After the expiry date of Huabei, you will bear the following consequences.

1. Your credit report will be harmed. Huabei is a credit product that requires a credit report. After the expiration date, credit stains will be left on the credit report. In this case, you can no longer use Huabei. In addition to Bai, applications for other credit products will also be affected and may be directly rejected by the lending institution.

However, Huabei is not fully connected to the credit reporting system. If Huabei is upgraded and Alipay is authorized to submit a personal credit reporting authorization letter, then Huabei’s overdue status will be reflected in the credit reporting report. If there is no upgrade, then the credit report will not be included if it is overdue.

2. Will be collected by the platform. Once Huabei is overdue, the platform will remind you to repay as soon as possible through phone calls or text messages. Collection is an action that every lending institution will take for overdue payments.

However, under normal circumstances, Huabei will only contact the overdue person to collect payment. Due to compliance requirements, formal lending institutions will not harass overdue family members or friends, so there is no need to be overly cautious in this regard. Worry.

3. Overdue penalty interest will occur. After Huabei is overdue, in addition to normal loan interest, it will also have to bear overdue penalty interest. The penalty interest is calculated on a daily basis and is relative to the same period. For loan interest, the amount of penalty interest is higher, so the longer the overdue period, the more penalty interest will be generated, and the greater the final debt pressure will be.

When the overdue debt is finally settled, the penalty interest generated needs to be settled together, otherwise there will still be unsettled debt problems.

4. The loan contract will be terminated early. If the overdue period is relatively long and there is no willingness to settle the overdue debt as soon as possible, Alipay will terminate the loan contract early as stipulated in the loan contract and require early settlement of the loan. , which will directly increase the repayment pressure.

5. Those who are maliciously overdue will be prosecuted. For example, if they have the ability to repay, but they still deliberately default on the loan, in this case, Alipay will solve the problem through legal channels in order to protect its own rights and interests. If there is a debt problem, we will sue.

However, Alipay will not sue under normal circumstances, but just in case, if you really cannot repay the loan, you must actively communicate with Alipay and do not avoid debt responsibilities and leave a bad impression for Alipay. impression.

6. The risk of overdue loans will be reduced or frozen. In order to prevent the risk from further expansion, Alipay will reduce the Huabei limit or freeze the credit limit if you want to continue to use it in the future. Huabei will be more difficult.

7. Zhima points will be reduced. Zhima points are an important indicator for Alipay to evaluate qualifications. If your Huabei is overdue, it will directly lead to a decrease in Zhima points. If your Zhima points are lower than a certain level, it will affect Alipay. Use of other functions above.

For example, when your Sesame score is lower than 600, you may no longer be able to use credit products such as Jiebei, reserve funds, and online merchant loans, which may have a relatively large impact.

8. Impact on online loan big data. After Huabei expires, some measures taken by Alipay will have a negative impact on the online loan big data. After the online loan big data is destroyed, apply on other platforms. Loans will also be affected.

It can be seen that Huabei will bear more serious consequences after it is overdue. In order to avoid these situations, if you feel pressure to repay, you should also apply for bill installment or minimum repayment in time.

Although many online loans are not subject to credit reporting, each small loan platform has its own third-party big data credit platform. If there is an overdue or non-repayment, , then the third-party platform it cooperates with will leave a record. If you want to apply for a loan on other small loan platforms, it will basically be difficult to pass. You can obtain a big data report on "Kingfisher Data" to grasp your own big data status in a timely manner. It is an online loan big data query system that provides accurate and complete data information to online loan applicants.

Extended information:

Will frequent use of Jiebai affect provident fund loans?

If users frequently use Jiebei, there will be a large number of Jiebei loan records in the credit report, but these records are normal credit information and will not affect the user's application for provident fund loans.

Only if there is an overdue record on Jiebei, the credit report will be listed. When there is a bad credit record in the credit report, the user will not be able to apply for credit business, and naturally they will not be able to apply for provident fund loans.

Therefore, as long as Jiebei does not affect personal credit, users can apply for other loans normally, and Jiebei’s loan records will help banks better evaluate users.