If you make your payments on time, you will be recorded in your credit report as having made your payments on time. As for late payment, the late record will also be uploaded to the credit report, except that the late record will lead to bad credit for the individual.
Because White Label is a product that has been linked to the credit score, it is very important that you make your payments on time. Failure to make payments on time will not only affect your credit score, but will also result in the inability to use White Label in the future.
The inability to use white label will undoubtedly have an impact on the user's daily consumption. All in all, the only way for users to actively maintain their personal credit is to make payments on time.
As for the white bar late record has been uploaded to the credit, after the user pays off the arrears, the late record will be automatically deleted after 5 years. Before the overdue record is deleted, users still need to maintain a good credit record for a long time, which is conducive to the early recovery of personal credit.
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Jingdong Baijiao is the industry's first Internet credit payment product, which allows users to enjoy the consumer experience of "consuming first, paying later, approving in real time and making installments at will," and has quickly become an industry model. It has quickly become a model for the industry, and has established Jingdong Finance as a leading brand in the consumer finance industry.
In terms of positioning, "Jingdong Baijiao" is a credit payment service for users with high credit ratings and consumption needs through credit assessment based on big data.
Users in the Jingdong Mall to enjoy the first use after payment and installment shopping services, up to 24 installments, bills can also be installment and minimum repayment, the implementation of the interest rate is lower than the bank credit card. Jingdong Finance consumer finance opened more than 100 million users.
Since then, the "white bar" also through the Jingdong system within the O2O (Jingdong to home), global shopping, product crowdfunding, and later gradually covered the rental, tourism, decoration, education, wedding and other areas, from the credit purchase services to provide credit consumption loans, covering more consumer scenarios, to provide credit for more consumers! The company's business is also a major player in the market for consumer services.
Jingdong White Bar's service scene has been gradually extended, cooperating with nearly 10 million merchants on and offline, covering life and entertainment, business travel and tourism, education and training, communications and leasing industries.
Cooperating with banks on joint e-accounts, "White Stripes Flash Payment," the company has expanded its White Stripes payment to offline through NFC technology, and further broadened the use of White Stripes payment scenarios by tying it to WeChat Pay.