First, about the consequences of loans overdue.
Encounter penalty interest and liquidated damages. If the loan is not repaid, the first thing you encounter is a high penalty interest. Some financial institutions need you to pay liquidated damages on the basis of penalty interest. These expenses add up to a lot of money. Credit damage. If you borrow money from the bank and fail to pay it back within the time limit, your personal credit report will be stained, and it will be more difficult to apply for credit cards and loans in the future. Even small loan companies are not included in the credit report, and there is a "blacklist" system in the circle. If a company does not pay back, it will be difficult to approve other loans. Collected in various ways. Banks and small loan companies have their own collection systems. Novices will send you text messages and call you to collect money. In serious cases, there will even be a collection staff pressing you around the clock, which will seriously disrupt your work and life.
Second, the impact on life.
If the loan is not repaid, it will be sued by the loan platform or the bank. Then, the borrower's funds will be directly frozen and cannot be used to spend on their children. It means that after your funds are frozen, the money can no longer be used, and it will be directly returned to the bank or loan platform. So I also hope that after borrowing money, if you have money, you'd better copy it right away. If you have no money, you can also negotiate with the platform bank.
Third, summarize.
Don't think about not paying back the loan before borrowing it. Loans have to be repaid, and it is only natural to pay back debts. If you don't have to pay back the gun battle, then everyone doesn't have to work so hard and just borrow money from others.