Bank of China reminds that your housing mortgage loan with the tail number of 4 180 was overdue on February 20th due to insufficient repayment account balance, and we will report it to the credit reporting agency. Don't worry too much, this kind of information has no consequences.

The banking system is calculated according to the time of the contract. As long as the receiver doesn't say that it will default, the banking system won't record your credit problems.

If the repayment is overdue, the banking system will automatically generate additional value-added repayment for the late payment fee, that is to say, in addition to the normal deduction, the compound interest generated by the interest during the overdue period will be calculated and paid back together.

When it's over, it won't affect your credit history and there won't be any consequences. Remember to pay it back in advance next time, but it is not compound interest.