How to cancel monthly installments?

There is no way to cancel the monthly installment. It is compulsory to make monthly installments by calling customer service for processing.

The monthly installment is a private transfer, forcing the next payment. After the next payment, the other party will lose contact, and then contact the victim for repayment after the loan expires, creating the illusion of overdue and demanding high amounts. Interest. Darknet loans are operated by overseas criminal gangs. It is difficult for domestic police to deal with such overseas crimes. Darknet loans cleverly take advantage of the curious nature of the public, using the guise of measuring limits, zero interest rates, and giving gifts to trick victims into downloading registered applications. , steal important information from your phone.

Instalment payment is actually a loan provided by the seller to the buyer. The seller is the creditor and the buyer is the debtor. The buyer can obtain the required goods or services after paying only a small part of the payment. However, because future installment payments include interest, the amount paid for the same goods or services by installment payment is higher than that of a one-time payment. The payment for goods is more.

The installment payment method was developed after World War II. At the beginning, it was limited to the purchase of general daily commodities or services. Later, with the rapid development of productivity, the scale of industrial and agricultural production expanded day by day, and the required expenses increased. In addition, with the development of bank credit, the field of installment payments expanded to include companies purchasing large machinery, equipment and raw materials.

With the improvement of China's financial services and changes in people's consumption habits, installment payment consumption, which is popular abroad, has been introduced into the country and has been quickly recognized by domestic consumers. Those who consume through installment payments are usually young people who currently have poor payment ability but have consumption needs. The products they consume are usually laptops, mobile phones, digital products, etc.

Instalment payment options are usually offered jointly by banks and installment payment providers. Banks provide consumers with personal consumption loans equivalent to the amount of goods purchased. Consumers use the loans to pay suppliers. At the same time, suppliers provide guarantees to consumers and assume irrevocable joint liability for debts. Young people who use installment payment methods are often called "installment people".