Internet-based loans are a small-value credit product for operation introduced by Internet banks. When users have used the loan line, repayment is required within the agreed time. Let me give you a few words about the impact of non-payment on time。

What's going to happen to the Internet? This could have serious consequences

**1. Personal credit impairment**

First, Internet-based lending is linked to the information system. If you do not pay back on time, the Platform will report your overdue status to the letter-of-service system. This will leave a bad record on your credit report, and it will have a negative impact on your future application for other loans, which may even affect your career。

**2. Decline in sesame fractions**

If you're late, you'll lose sesame points. A low sesame score can lead to the loss of many privileges, such as the non-removable use of some of the functions of the payment treasure and the involvement of other sesame-related products。

**3. At short notice**

In the event of a delay, the bank takes measures to defend its interests, such as making a telephone call or sending a text message urging you to pay back. These collections will not stop until you settle your arrears and may affect your daily life。

**4. Overdue penalties**

Overdue is not just a matter of repayment; you also need to pay a fine. The penalty is calculated on a daily basis, and the longer it is overdue, the more the penalty will be paid. The debt burden will increase until you settle all your arrears。

**.5. Limited loan lines**

Overpayment may cause the bank to believe that your financial situation is in question or that there is a credit risk, and in order to control the risk, the bank may reduce or freeze the amount of your loan. It will affect the outcome of your subsequent application for a loan。

In order to avoid these negative consequences, it is recommended that, when using Internet-based loan products, it is important that the repayments be made in full and on time. In addition, before applying for a loan, consideration should be given to their financial situation and ability to repay and to ensure that they can borrow within their capacity。