As an important financial expense, mortgages are a very burdensome and time-critical matter for the purchasers. However, it is also more common that people sometimes miss repayment time for negligence or for various reasons. What would happen if the mortgage forgot it was a day late? This paper will analyse this issue from several angles。

I forgot to save the mortgage. A day late

First, from a bank ' s point of view, one day of late repayment of a mortgage may lead to an increase in the overdue rate. Banks usually have a “no later than the date of repayment” in their operating regulations, which may be counted as overdue even if only one day has elapsed, so that they can collect overdue customers after the delay and impose interest rates in accordance with certain rates. On the other hand, in the event of a malicious default, the bank will have an impact on the credit of the client。

Second, in terms of personal credit, late records can also have an impact on personal credit when the mortgage is kept one day late. This impact may be repeated when late records appear, which has a considerable impact on individuals ' credit records. Therefore, in our daily lives, we should attach great importance to the repayment time of the mortgage, so as not to forget the situation of the deposit。

Finally, as home buyers, what should we do when the mortgage forgets that the deposit is a day late? If this was the first time that an overdue situation had occurred, the main task would be to pay back the arrears as soon as possible and to deal with them properly. The relevant bank staff can be contacted for overdue cases and for possible fines. Once the arrears have been paid, it is necessary to check whether their personal credit records have been recorded and, if necessary, to appeal to credit institutions。