Hello, first of all, if it is overdue, it will affect your credit information according to the length of time. If it is seriously overdue (more than 90 days), the credit investigation is a black account, and you can't apply for any loan business before paying it off. Secondly, it will cause additional expenses such as liquidated damages and overdue interest. It is nothing new that the final interest is greater than the principal for a long time. Please be careful.

What are the consequences of the loan money?

1. If it is really unable to repay, it shall negotiate with the lending institution to extend the repayment period or repay by installments.

2. If the lending institution fails to perform the court's judgment within the performance period after suing the court and winning the case, it will apply to the court for enforcement.

3. When accepting enforcement, the court will inquire about the real estate, vehicles, securities and deposits in the name of the lender according to law.

4. If the lender refuses to perform the effective judgment of the court because there is no executable property under his name, negative information such as overdue repayment will be recorded in the personal credit report, which will restrict high consumption and entry and exit, and may even be punished by judicial custody.