What will happen if Alipay reserve fund is overdue?

Alipay reserve fund is prepared for users who have difficulties in solving funds but don't want to use it for a long time. The reserve fund can be used twice a month. Only after Shen Qing repays the loan for the first time can he apply for the next use. If it is overdue for more than seven days during use, it will be collected by Alipay. Then, what should I do if Alipay's reserve fund is overdue?

What will happen if Alipay reserve fund is overdue?

1 Collection by financial institutions

When the user's reserve payment is overdue, then Alipay official will start the collection procedure. It is mainly collected by calling or sending short messages, and the collection time is relatively long.

2 affect sesame credit

When the Alipay reserve fund is overdue, the Sesame Credit Branch will drop sharply. One month overdue of the reserve fund will directly affect the sesame credit score, which will lead to a decrease in the sesame credit score and leave a stain on the negative record of sesame credit.

3. Overdue fees and loan refusal

Overdue reserve will cause overdue fees, and the specific amount will be subject to the display on Alipay page. Moreover, after the reserve fund is overdue, it will affect some lending products in the later stage. When the user applies, the loan will be rejected.

Generally speaking, the right to use the reserve fund may be frozen after it expires, and whether it can continue to be used after it is paid off requires systematic and irregular evaluation. If the reserve fund is overdue, it will also lead to the closure of products such as flower buds and borrowing buds. Only after paying off the arrears can its use function be restored.