The consequences of overdue payment of more than 90,000 owed by Alipay are: serious overdue payment will result in direct prosecution and reporting to the credit reporting system.

What you should do is to repay immediately. If you are unable to repay at once, you can choose to pay the minimum repayment first, and then repay it slowly in installments. The impact of overdue payment on Huabei is great. Not only will your credit limit and interest be reduced if you are overdue. Overdue loan repayments and credit card overdrafts will be recorded in the personal credit system, which will have an impact on future loans, house purchases, car purchases, etc.

Alipay officially updated the "Huabei User Service Contract" today. According to the new service terms, if the user does not repay the entire repayment amount before 24:00 on the Huabei repayment date, and the overdue repayment will be Affect personal credit record.

Extended information:

The introduction of overdue Alipay repayments is as follows:

Provide to credit reporting agencies and credit assessment agencies established by law such as Zhima Credit Management Co., Ltd. or similar institutions permitted by relevant laws and regulatory authorities. Huabei’s service subjects did not check/report the central bank’s credit report. Regardless of whether you report it to your credit report or not, it is absolutely right to repay your loan on time.

You may not be able to take public transport such as airplanes or subways. Even some big companies will not hire you. Your bank account will be frozen. It may even be a problem for your children to go to school in the future. Don’t worry about a few thousand dollars. It's not worth it to be a dishonest person. Don't lose big benefits for some small benefits.

People's Daily Online - Alipay: Don't think too good, Huabei Borrower will not be canceled if you have debts for a long time

Baidu Encyclopedia - Huabei