1. Late payment fee and penalty interest: the bank will charge late payment fee and penalty interest according to the number of days overdue and the amount owed. The longer the overdue time and the higher the amount owed, the higher the cost will be.
2. Credit record is damaged: overdue repayment will have a negative impact on personal credit record. The bank will report the overdue situation to the relevant credit institutions, which will lower your credit rating and have a negative impact on future applications for credit loans and housing loans.
3. Limit credit line and services: The bank may reduce your credit line or suspend some credit card services to reduce risks. This will affect your daily consumption and credit card use in emergencies.
Summary: Forgetting to repay for more than one week will lead to late payment fees and penalty interest, and at the same time have a negative impact on personal credit records. The bank may limit your credit limit and service, which will bring inconvenience to your daily consumption.
Extended information: According to the regulations of China Banking Regulatory Commission, the late payment fee for overdue repayment of credit cards shall not exceed five ten thousandths of the amount owed, and shall be accumulated according to the number of overdue days. The penalty interest is calculated according to the annualized interest rate, and the part exceeding 1% of the amount owed will be charged in proportion.
the above answer is based on the assumption that you forget to repay the loan for one week. The specific consequences may be different due to personal credit history, the amount owed and bank policies. In order to avoid the consequences of overdue repayment, it is suggested that you pay attention to the due date of the bill in time to ensure timely repayment or negotiate with the bank to make a reasonable repayment plan.