What Happens If I Don’t Pay Simpl Bill and does it affect the CIBIL score is a hot topic among Simpl Buy Now Pay Later service users. Before we deep dive into the answer and find out how can we avoid paying the late payment fee, let’s find out how Simpl has become such a popular BNPL service provider in India.
The Simpl Pay Later is a new service that has been introduced to the Indian market in recent years. This service allows customers to purchase products online and pay for them later. The Simpl pay later service is designed for people who want to buy items immediately without paying the upfront cost. Users can pay the amount after the bill is generated.
This new service has become popular with many consumers because it offers a way for people who would like to buy something online but do not want to worry about paying for it right away. In recent times, the concept of ‘buy now pay later’ has emerged as a buzzword in the retail sector. This is because more consumers opt to buy items with this payment option than ever before.
What is a Simpl Bill?
The Simpl Bill provides customers with monthly bills for their utilities and other household expenses made through the Simpl app. It also tracks your spending habits, which can help you identify areas where you could save money.
What Are Simpl Pay Later Charges?
If the payment isn’t made in time, Simpl will charge a late fee of up to Rs. 250 along with applicable taxes (GST). The company will not deduct the late fee if the user informs them about any issue they are facing during the bill payment. They might even refund the charges if it has been deducted incorrectly.
What Happens If I Don’t Pay Simpl Bill?
As mentioned earlier, Simpl will charge a small late fee if bill is not paid on time. Simpl will also make sure that the users are notified a few times about the pending bill and late payment charges through communication channels such as Email, SMS and app notification before deducting any late fees.
Does Simpl Late Payment affect my CIBIL Score?
The simple answer to this question is NO. Unlike other Buy Now Pay Later players, Simpl does not report the default to credit bureaus such as CIBIL and Experian.
Conclusion: How To Avoid Those Oft-Forgotten Bills and Keep Track of Your Finances
To keep track of your Simpl bill, we would generally recommend installing the Simpl app on your Android or iOS device. Always check the billing cycle and pay the amount within the grace period. Even if you forget, Simpl will send notifications through SMS, email and app notification. Make sure you are well aware of the billing cycle of Simpl before using this service to make payments on the supported retailer’s apps and websites.
Also Read: Simpl Pay Later To Bank Account Transfer – Complete Process
Also Read: Simpl Customer Care Number and Email ID
