What happens if you don t repay the money after the deadline and what is the impact?

Huabei does not return or is overdue will have the following effects:

Accrual of overdue interest:Alipay's "Huabei User Service Contract" clearly stipulates the overdue interest: "If you still do not repay the principal of the Huabei credit payment funds and the corresponding interest fees due in the current month after the repayment date, the service provider will charge the overdue interest on a daily basis at 5/10,000 of the total balance of the daily outstanding principal and interest until you repay the "minimum repayment" or repay the payable amount according to the requirements of the service provider.

Huabei will incur additional interest if it is overdue.

Reminders for the payment of arrears: Alipay's "Huabei User Service Contract" is written in the entrusted processing: "When you are overdue or other breach of contract, the service provider can entrust cooperative institutions, law firms and other legal and compliant institutions to collect on your behalf."

Therefore, if it is not repaid or overdue, it will be recalled, and some functions of Alipay may be frozen if necessary.

Impact Credit Reporting:Huabei is associated with sesame points, and if it is overdue or not returned, the sesame points will decline. If you don't pay back Huabei for a long time, Alipay will report the other party's credit history to the credit investigation, and when the credit is damaged, it will be restricted in many aspects, such as:

Loans, children's schooling, train tickets, and more.

Advice: No matter which platform you borrow from, you must maintain good credit and repay on time!

The consequences of Huabei not being returned or overdue:

1. Overdue penalty interest:After the loan products in Alipay are overdue, the first thing to bear the brunt of is the overdue penalty interest. It is understood that Alipay will increase the penalty interest on the basis of the original interest, and the calculation formula for overdue fees is overdue interest = overdue amount x overdue days interest, the longer the overdue time, the higher the interest charged.

2. Freeze Alipay:In the early stage of overdue, Alipay's collection methods are still relatively mild, and will only remind users to repay in a kind way such as text messages and customer service calls. If the overdue time is too long, Alipay will automatically deduct the balance in Alipay of the debtor to fill the arrears, and in serious cases, it will even freeze your right to use Alipay, which can only be credited in and not out.

3. Damaged credit:Although Huabei is not on the credit report, it will be randomly reported to the central bank's credit information system in the form of spot checks. Once the borrower is overdue, the credit score will be greatly reduced, and the overdue record will also be uploaded to the central bank's credit system, and in the next two years, the borrower will not be able to apply for housing loans, car loans and other financial loans.

All in all, once Huabei and Borrower are overdue, it is like a domino effect, which is very unworthy. As the saying goes, there is a loan and a repayment, and it is not difficult to borrow again, so everyone must develop a good repayment habit when using the loan products in Alipay, because a little thing that reduces their credit limit will outweigh the loss.

After using Huabei for consumption, if the customer is overdue in the repayment and fails to repay on time; Or if you simply don't pay the arrears, it will cause serious adverse consequences.

First of all, if the repayment date is not overdue, overdue penalty interest will be incurred after the overdue date. It will be charged at a daily interest rate of 5/10,000 every day, and compound interest will be charged on a monthly basis until the customer pays off in full. The longer the customer drags on, the more penalty interest will be incurred, and the more the customer will have to pay back.

After the overdue affects personal credit, customers are likely to be hindered by credit problems if they go to banks or other licensed consumer financial institutions to handle credit business.

The consequences of Huabei not being repaid or overdue are as follows:1. Overdue penalty interest: Interest will be generated after overdue, and if you want to restore overdue, you need to pay the principal and handling fee together before it will be restored.

5/10,000 a day, 10,000 yuan a day 5 yuan.

2. Reduce Sesame Credit Score: Not only will your own Sesame Credit score be affected, but also your relatives and friends will be implicated in Sesame Score, and your personal credit will also be reduced, with your Sesame Credit score lower than 600.

3. Cause bad credit records: Huabei's overdue repayment affects Sesame Credit Score, which in turn affects personal credit records, and now Alipay Sesame Credit Score has become one of the 8 major credit bureaus (Huabei, Jingdong Baitiao and other online loans affect personal credit records).

The first harm is that your sesame branch will be significantly reduced, which means that your credit in the Alipay system has decreased.

The second harm is that the credit is black. Alipay is involved in the central bank's credit system, once the credit is black, the parties in the bank credit cards and loans will be severely restricted, basically at the level of second rejection.

The third harm is that interest, late fees, etc. will always be **. Although Alipay will not sue for a while, but their power has been reserved, if one day, they plan to make an example and sue a group of prospects, then the principal, interest, late fees, and the plaintiff's attorney's fees (all in the agreement) need to be paid by the overdraft, so that it is no different from usury, and the longer it drags on, the larger the amount, and the greater the risk of being sued.

What are the consequences of overdue loan repayment? Painting the North Crown is expected to be average.

In a month or so, about one, if you don't pay back the version, how much does the right owe, he will close the store of your Huabei, Huabei's payment, and all the payments of Alipay, he can call up all your information, seal all your things, you can't open it, so you have to put Huabei this word to spend, in order to be happy with the rest.

Rural life in the post-8090s and post-18s.

First of all, it is not recommended to be overdue, because overdue will involve a lot of credit and other issues At present, whether you are a credit card, or an online loan, a small loan, a loan and other installments, once the overdue time reaches three months, many platforms will terminate the installment authority and ask for a one-time repayment.

Secondly, you can negotiate, the specific negotiation means and words depend on your own negotiation with the platform to deal with it Again, the main remedy to fill this hole is to try to increase income or find relatives and friends to turn around.

In short, even if you are riddled with debts, your mentality cannot collapse, you can repay the loan when you have the ability, and if you can't pay it back for the time being, you will be overdue, you will be sued if you should be sued, and you will fulfill the relevant responsibilities according to the results.

The same consequences are the same as with credit cards. If you can't repay it, it will be overdue, and you will be charged liquidated damages if you are overdue, and all purchases in the current bill will not enjoy an interest-free period, and interest will be calculated, and the most important thing is that there will be a bad credit record. After the deadline, it will enter the collection link, first SMS collection, and then ** collection.

If it still has no effect, you may come to the door to recover the money, or go to court through legal channels. When the time comes, it will depend on how the court decides? So it's better to find a way to repay the loan as soon as possible.

In this case, it is best to apply for installment payment, which cannot cause overdue, which has a great impact on personal credit, and will even be added to the blacklist, which is difficult to repair in the future, which will affect future loans, and other phenomena.

If you can't pay it off after the deadline, Alipay will call me ** to collect your debts. There are also friends on your Alipay, who may also receive them.

Huabei borrowing overdue will be on the credit report, once the credit is not good, all your credit products will be directly affected.