What does installment credit mean?

Installment loan refers to the installment repayment of loans applied by users. This kind of loan has a fixed repayment date, and users need to repay it on time every month. The advantage of installment loan is to spread the repayment pressure to every month, but due to the extension of repayment period, it is impossible to judge whether users can insist on repayment. Of course, each repayment method has advantages and disadvantages. _ For example, if the user has a strong repayment ability, he can choose to repay the principal and interest in one lump sum, while the user has a general repayment ability, which is more suitable for installment repayment.

Overdue installment payment will have the following consequences: (1) loan collection users; Overdue records and overdue interest will be generated after overdue; Overdue records will affect personal credit information; Overdue status will make it impossible to handle other credit business; If you don't repay for a long time, your relatives and friends may receive a call for collection; Lenders may sue users. _ Therefore, the impact of overdue payment after installment payment is greater. Users must repay on time on the repayment date to avoid overdue, and repay as soon as possible after overdue to reduce the negative impact of overdue records.

Installment loan App

1. Safe little orange blossom:

Ping An Consumer Finance Platform was launched, with a credit line of1-200,000, users aged between 22 and 45, stable jobs and income sources, and good credit information.

2. Gome Easy Card:

For products of Gome Financial Platform, the credit line of loans is between 1000- 15000 yuan. If it is fast, it only takes 5 minutes to review the loan. Applicants need to be between 18-45 years old.

3. Borrow flowers:

For products of Ctrip Finance, the credit line is between 5 million and 200,000, and the loan term is 1- 12 months. Users are 22-55 years old, register on the platform and fill in the information to apply.

4. Comfortable flowers:

For financial products that can be consumed immediately, the credit line is between1000-200,000, and the loan period is 1- 12 months. The applicant's user must be 18-55 years old, have completed real-name authentication before applying for Anyihua, have a stable job and good credit information.

5. Take money and spend it:

Under Zhongyuan Consumer Finance, the credit line is between 1 1,000-200,000, and the loan term is 1- 12 months. Users need to be 20-50 years old and provide ID cards and bank cards.