1, entered the credit card blacklist, and subsequently a series of mortgage and car loans could not be processed. 2. There are overdue fines and high penalty interest. In the face of bank collection, traffic will be restricted and affected. 4. Repeated collection has the most serious consequences. If the amount is large, the bank will sue, and it will bear criminal responsibility. To sum up, the failure of credit cards and small loans means that overdue interest will be generated. In this case, as a party, it must be handled in time, otherwise it will bear legal responsibility. If it can be postponed, try to apply, so as to avoid interest loss. Therefore, the borrowed money must be repaid on time.

Legal objectivity:

Article 577 of the Civil Code: If a party fails to perform its contractual obligations or fails to meet the contract obligations, it shall bear the liabilities for breach of contract such as continuing to perform, taking remedial measures or compensating for losses. Article 675 The borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time. Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.