What happens when the flowers expire?

Expiration of flowers has the following effects:

1, overdue penalty interest: After the flowers are overdue, Alipay will charge overdue penalty interest at a certain interest rate, calculated according to the overdue days and overdue amount. The cost of overdue penalty interest will increase with the extension of overdue time.

2. Credit records are damaged: Spending money overdue will have a negative impact on personal credit records. Alipay will report overdue records to credit reporting agencies, which will have a negative impact on personal credit rating and may affect future loan and credit card applications.

3. Limit the amount of use: Alipay may limit your amount of use after the flowers are overdue. Even if you spend a lot of money, you may not be able to use it all. This is to control risks and protect the interests of borrowers.

4. Collection action: Alipay will collect money by phone, SMS, email, etc. To remind you to pay back as soon as possible. If it is overdue for a long time, you can take legal measures to recover, such as entrusting a law firm to conduct litigation.

5. Impact on credit rating: The delay in spending money will have a negative impact on personal credit rating, which may affect future loan and credit card applications. Credit rating is an important basis for financial institutions to evaluate personal credit status. Overdue records will reduce the credit rating, which will affect personal lending ability and interest rate level.

To sum up, overdue spending will lead to overdue penalty interest, damage to credit records, restrictions on the use of credit lines, collection actions, and impact on credit ratings. Therefore, it is suggested that you try to avoid overdue spending and repay on time to safeguard your personal credit and avoid unnecessary expenses and troubles.

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