Make sure to always pay on time to avoid these inconveniences:
1. Additional Penalty charges
Late fees are charged as penalties based on the number of days you are past your due date.
For 1 day past due = + 200 pesos
For 31 days past due = + 300 pesos
For 61 days past due = + 400 pesos
For 91 and above days past due = + 600 pesos
Note: Accumulated Penalty
2. Collection Reminders
You may receive calls or messages from collection agencies to remind you to pay your unpaid dues.
3. GScore Decrease
Your GScore reflects the trust we have in our users to pay their GCredit dues. The longer their dues are unpaid after the due date, the larger the decrease in their GScore. this may lead to deduction on your GScore Limit.
4. Credit Line Suspension
Non-payment of dues will lead to the suspension of your credit line which means that you won’t be able to use GCredit as a payment option.
5. Bad Reputation with other lending or credit agencies
Your GScore or Credit Score are shared with other Lending or Credit enterprises as mandated by the Bangko Sentral ng Pilipinas (BSP) which means that if you did not pay your dues or your have outstanding dues you will be flagged in the BSP and across other lending or credit enterprises.