It's expired. What does it mean to receive the short message from 1069 that the repayment channel will be closed tomorrow?

It means to change the installment payment to the full payment, which needs to be paid off in one lump sum.

The closure of the repayment channel means that the bank's credit card does not currently support repayment through Alipay. ? If it is a third-party repayment channel, it may be that the merchant no longer supports credit card repayment.

When the repayment channel is closed, it is generally the maintenance of the repayment channel by the bank. The repayment function on Alipay will be temporarily closed to prevent abnormal repayment from causing losses to users, or Alipay will stop cooperating with banks, thus closing the repayment channel.

If it is the first phenomenon, you can try again later or try to repay the loan the next day. If you still can't repay, it is suggested that you can change the repayment method.

Loans overdue may produce the following results:

1. generates penalty interest. Although the policy of every banking institution is the same, as long as it is overdue, there will be a penalty interest, that is, a certain percentage of interest will be added on the basis of the original interest.

2. Being classified as dishonesty will affect future loans and property purchases. After the deadline, the credit report will inevitably leave a bad record. If the circumstances are serious, it will not only be included in the list of untrustworthy executors, but also affect future real estate loans.

3. facing litigation problems. Generally speaking, after a certain period of time is overdue, the bank will issue a collection notice. If the collection fails, the bank will sue the borrower and safeguard the legitimate rights and interests through legal means.