What if you love to use the mall?

If you don't pay back on time after shopping in Aiyong Mall, you may face the following situations:

1. overdue penalty interest: the mall may charge a certain percentage of overdue penalty interest for unpaid items. In this way, you need to pay more.

2. Credit record is damaged: failure to repay will have a negative impact on your credit record. The mall will report your overdue situation to the credit bureau, which may make it difficult for you to obtain other loans or credit products.

3. Collection action: The mall may take collection measures, including calling you, reminding you by SMS, or entrusting a professional organization to collect money. If the payment is not made for a long time, the mall may take legal measures to recover the arrears.

To sum up, if Aiyong Mall fails to repay the loan, it may lead to overdue penalty interest, damaged credit record and collection action, which will bring you economic and credit troubles.

Extended data:

1. overdue penalty interest: overdue penalty interest refers to the late payment fee charged by the borrower according to a certain proportion when it fails to repay the loan within the specified time. Shopping malls usually specify the proportion and calculation rules of overdue penalty interest in the contract.

2. Credit records: Credit records are records used to evaluate personal credit status, including personal repayment records, overdue conditions, loan history, etc. Banks and other financial institutions will assess the credit risk of borrowers according to their credit records and decide whether to grant loans or credit products.

3. Collection action: The mall will collect money by telephone, text message, etc. And ask the borrower to repay as soon as possible. If the borrower fails to repay the loan for a long time, the shopping mall can entrust a professional institution to collect it, or even take legal procedures to recover the arrears.

Please abide by the relevant repayment regulations when using the mall. Paying back on time is an important way to maintain your credit and avoid unnecessary trouble.