What happens if you never pay SPayLater?

Consequences of Non-Payment for Shopee SPayLater

Shopee SPayLater, a convenient payment option offered by Shopee, provides users with the flexibility to purchase items now and pay later. However, it’s crucial to fulfill payment obligations promptly to avoid potential repercussions.

Suspension of Accounts

Failing to make payments by the designated due dates on the 1st, 10th, or 20th day of each month can result in the suspension of both your SPayLater account and your Shopee account. This means you will be unable to make purchases or utilize any other services offered by Shopee until the necessary payment is made.

Mandatory Full Payment

For every SPayLater transaction, full payment is mandatory. Partial payments or late payments are not acceptable and will lead to consequences as outlined above. Users must ensure they have sufficient funds available to cover the full amount due on the specified payment dates.

Impact on Credit Score

Non-payment of SPayLater bills can negatively impact your credit score. Like other financial credit products, Shopee SPayLater reports payment data to credit bureaus. Consistent late payments or non-payment can result in a lower credit score, which can have adverse effects on your ability to secure loans or obtain favorable interest rates in the future.

Additional Charges

In addition to the suspension of accounts, Shopee may impose additional charges for late payments. These charges may include late payment fees, interest, and penalties, which will further increase your outstanding balance.

Conclusion

To avoid the negative consequences associated with non-payment of Shopee SPayLater, it’s essential to make payments on time and in full. By fulfilling your payment obligations responsibly, you can maintain your account in good standing and avoid any potential financial implications.