What will happen if WeChat payment is overdue?

This behavior will have a series of serious consequences.

Late payment by WeChat will have a series of serious consequences. Overdue will lead to debt collection, including telephone, SMS, email and other collection methods. After the deadline, you will not be able to use the installment function until you pay off the arrears and re-evaluate the system. There will also be a penalty interest after the deadline, and the rate is 65438+ 0.5 times the normal loan interest rate. The longer the overdue period, the more penalty interest will accumulate.

Personal credit will be affected and recorded in personal credit report, which will further affect the ability to borrow in other financial institutions. If the overdue situation is serious, it may also face the risk of being restricted from WeChat service, being sued or even being listed as an executor of dishonesty. Be sure to repay the loan on time to avoid overdue.