Will Alipay spend money in jail after the deadline?

With the development of social economy, everyone likes to spend in advance. Ant Flower Garden (credit payment product) is a certain consumption credit line provided by Alipay to users according to their consumption habits. Users can use ant flower buds to buy in advance and repay the money due next month. The function of ant flower buds is similar to that of credit cards.

I saw a paragraph in my circle of friends: if we don't start school again, many college students' buds will expire! After the ant flower garden was overdue, many people chose to delete Alipay and change their mobile phone numbers to avoid collection. They naively thought that Alipay couldn't contact me, and Bai Hua could save the money he owed. Paying off debts is a matter of course. If you have this idea, it's just that Tucson is broken!

Will ants be arrested and sentenced if they can't spend all the money after the deadline?

Most of the overdue friends in Ant Garden have received such dunning messages. After receiving such news, many of them often feel that the end of the world is coming.

As we all know, if the credit card fails to repay after repeated collection, it may be arrested and imprisoned for credit card fraud. However, most disputes between ant flower beds and users belong to ordinary contract disputes (for the purpose of illegal possession, defrauding ant flower beds or using other people's identity information to open flower beds suspected of committing crimes is another matter). According to the Circular of the Ministry of Public Security on the Public Security Organs Not to Illegally Interfere with the Handling of Economic Disputes, ordinary civil disputes cannot be handled by criminal means casually. After the flowers are overdue (or a small amount of loans overdue), don't be too nervous after receiving the above reminder message, raise funds as soon as possible and return the overdue money. The flower bed has expired.

What will happen if the ants can't get the flowers after the deadline?

1. Sesame score decreased.

Sesame credit score reaches a certain standard, and you can enjoy many convenient services without a deposit. Sesame credit score has been integrated into modern people's daily life. If the flower garden is overdue, the sesame credit score will be reduced, the user's behavior in Alipay will be restricted, and many deposit-free services will not be available.

2. Personal credit is affected.

As Weibo, the official of Ant Flower Garden, said, whether you collect credit or not, it's certainly no problem to repay on time, don't you think?

3. If it is overdue, there will be a high overdue penalty interest.

Ant flower buds are interest-free before the deadline. Once overdue, Bai Hua will charge users a penalty of 0.5 ‰ per day (students who are good at math can calculate the annualized rate). That is to say, if they owe 1 10,000 yuan, the daily interest on 5 yuan is still very high.

4. Will be endlessly collected!

After the flowers are overdue, the platform will generally remind itself to collect the repayment by SMS, email, etc. After the collection fails, it will generally be outsourced to a special collection company for collection. Call your parents, colleagues and classmates to let the whole world know that you owe money and don't pay it back.

5, may be sued!

In fact, flowers overdue is a breach of contract. The main operating company of ant flower bud can sue the overdue person to the people's court according to the service contract of both parties. After the judgment comes into effect, you can apply to the people's court for compulsory execution, and the person subjected to execution will be included in the list of people who have lost their trust and restrict high consumption.

Seize the time and repay the crematorium! Before you "chop your hands", you must do what you can, or you will have to work for Father Ma all your life.

Related Q&A: What does it mean to send a text message saying that the contract penalty is due in advance? Legal analysis: the early expiration of the flower garden contract means that the user's flower garden is overdue or suspected of cashing out. The system should terminate the flower bud contract in advance and require the user to pay off all the debts of the flower bud at one time.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 673 Where the borrower fails to use the loan according to the agreed purpose, the lender may stop issuing the loan, recover the loan in advance or terminate the contract.

Article 674 The borrower shall pay interest at the agreed time limit. If the time limit for paying interest is not stipulated or clearly stipulated, and cannot be determined according to the provisions of Article 510 of this Law, if the loan period is less than one year, it shall be paid together with the loan; If the loan term is more than one year, it shall be paid at the end of each year; if the remaining term is less than one year, it shall be paid together with the loan.

Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.