaken. This risk control is not limited to personal customers. Even the banks themselves have increased the insurance factor. Before we sent an article, the bank’s data in the second quarter of this year showed that the amount of unpaid credit cards overdue for half a year was as high as RMB 65 billion. This has become a pain that banks cannot afford.

Therefore, bank risk control will become more and more strict and it is also a trend.

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