What will happen if Sesame GO is in arrears 12 yuan is overdue?

If Sesame GO owes 12 yuan overdue, there will be the following consequences: First, you may receive a dunning notice or telephone reminder. Secondly, the credit record may be damaged, affecting the personal credit rating. In addition, overdue repayment may lead to the accumulation of overdue interest and late payment fees. Eventually, the debt may be transferred to a third-party collection agency.

Detailed description:

1. dunning notice: the borrower may receive a dunning notice from the creditor to remind him to repay the debt in time. The dunning notice can be sent by SMS, telephone or email.

2. Credit record damage: overdue repayment will have a negative impact on personal credit record. Credit record is an important basis for evaluating personal credit risk. Overdue repayment will reduce personal credit rating, which may make it difficult to obtain financial services such as loans and credit cards.

3. Overdue interest and late payment fee: overdue repayment may lead to overdue interest and late payment fee. These costs will increase over time, increasing the repayment burden.

4. Third-party collection agency: If the borrower fails to repay the loan for a long time, the creditor can transfer the debt to a third-party collection agency. The collection agency will take different measures such as telephone contact and door-to-door collection to collect the arrears.

Summary: The overdue repayment of Sesame GO loan 12 yuan may lead to dunning notice, credit record damage, overdue interest and overdue fine accumulation, and debt transfer to a third-party collection agency.

Extended data:

The influence of overdue repayment on personal credit rating is due to the widespread use of credit information system by domestic financial institutions for personal credit evaluation. Credit information system evaluates personal credit status by collecting and integrating personal credit information, including loan records and credit card usage. Overdue repayment will leave a bad record in the personal credit report, thus lowering the personal credit rating. Credit rating has an important impact on personal financial services and business transactions.