Recently, some media reported that Alipay officially updated the "Flower Garden User Service Contract" today. According to the new terms of service, if the user fails to pay off all the payables before 24 o'clock on the repayment date of Huabai, the overdue payment will affect the personal credit record.

The resulting personal bad information will be provided to legally established credit reporting agencies, credit evaluation agencies or similar institutions licensed by relevant laws and regulatory agencies, such as Sesame Credit Management Co., Ltd. ..

After the news was exposed, it triggered a hot discussion among netizens.

So how big is the impact of personal credit reporting on loan consumption? Will Alipay spend money to borrow money affect personal credit information?

Nowadays, in addition to credit cards, many payment services also provide small loans, such as ant flower buds in Alipay, ant loans and JD.COM IOUs, as well as interest-free concessions.

We know that the consequences of overdue repayment of credit cards are very serious. What will happen if you don't pay back the money? Will it affect personal credit information, resulting in restrictions on buying a house, car, employment, loans and even travel in the future?

I believe that most people will not take the risk to try, but there are always people who owe money for one reason or another.