1, overdue penalty interest: according to the loan contract, overdue repayment will generate penalty interest. The calculation method of penalty interest can be calculated on a daily basis or on a monthly basis, depending on the contract. The longer the overdue period, the more penalty interest will accumulate.

2. Credit record damage: overdue repayment will have a negative impact on personal credit record. This will make individuals face higher interest rates, stricter approval conditions and even rejection when applying for financial services such as loans and credit cards in the future.

3. Collection action: Borrowing institutions can adopt various collection methods, including telephone collection, door-to-door collection and legal proceedings. These collection behaviors may bring harassment and pressure to individuals, and even bring inconvenience to personal life and work.

4. Legal risk: If the legal consequences of overdue repayment are clearly stipulated in the loan contract, individuals may face the risk of legal proceedings. Once the borrower files a lawsuit and wins, the individual may have to bear higher liquidated damages and litigation costs.

To sum up, overdue repayment will lead to penalty interest, credit record damage, collection action and legal risks. Therefore, it is suggested that borrowers should communicate with lending institutions in time when they encounter repayment difficulties and seek solutions to avoid the adverse consequences caused by overdue repayment.

When many people apply for online loans, they are told that they have become black households because of insufficient comprehensive scores. If it is not the illegal households caused by overdue, you need to find other reasons. For example, is it caused by the high frequency of online loan applications? You can find your own unclear place in "Zhihu Check". As long as you understand the reasons for becoming a black household, you can improve online loan big data according to the situation.