What are the consequences if a Taobao credit loan is overdue?

It affects Taobao sellers’ store reputation, personal credit, and personal Zhima credit, and they also face debt collection. Once everyone has overdue behavior, it will stain the credit record, and it will definitely be entered into the credit system. Overdue repayment of a Taobao credit loan will also have a great impact on the borrower's credit score.

Taobao credit loan is a credit loan for Taobao sellers. The loan funds are provided by MYbank and are very safe and reliable.

No guarantee or collateral is required, as long as you have credit, you can apply.

The impact of overdue repayment on individuals

1. Impact on Taobao sellers’ store reputation

Once a Taobao seller is overdue, it will have a very bad impact on the store’s reputation The impact will cause the store's business volume to decline, affecting the seller's income, and the store level will also decline accordingly.

2. Impact on personal credit reporting

Once everyone has overdue behavior, it will stain the credit reporting record, and it will definitely be entered into the credit reporting system.

3. Impact on personal Zhima credit

After the Taobao credit loan is repaid overdue, it will also have a great impact on the lender's Zhima credit. Sesame points can be used to scan QR codes to ride bikes, shop in installments, try on clothes in advance, etc.

Without good Zhima points, everyone will not have the conditions to enjoy these benefits.

4. Facing debt collection

If the lender continues to overdue debt, special personnel will be dispatched to collect the debt in the early stage. If the lender still ignores this, he may face the defendant. court.