What if we do it in stages?

With people's consumption concept becoming more and more advanced, the monthly income can no longer support other large-scale consumption outside of daily life, and loans have become the choice of most people. At present, there are many ways to borrow money, besides common bank loans, there are also local small loan companies, among which installment payment is the most popular. So, today, let's analyze what will happen if there are no stages. What's the impact of future installment: 1 Leave a bad credit record. Once it is overdue, it will leave a negative record, which will also reduce the sesame credit score. If loans overdue doesn't pay it back, the most obvious impact is that his personal credit will be tainted, and if he wants to borrow money to apply for a credit card, it will also be affected. There will be a penalty interest, which will not only leave a bad credit record, but also generate a penalty interest, and the penalty interest amount is large. The customer service by installment clearly stated that overdue repayment will be subject to a late payment fee of 0.05% of the unpaid amount. 3 The impact on credit reporting depends on the lender in future stages. For example, the employer is a new network bank, and it will go to the credit after the deadline. If it is a loan company, it will not go to the credit. 4. Burst the address book. Once overdue, it will be collected by SMS, telephone, etc. According to the feedback from other users, the address book will also explode in the next issue. If you don't pay the arrears in installments in the future, the borrower will not only face overdue interest and be collected by the lending institution, but also affect personal credit information. If the circumstances are serious, it may be sued by the lending institution. So in order to avoid unnecessary trouble, I suggest you develop a good repayment habit. If you really can't repay, remember to find a platform to negotiate and solve it.