What is the impact of automatic repayment failure?

The first consequence of overdue is economic loss, that is, penalty interest. It is understood that. The penalty interest of ant borrowing is 0.5 times of the original interest of 65438+. Overdue will only make you owe more and more money, and the pressure of repayment will increase.

Overdue handling fee = overdue bill amount (overdue principal plus interest) * interest rate * 1.5* overdue days (excluding the current day)

Step 2 be collected

Once overdue, the customer service will urge you to repay. If the dunning is not paid for many times, the ant will transfer the creditor's right to the creditor's company for handling. At that time, you will face more powerful means of collection.

3. Affect sesame.

Sesame credit is also very important in our present life. Once the ant loan is overdue, it will deduct your existing sesame score and upload the overdue record to the financial database, which will seriously affect personal credit.

4. Upload credit information

For this loan, the official explanation given by Alibaba is that if there is a serious overdue, this overdue record will be recorded in the central bank's credit information system. In other words, if your overdue situation is serious, it will stain your personal credit information.