What will happen if you don't pay the guarantee fee?

The personal credit record is affected, and the person who has been dunned will increase the repayment pressure and interest expenses.

1. Impact on personal credit record: Failure to repay the guarantee fee of wages on time will be reported by credit reporting agencies, which will have a negative impact on personal credit record and affect personal credit rating and credit limit.

2. The person to be collected calls for collection: If the guarantee fee is overdue, the person to be collected by phone or SMS will cause certain harassment and pressure to the individual.

3. Increase repayment pressure and interest expense: If the guarantee fee is overdue, it will lead to the continuous accumulation of interest, which will increase personal repayment pressure and interest expense.