There are no consequences for Taobao loans

There are two main types of Taobao loans, namely Taobao credit loans and Taobao order loans. Both of these loans are open to Taobao sellers, and their main purpose is to solve the financing difficulty problem of Taobao sellers. So what are the consequences after applying for a Taobao loan? What are the consequences of Taobao loans? 1 First of all, Taobao loans are connected to the People's Bank of China's credit reporting system. Once the borrower fails to repay or repays overdue, it will be reported to the People's Bank of China's credit reporting system, which will have an impact on personal credit reporting. 2. Secondly, Taobao loans are only for Taobao. Merchants are open to the public. Once they default on Taobao loans, points will be deducted from the store. Each time, 48 points will be deducted. After a certain number of times, the store will be permanently barred from participating in Taobao marketing activities; 3 In the end, Alibaba Finance will collect money. Collection methods such as text messages, letters, phone calls, and door-to-door visits affect personal lives. The above is an introduction to some consequences of not repaying Taobao loans. Let me remind you again that you must remember to repay your Taobao loan on time.