What is overdue?

In finance, an overdue is a debt that has not been repaid by the agreed-upon due date. When a debt becomes overdue, the borrower may be charged late fees and may face additional penalties, depending on the terms of the loan agreement. Overdue debts can also have a negative impact on the borrower's credit score, making it more difficult for them to borrow money in the future.

Due vs Overdue

The main difference between due and overdue is timing. Due implies that something must be accomplished or completed by a predetermined time, whereas overdue means that it has exceeded the expected timeframe.

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