1, which directly affects the sesame credit score. If you don't pay back the money within the time limit, the sesame credit score will drop greatly;

2. In case of high penalty interest, 50% will be added on the basis of the original interest;

3. Receive collection messages and phone calls;

4. Produce bad credit records. Borrowing is for credit reporting, and overdue repayment will leave a bad credit record in personal credit reporting.

Extended data:

1. What is a loan?

1. Credit loan (formerly known as Lending Bao) is a loan service launched by Ant Financial Services Group relying on Alipay. According to different sesame scores, users can apply for different loan quotas. ? The longest repayment period of the loan is 12 months, and the daily interest rate of the loan is 0.045%, which can be repaid with the loan. When borrowing money, users can choose to lend money to Alipay account and bound savings bank card for personal consumption, decoration, travel and so on.

Second, overdue loans mainly have the following effects:

1. Function restriction: the loan function and the functions of other credit products will be affected after the overdue period, and whether it can be restored after the subsequent repayment will be evaluated irregularly by the system, and manual intervention is impossible;

2. Impact of the quota: Even if the repayment is overdue, the quota may be reduced or there is no quota;

3. Negative records: overdue records will be uploaded to Sesame Credit and uploaded to the basic database of financial credit information according to regulations;

4. Overdue interest: for overdue repayment, an overdue fee of 1.5 times the normal interest rate will be charged for the overdue amount.

It is recommended that you repay the loan on time, keep a good record of use and avoid overdue.

Third, do you want to borrow money for credit investigation?

Borrowing money is for credit investigation, but it doesn't matter as long as you borrow money normally and repay it on time.

But once you have overdue loans, there will definitely be overdue records in the credit report, which will have a negative impact on the credit report. Moreover, the sesame credit score will also drop significantly, which will affect the use of related credit businesses such as flower buds. In addition, if you only opened the loan function and did not apply for a loan, it will not be recorded in the credit report.