What happens when the flowers expire?

1. Penalty interest. Once the flower bud is overdue, it will pay overdue interest, and the interest will be charged at 0.05% of the outstanding amount in the current period every day. Until you pay it off.

2. Affect sesame credit. Expired flowers will affect sesame credit. The reduction of sesame credit score will also limit our use of Alipay.

3. Subsequent loans and card processing are blocked. If it is seriously overdue, you will not be able to apply for any loan under Ant Financial. Your loan in other places, as well as your card application, will be hindered.

4. Take legal responsibility. If you are overdue, if it is maliciously overdue, Bai Hua will probably sue you through legal channels. If the circumstances are serious, they shall bear legal responsibility. Get into the good habit of paying back the money on time when you spend it. If it is overdue, it can still be used normally as long as it is not overdue for a long time and repaid in time. For example, you can use them one day overdue. But the impact of overdue is very serious. If it is always overdue or overdue for a long time, it will face very serious consequences.

Bai Hua is a consumer credit product launched by Ant Financial in April 20 15. After the application is opened, users can get a spending quota ranging from 500 to 50,000 yuan. When spending, users can prepay the amount of ant flowers and enjoy the shopping experience of "spending first and then paying". Ant Flower Garden Consumer Credit Asset-Backed Securities Project was listed and traded in Shanghai Stock Exchange on August 4, 20 16, becoming the first ABS of Internet consumer finance in Shanghai Stock Exchange.

In September, 20021,Bai Hua was fully connected to the central bank's credit information system. If the user denies access, the flower buds will not be available. Flower Garden is an online shopping service provided by ant micro-loan, which is "buy this month and return it next month" (return it next month after receiving the goods). Most merchants or products of Tmall and Taobao support the flower garden service. Whether the specific goods can be purchased with flowers depends on the display of the cashier page. Flower bud products have been officially launched, and the user base is gradually expanding. Users can confirm the repayment before next month 10. You can use the balance of Alipay account, the fast savings card in the account, or the balance treasure to repay automatically, or you can take the initiative to repay.

The repayment date of Bai Hua is 10 every month. Users need to pay off the generated flower bud bill on the repayment date. On the day of repayment, the system will automatically deduct the balance of Alipay account, Yu 'ebao (reserve balance function needs to be enabled) and fast payment by debit card (including comics). In order to avoid overdue, please ensure that the amount of Alipay account is sufficient. Those who fail to pay within the time limit will be charged a late fee of 5/10000 per day. At the same time, Huayuan's overdue records will also be submitted to Sesame Credit, which will affect Sesame Credit Score. In addition, Taobao, which has a flower garden, a Tmall installment, a Tmall trial before buying and using prepaid services, will enjoy a consumption quota.

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