If you can't pay your Soscredit loan on time, you may face some consequences. You will be charged a penalty fee of 1% per day of the overdue amount. You will also receive reminders via SMS, email or phone call. If you still fail to repay your loan, your credit history may be affected and you may be reported to the credit bureau. To avoid these problems, you should contact the company as soon as possible and request an extension or a restructuring of your loan.