Excuse me. No, what else will happen?

First of all, failure to repay on time will affect personal credit records, which may lead to a decline in credit rating, thus affecting future financial activities such as loans and credit card applications. Secondly, the loan will not lead to overdue fees, and the bank will calculate the fees generated by the unpaid amount according to a certain overdue interest rate, which will increase the economic burden of the borrower. Finally, non-repayment of loans may lead to collection behavior, and banks have the right to take legal measures to collect the outstanding funds of borrowers, such as entrusting professional institutions to collect them, or even taking legal measures. Generally speaking, borrowing money will not only affect the credit record, increase the economic burden, but also lead to collection behavior.

Detailed description:

1. Credit record is damaged: the loan amount is determined according to the personal credit rating. If the repayment is not made on time, the bank will submit the overdue records to the credit reporting agency, and the personal credit rating may decline. The decline of credit rating will make it difficult for financial activities such as loans and credit card applications in the future, or it will be necessary to pay higher interest.

2. Generate overdue charges: The bank will calculate the overdue charges of the outstanding loan amount according to a certain overdue interest rate, which usually includes penalty interest and late payment fee. The generation of overdue fees will increase the repayment pressure of borrowers, and may even lead to continuous overdraft and fall into a vicious circle.

3. Emergence of collection behavior: The bank has the right to take a series of collection measures such as telephone collection, SMS collection and letter collection to recover the unpaid amount of the borrower. And even entrust a professional organization to collect. In extreme cases, banks may also take legal proceedings and other means to recover debts, which will further increase the economic pressure on borrowers.

Extended data:

It is worth noting that borrowing it may lead to some other consequences. For example, after overdue records are recorded by credit reporting agencies, it will have a long-term impact on personal credit rating. Non-repayment may also lead to debt disputes. If the repayment agreement cannot be reached, the bank may take legal measures to solve the problem, and the court will decide, which may involve procedures such as asset freezing and auction. In addition, borrowing money may also bring certain personal safety risks to individuals, because banks may take various means to recover debts.

To sum up, borrowing money will not only lead to damage to credit records, increase overdue fees, but also lead to collection behavior. In order to maintain the personal credit record, reduce the economic burden and avoid the occurrence of collection behavior, it is suggested that the borrower should repay in strict accordance with the contract requirements to ensure timely repayment and avoid unnecessary consequences.