1 will be threatened by malicious phone calls from the collection company, which will increase personal psychological pressure.
2. Overdue credit records will be uploaded to credit reporting agencies, which will have a negative impact on future applications for personal credit loans and mortgage car purchases. If you are not sure about your credit situation, you can check the credit data of your 100 banks, which come from more than 2,000 online loans and UnionPay platforms across the country. Just search: balloon inspection. Click "Query" and enter information, you can query personal credit status, and get various indicators to know your own online loan black index score, blacklist, online loan application record, application platform type, overdue, overdue amount, credit card and online loan credit estimated amount and other important data. In this way, we can grasp the personal credit situation in time, actively solve the overdue situation and improve the success rate of applying for loans.
3. If it cannot be repaid, the court may decide to recover the property or wages.
To sum up, you should carefully consider your financial situation and repayment ability before borrowing. If it is overdue, it should contact the lending institution in time to discuss the solution, and maintain a good credit record and interpersonal relationship.