After Meituan’s living expense payment is overdue, penalty interest will be charged at a daily interest rate of 0.05 starting from the day of overdue. Assume that the borrower is overdue by 2,000 yuan, then the daily penalty interest is 2,000 × 0.05 = 1 yuan.

Meituan’s overdue living expenses payment will not be subject to credit reporting, but the following consequences will occur after it is overdue.

Penalty interest. After Meituan’s living expense payment is overdue, penalty interest will be charged at a daily interest rate of 0.05 starting from the day of overdue. Assume that the borrower is overdue by 2,000 yuan, then the daily penalty interest is 2,000 × 0.05 = 1 yuan.

Collection. After the due date, Meituan’s living expenses payment will be collected through phone calls, text messages, etc., which may seriously affect an individual’s daily life.

Reducing the comprehensive credit score, after the expiration date, may reduce the individual’s comprehensive credit score on the Meituan APP. After the comprehensive credit score is reduced, you may no longer be able to use Meituan Living Expenses to pay bills or borrow money from Meituan Living Expenses. and Meituan’s other loan services.

For borrowers with serious overdue behavior, Meituan’s living expenses payment will be resolved through judicial channels. If they still refuse to repay, they may be included in the list of dishonest persons.

Meituan living expense payment activation process: Open the Meituan APP, and after opening, click My - My Wallet - Pay - Activate Now.

After Meituan’s living expenses payment is activated, it can be consumed on the Meituan APP. When using Meituan to pay for living expenses, users only need to select "Meituan to pay for living expenses" as the payment method in the Meituan payment interface.

Currently, Meituan Life Expenses will provide users with 20 interest-free opportunities every month. The upper limit for a single transaction is 200 yuan. If it exceeds, then a certain amount of interest will need to be paid. If it does not exceed, then only The principal of the consumption needs to be returned on the repayment date.

Finally, it should be noted that Meituan’s living expenses payment is currently only available within the Meituan APP and is temporarily unavailable on other platforms. In addition, withdrawals are not allowed, so it is best to think carefully when opening it.