First of all, the consequences of not repaying the loan are as follows:
1, overdue for more than 90 days, if the circumstances are serious, it can be regarded as malicious overdue, and the collection may also cause life pressure to yourself and your family, affecting the normal life of individuals and families;
2. In terms of overdue fees, there will be some fees such as liquidated damages and penalty interest, which need to be collected according to the contract. Different institutions and different loan products charge different liquidated damages or penalty interests;
3. It has an impact on personal credit records, and bad credit records have become obstacles to future loans (such as mortgage loans and car loans) and handling credit cards.
Second, loans overdue processing method is as follows:
1. Pay off the arrears in time, take the initiative to explain the situation to the bank and keep the account in a normal state;
Don't cancel the card because it has expired. After overdue, you should continue to use your credit card normally, spend more, repay on time, and replace the overdue record with a new repayment record;
3. Don't lose contact after the deadline, and don't let the bank think that it is a malicious overdraft, otherwise it may be sued by the bank.
To sum up, loans overdue will collect loans after the repayment grace period, and the consequences of not paying loans include affecting the normal life of individuals and families, liquidated damages, penalty interest and so on. You can use your credit card normally, spend more and repay it on time.
If you don't know your debt and online loan data, you can query and get an online loan big data report from Winnie Hsin, which includes online loan application records, overdue details and blacklist details.
Extended data:
What if the mortgage is overdue for one day?
Handling method of one-day overdue credit report of mortgage;
First, if the mortgage is overdue by one day, you must first return the overdue money in time, and then call the bank staff to ask if there is a grace period for mortgage repayment. If there is no grace period for repayment, you should inform the other party of the reasons for overdue, and show the other party that it is not malicious overdue. It is best to let the bank issue a non-malicious overdue certificate to minimize the impact of overdue.
Second, if there is a grace period for mortgage repayment, it will not be overdue for one day. Users only need to pay attention to the timely repayment of subsequent mortgage loans, and don't always repay within the grace period.
If the mortgage is overdue for one day without grace period, then the user can only pay off the overdue money and keep a good repayment record for a long time, and the overdue record will be automatically eliminated after 5 years. The overdue record on credit information cannot be changed, so users must repay the loan on time during the period of using mortgage loan to avoid the influence of loans overdue on personal credit information.