Will installment loans in Rongyi affect my future loans?

No impact. There will be consequences if the repayment is overdue. The consequences of non-payment of Rongyi installments:

1. Charge penalty interest. After the payment is overdue, Rongyi Installment will charge higher penalty interest and late fees.

2. Impact on credit reporting. The borrower's overdue behavior will be reported to the credit reporting system, and bad credit reporting records will affect the borrower's subsequent credit business processing.

3. Multiple methods of collection. After the due date, Rongyi Installment will make multiple collections through text messages or phone calls.

4. Borrower blacklist. They will be blacklisted by Rongyi Installment and cannot apply for loans through the platform.