Late payment fee refers to the overdue payment that fails to pay taxes according to the tax payment deadline or fails to repay a certain proportion of the loan according to the repayment deadline. It is a measure for tax authorities or creditors to give economic sanctions to overdue parties.
If the loan account is not fully deposited, the bank will automatically identify this situation as overdue through the computer system, record it in the overdue record and load it into the personal credit report. If you keep this situation for a few months, it will be difficult for you to get a loan in the future because you already have a bad record in the bank.
It is suggested to save more and use less in the future, because the monthly repayment amount of the following year will change after the loan interest rate is adjusted. In order to ensure good records, it is best to save more and take less. The late payment fee will not be charged until the second month of overdue repayment, and there will not be much.
What are the consequences of overdue mortgage?
1. Calculate penalty interest:
Penalty interest is one of the most intuitive consequences in loans overdue, which is directly linked to the interests of borrowers. Generally, many institutions have very strict regulations on overdue penalty interest.
2. Accounting credit for overdue records:
One of the most serious hazards of overdue loans is that they are included in the credit report. Even if you pay off your debts, your personal credit report will still show the fact that you are in loans overdue. The next time you want to apply for a credit card or apply for a loan again, it will be affected. There are too many overdue times, and various loan financial services will basically not be handled.
3. It will be collected, prosecuted or even blacklisted by untrustworthy people;
Loans overdue still has a serious problem, that is, it will be collected. Text messages and phone calls are everyday means. Once this doesn't work, the bank will sort out your loan contract, hand it over to the regulatory authorities and start suing you. If you don't repay the loan, you will go to court. As long as the evidence is conclusive and you want to default, the court will decide to enforce it. Even your only house may be auctioned off. People who owe money will not be returned to the blacklist of untrustworthy people. Planes and high-speed trains can't be taken, bank cards and Alipay accounts are frozen, and personal property is auctioned. Life is simply hard.