We hope that all of our users honor their purchase agreements with the slice. Please understand that when you choose to pay over time with slice, you are entering into a legal obligation to pay the balance of the amount on time. While we hope we never have to do so, we reserve the right to refer delinquent accounts to collections & they will be prosecuted as per law in case of delayed payments. You may review our Terms and Conditions here: http://bit.ly/2ItFOod
Your CIBIL Score also will be negatively impacted which in turn would make you ineligible for getting financing/loans in the future for further studies, to buy a home, etc. You will also be charged a penalty whenever you pay after the due date. You can read more: http://bit.ly/2ItGEkR
On the contrary, timely payments has its own benefits, you can read more: http://bit.ly/2IwFiG0