Detailed description:
1. Bai Hua is a consumer credit service launched by Alipay, which provides installment payment, deferred payment and other functions.
2. When the user fails to repay the flower garden bill on time and it is overdue for more than 30 days, Alipay will report the overdue record to the credit reporting agency.
3. The credit reporting agency evaluates the personal credit according to the overdue records and reflects the overdue situation in the credit report. Overdue records have a negative impact on credit score, which may lead to problems such as difficulty in borrowing and reduction of credit card limit.
4. The longer the overdue time, the greater the impact on the credit score. Therefore, paying off debts as soon as possible is the key to maintaining good credit.
Summary:
Overdue records will have a negative impact on personal credit. In order to avoid credit damage, it is recommended to pay off the arrears in time.
Extended data:
-Credit investigation: Credit investigation refers to the business of collecting personal credit information, evaluating personal credit status and forming corresponding credit reports for financial institutions' reference.
-Credit score: Credit score is a comprehensive evaluation score calculated by a certain algorithm and model based on personal credit information. This score reflects an individual's credit status and repayment ability.
-Alipay Flower Garden: Alipay Flower Garden is a consumer credit tool. Users can purchase from the merchants through the Huabai account, and choose to pay by installment or deferred payment.