What will happen to Alipay online merchant loans overdue? It is worse than borrowing!

In today's society, the pressure of life is very great, and everyone will face the time of lack of money, especially the merchants who do business and open stores. Liquidity is very important, otherwise it is impossible to carry out business and expand business. Online business loan is a loan product of Alipay, and many people have a quota. What will happen to Alipay online merchant loans overdue?

First, the consequences of the online merchant loans overdue

Due to different lenders, online merchant loans are products of online merchant banks, so the overdue degree will be more serious than borrowing money. I consulted customer service and got a more accurate answer.

1, the online merchant loans overdue 100% will report at the meeting, which is different from the vague statement that borrowing money and spending money will affect credit. The customer service said it would definitely report it to the People's Bank of China, that's right! It is the credit report you need for mortgage, provident fund loan and credit card.

2. There will be liquidated damages in case of overdue, and the daily handling fee and interest rate shall be calculated as multiples of the normal interest rate. Penalty interest = overdue bill amount (overdue principal plus interest) * interest rate * overdue days (excluding the current day).

3. Call for collection. Yes, Alipay will also collect money, and it will affect the continued loan.

2. Will loans overdue, an online merchant, be prosecuted?

Many people think that online business loans are private loans, and overdue loans will not have a big impact. However, according to feedback from netizens, overdue repayment is very terrible, mainly reflected in these aspects:

1, credit investigation. Many netizens have seen the records of online merchant loans in the credit report. Different from other lending products, online business loans are a sum of money, and overdue loans will be classified as bad records.

2. compensation. Some netizens borrowed 8,000 yuan and never paid it back. Later, they found that the online merchant loan actually showed settlement, and then they found that the money was lost and the credit was completely hacked.

3. Alipay is limited. Once the online merchant loan is overdue, not only will it be difficult to apply for the follow-up loan, but also the flower buds and sesame seeds will be affected, and there is no entrance for new activities.

In a word, loans overdue, an online merchant, will mainly affect credit reporting, and at the same time have a serious negative impact on personal accounts. Unless the amount is very large, it will not be prosecuted by Alipay, but the consequences are also very scary. I suggest that you must repay the online merchant loan on time, otherwise you may regret it!