1. There are many factors that directly affect the credit score of Sesame, such as consumption habits, identity information, credit records, loan purposes, etc. Among them, borrowing money belongs to loan products. If you don't pay back the money within the time limit, Alipay will lose money directly and the score will drop greatly.
2. High penalty interest
In fact, the interest rate of ant borrowing is not particularly high in private lending, and it is still at a reasonable level. Of course, it will be much higher than the interest rate of bank loans. The advantage is that it is convenient and reliable, it can be used at any time, and the interest is calculated on a daily basis. If the user fails to pay back within the time limit, the penalty interest rate shall be calculated on a daily basis. This penalty interest is calculated according to the normal interest rate 1.5 times, which is quite a lot. Please pay back the money as soon as possible.
3. Automatic deduction and collection
If quick payment or debit card is bound to Alipay, or there is money in Yu 'ebao and balance, the corresponding arrears will be automatically deducted, and the sequential balance, Yu 'ebao, bound bank card and flower garden will be automatically deducted.
4. Borrowing is prohibited.
It is difficult to open another loan in the future. As a relatively good private micro-loan, loan has low interest rate and fast lending, so it is difficult to obtain the original quota, because it is not worth the loss if it is overdue.
Second, will the overdue borrowing by ants affect the credit reporting? At present, most users feedback that Ant Financial can't borrow for credit information, but if a seller's shop is opened, it will automatically turn into an online banking loan. If the online merchant bank is in loans overdue, it will be used for credit investigation. According to the credit records, the personal business loan of XXXXX yuan (RMB) issued by Zhejiang Online Commercial Bank Co., Ltd. on XX, XX has been settled on XX, XX. If there is no repayment, the overdue status will be displayed.