Consequence 1. If the loan is not repaid, there will be penalty interest and liquidated damages, and 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. Consequence two. Credit damage If you borrow money and fail to pay it back within the time limit, your personal credit report will be tarnished, 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 "black household" system in the circle.