1. overdue fee: for overdue repayment in Bai Hua, the overdue fee will be charged from the day after the repayment date, generally according to a certain percentage of the daily overdue amount. The longer the overdue time, the more overdue fees.
2. Credit history: Huayuan belongs to Alipay's consumer credit products. If it is overdue, it will affect the credit evaluation results such as sesame credit score, which may lead to a decline in credit score and leave a bad record on the credit record of Ali products such as Alipay.
3. Collection: At the early stage of overdue, Huayuan will collect money by SMS, telephone, etc.
4. Impact on loan approval: Serious overdue may affect the approval results of applying for loans, credit cards and other financial products in Alipay or other financial institutions in the future.
5. Legal proceedings: If the payment is overdue for a long time and repeated collection fails, Bai Hua has the right to take legal measures to recover the arrears.