1. Generate overdue penalty interest: If the lotto card bill is not paid within the time limit, it will generate overdue penalty interest. For specific financial institutions or service providers, the calculation method of penalty interest may be different, but it is usually calculated according to the number of overdue days and the amount owed. Overdue penalty interest will increase your repayment burden.
2. Damaged credit record: Failure to pay the lottery card bill within the time limit may have a negative impact on your credit record. Financial institutions or service providers may submit your overdue records to credit reporting agencies, which will lead to a decline in your credit rating, thus affecting your future loan application and credit card application.
3. Faced with the pressure of collection: if the lotto card bill is overdue, financial institutions or service providers may collect it by telephone, SMS, email, etc. It will bring some pressure and trouble to your life and work.