1, overdue penalty interest: If the repayment is not made on time, Alipay will charge a certain overdue penalty interest according to the number of overdue days. The calculation method of overdue penalty interest is based on a certain daily interest rate. The more days overdue, the higher the penalty interest amount.
2. Credit record damage: overdue repayment will have a negative impact on personal credit record. Alipay will report overdue records to credit reporting agencies, which will have a negative impact on personal credit rating and may affect future credit loans and credit card applications.
3. Limit the loan amount: If you frequently fail to pay back, Alipay may limit your loan amount, or even suspend your borrowing and consumption functions, so that you can't use these two consumer credit products again.
4. Legal proceedings: In case of serious overdue repayment, Alipay has the right to take legal measures to recover the arrears. They can sue you through the court, ask you to repay the arrears, and may generate additional legal fees and liquidated damages.
Therefore, in order to avoid the above consequences, it is suggested to repay the loan on time to ensure a good credit record and a good lending experience.
If you are facing the problem that online loans are overdue and being collected, I suggest you go to "Beijian Quick Check" to inquire, so as to get a detailed big data report, understand your overdue records, and classify your online loans, so as to distinguish between formal loans with credit information and informal loans without credit information. If you want to pay back the money, but the funds are insufficient at present, I suggest you negotiate with the online lending platform to give priority to repaying formal and reputable loans and minimize the impact on yourself. This will not only improve your credit, but also help you apply for other loans in the future.