The consequences of overdue Tenpay loan 500:

① If it is not overdue within the grace period, if there is no grace period, overdue interest and late payment fees will be calculated directly;

② The late payment fee is 5% of the arrears, and the interest is calculated based on the daily interest rate of 0.5%;

③ Call the financial institution to explain the situation;

④ If it is overdue once, it will be immediately Repayment will not have any impact on your credit record;

⑤ It will have a certain impact on future credit card applications;

⑥ It will have a certain impact on loans;

⑦ If it is overdue for more than 60 days, it will be recorded in the personal credit record;

⑧ If it is overdue for more than 90 days, it will be recorded as a bad credit report.