What happens when the flowers expire?

Flowers will bear the following consequences after they are overdue.

1. Credit information will be hurt. Bai Hua is a credit product with a credit report. After the deadline, it will leave a credit stain on the credit report. In this case, in addition to not being able to continue to use Bai Hua, the application for other credit products will also be affected and may be directly rejected by the lending institution.

However, Hua Bai is not fully connected to the credit information system. If the flower garden is upgraded and Alipay is authorized to submit personal credit authorization, the overdue situation of the flower garden will be reflected in the credit report. If there is no upgrade, it will not be reported in the credit report.

2. Once the flowers are overdue, the platform will call or SMS to remind you to repay as soon as possible. Collection is an action that every lending institution will take against overdue payment.

However, under normal circumstances, Huayuan will only contact the overdue person for collection. Because of compliance requirements, formal lending institutions will not harass overdue family members or friends, so don't worry too much about this.

3. There will be overdue penalty interest. Loans overdue, in addition to the normal loan interest, but also bear overdue penalty interest. Penalty interest is calculated on a daily basis, and the amount of penalty interest is higher than the loan interest in the same period. Therefore, the longer the overdue period, the more penalty interest will be generated, and the greater the debt pressure will be.

When the overdue debts are finally settled, the penalty interest must be settled, otherwise there will still be outstanding debts.

4. The loan contract will be terminated early. If the overdue period is long, and there is no will to settle the overdue debt as soon as possible, Alipay will terminate the loan contract in advance according to the loan contract, requiring the loan to be settled in advance, which will directly increase the repayment pressure.

5. Malicious overdue will be prosecuted. For example, you have the ability to repay, but you still deliberately default on the loan. In this case, Alipay will solve the debt problem through legal channels and sue in order to protect its own rights and interests.

However, under normal circumstances, Alipay will not sue, just in case. If you really don't borrow money, you should actively communicate with Alipay and don't evade debt responsibility, leaving a bad impression on Alipay.

6. Lines will be reduced or frozen. Loans overdue explained that the risks are rising. In order to prevent the risk from further expanding, Alipay will reduce the amount of flower buds or freeze the credit line, so it will be more difficult to continue to use flower buds in the future.

7. Sesame score is an important indicator for Alipay to evaluate its qualification. If the garden is overdue, it will directly lead to the decrease of sesame seeds. If the sesame score is lower than a certain level, it will affect the use of other functions of Alipay.

For example, if the sesame score is less than 600, it may be impossible to continue to use credit products such as loans, reserve funds and online business loans, and the impact may be even greater.

8. After the online loan big data is overdue, some measures taken by Alipay will have a bad impact on online loan big data. After the online loan big data is destroyed, applying for loans on other platforms will also be affected.

It can be seen that the flower garden will bear more serious consequences after it is overdue. In order to avoid these situations, if you feel the pressure of repayment, you should also apply for bill installment or minimum repayment in time.

Although many online loans do not have credit information now, each small loan platform has its own third-party big data credit information platform. If a company is overdue or fails to repay the loan, then the third-party platform it cooperates with will leave a record, and then you want to apply for a loan on other small loan platforms, which is basically difficult to pass. You can get a big data report on "Kingfisher Data" and know your big data status in time. It is an online loan big data query system that provides accurate and complete data information for online loan applicants.

Extended data:

Does frequent use of loans have an impact on provident fund loans?

Users frequently use loans, and there will be a large number of loan records in the credit information, but these records belong to normal credit information and will not affect users' application for provident fund loans.

Only when overdue records are generated and credit is recorded, when there are bad credit records in credit, users cannot handle credit business, and naturally they cannot apply for provident fund loans.

Therefore, as long as the loan does not affect personal credit, users can handle other loans normally, and the loan record of the loan is conducive to the bank to better evaluate users.