What happens if you don't pay after pay?

Consequences of Not Making Afterpay Payments

Afterpay, a popular ‘buy now, pay later’ service, offers a convenient way to purchase goods and services. However, timely payment is essential to avoid negative consequences.

Immediate Penalties

Failing to make an Afterpay payment by the due date will incur late fees. These fees typically range from $10 to $25 per missed payment. Additionally, your account will be immediately suspended from making future purchases until the outstanding balance is cleared.

Impact on Account Status

Outstanding Afterpay balances can have a negative impact on your account status. If you consistently fail to make payments, Afterpay may permanently close your account. This can prevent you from accessing their services in the future, even if you clear the outstanding balance.

Credit Implications

Afterpay reports payment information to credit bureaus. Consistently late or missed payments can damage your credit score, making it more difficult to qualify for loans, credit cards, and other forms of credit in the future.

Steps to Avoid Consequences

To avoid these negative consequences, it’s crucial to prioritize Afterpay payments. If you encounter financial difficulties, contact Afterpay customer service promptly to explore payment arrangements or hardship assistance options.

In Summary

Punctual payment of Afterpay bills is essential for maintaining a positive account status, avoiding late fees, and protecting your credit score. Ignoring Afterpay payments can lead to suspension of services, permanent account closure, and negative credit implications.