GCredit

Pay your GCredit dues on time to avoid incurring penalties and additional charges. Here are the things that will happen to you if you do not pay your dues on GCredit on time: 

1. GCredit line suspension
When you do not pay your dues on time, your GCredit line will be suspended which means that you will not be able to use GCredit as a payment option.

2. Additional Charges Beyond Due Date

• Penalty Charges
  You will be charged with additional penalty fees depending on the number of days it took for you to pay your GCredit dues beyond your due date. You will have to pay additional penalty charges on your next billing date. Here is a summary of the penalty charges you will have to pay on your next due date when you pay beyond your due date.

• • Additional Interest Charges
    You will have to pay additional interest charges depending on the number of days it took for you to pay your GCredit dues beyond your due date. You will have to pay additional interest charges on your next billing date. 
    Here is a sample billing statement with additional interest charges and penalty fees:

3. Collection reminders

When you still have unpaid dues from your previous due date, you will receive SMS messages, phone calls, in-app prompts and email notifications from GCash every 10 days reminding you to pay your dues. 

Here is a sample SMS message you will receive from GCash:

You will also see in-app prompts to pay your dues:

Here is a sample reminder which will be sent your GCash-registered email:

Note: Please make sure that the email is correct.

You will also receive phone calls, SMS messages, and email from collection agencies everyday to remind you to pay your unpaid dues until you have settled your unpaid balance. Here is a sample message that you will receive from collection agencies:

4. Bad reputation with other lending or credit agencies

Your GScore is shared with other lending or credit enterprises as mandated by the Bangko Sentral ng Pilipinas (BSP). 

This means that if you did not pay your dues or you have outstanding dues, your GCash financial record will be shared with BSP and other lending or credit enterprises. This will make it harder for you to apply for credit/loans in the future.