In China, flowers are a very popular form of payment that provides user-friendly consumer credit. However, many users are wondering why they do not set repayment grace periods. This is a problem that afflicts a lot of people. Let us explore it。

Why don't you set a grace period

What's a flower
The flower, a consumer credit product under the Ali Baba flag, provides users with a variety of financial services, such as online and offline consumption, instalments, transfers and repayments. Users can pay quickly through flowers and enjoy the facilities of first-time consumption。

Why are flowers so popular
The popularity of the flower is self-evident, mainly because it has the following advantages:

Fast and convenient means of payment

Provision of instalment services

High credit lines

Flexible repayment modalities

Because of these advantages, flowers have become the preferred form of payment for the daily consumption of many。

Why don't you set a grace period
Many would like to spend money to set repayment grace periods so that they can better manage their own finances. However, why not set repayment grace periods? There may be some reasons for this:

Risk management: As a financial institution, the payment of treasures requires the control of the credit risk of the user, and setting repayment grace periods may increase the risk of overdue repayments。

Market competition: In the financial sector, markets are highly competitive and, in order to attract more users, other more competitive product characteristics may be selected instead of grace periods。

User education: A grace period may give some users a habit of defaulting on repayments, and flowers may prefer to have good repayments。

Why not set up a grace period
The failure to set repayment grace periods may have some impact on users:

Awareness to press for timely repayment

Reduction in the number of overdue payments by users

Protecting user credit records

Why did flowers choose not to set repayment grace periods
From the point of view of payment, the option not to set a grace period for repayment may have the following considerations:

Avoiding financial risk

Increased efficiency in the use of funds

Fostering good repayment habits for users

Why should the grace period be good for users
While the choice is not to set repayment grace periods, they are a good thing for most users. It provides users with more flexibility and helps them better plan their own finances。

Conclusions
While spending chooses not to set repayment grace periods, it remains a consumer credit product that many users trust. In the use of flowers, users should also rationalize consumption, plan their own repayment plans and develop good financial habits. At the same time, it is hoped that the payment of treasures will provide more user-friendly and considerate financial services in the future。