Legal analysis: Under normal circumstances, the loan interest may be higher during the overdue period, or there may be liquidated damages. If you don't repay the loan, the first thing you will encounter is high penalty interest. On top of the penalty interest, some financial institutions also require you to pay a liquidated penalty. These fees add up to a huge expense.

Legal basis: "Civil Procedure Law of the People's Republic of China" Article 255 If the person subject to execution fails to perform the obligations specified in the legal document, the People's Court may take action against him or notify the relevant unit Assist in taking measures such as restrictions on leaving the country, recording in the credit reporting system, publishing information on non-fulfillment of obligations through the media, and other measures prescribed by law.