What should I do if I can t pay in installments?

In today's society, more and more people choose to consume ahead of time. What is advanced consumption? To put it simply, next month's money, spend this month, and wait until next month to pay it back.

Huabei, which we are all familiar with, belongs to advanced consumption. The word installment will also be involved here, and now many people will choose to pay like this when they buy some more expensive things, so that there are many benefits of payment, you only need to pay a very low down payment, and then repay the loan on time every month. Of course, there will often be such a situation, but the installment payment is not paid in the end, so what should I do if there is such a situation?

For example, many people now buy cars in installments, which can ease the financial pressure. For example, if a car is 150,000 yuan and you make a down payment of 50,000 yuan, it is equivalent to a loan of 100,000 yuan from the bank, which will be repaid in three years, and about 3,000 yuan will be repaid to the bank every month. If you really can't pay it back, the bank will take back the loaned vehicle and auction it through the court.

Of course, your credit will also be blacklisted. After that, if you want to take out a loan to buy something, it will be very difficult. Now buy things online, and also support installment payment, but the amount is not very large, and you also need to repay at a fixed time every month, if you can't pay it back, it will incur overdue interest, but your credit will also deteriorate.

In this society, credit investigation is very important, and if you are blacklisted by the bank, the consequences are quite serious. Like many now"Lai"It is because they do not repay the loan from the bank, and they will be restricted from traveling, taking trains, planes and other means of transportation. <>

In the beginning, everyone's credit system is a blank slate, but if we don't follow the rules well, the blank slate will quickly turn black. We should understand the importance of credit reporting, which can be used in many aspects in the future.

We also have to change our consumption concept, how much money we have to buy as many things, if we really want, then work our own, don't let an item fall in installments, and in the end we can't repay it.

You can consider borrowing money to repay the installment, because if the installment is not repaid, it will affect personal credit and have a great impact on life.

If you don't pay back in installments, you will be penalized until you can pay it back, and you can't use installments anymore.

It will increase the liquidated damages, which will be included in the bad credit record, and the credit will be reduced. And there are lenders to recover the collections.

Legal analysis: Failure to repay the loan on time after installment payment may cause the following consequences: 1. Failure to repay the loan in installment consumption will affect the credit of the individual and cause credit stains.

Legal basis: "Several Provisions of the Supreme People's Court on the Publication of Information on the List of Judgment Defaulters" Article 1: Where persons subject to enforcement fail to perform the obligations set forth in effective legal documents, and have any of the following circumstances, the people's courts shall include them in the list of judgment defaulters and give them credit punishments in accordance with law: 1. Refusing to perform the obligations set forth in effective legal documents despite having the ability to perform; 2. Obstructing or resisting enforcement by means such as fabricating evidence, violence, or threats; 3. Evading enforcement by means of false litigation, false arbitration, or concealment or transfer of property; 4. Violating the property reporting system; 5. Violating the order to restrict the consumption of cherry blossoms; 6. Refusal to perform on the enforcement of the settlement agreement without justifiable reasons.

If you don't repay the loan, you will have a low credit rating, firstly, the bank will sue you and force you to repay the loan, and secondly, you will not be able to take out a loan to buy a house, a car and all advanced spending for 7 years.

You can't use a credit card anymore, it's not recommended, it's the credit market right now, and you can't do anything without credit.

Mobile phone installments, there will be no consequences:

1. Bank credit card installment.

Make credit card installments, often interest-free, as well as on the official website. In front of the stool.

You must pay a certain amount of money on time every month, such as the 128GB iPhone 7 Plus

The original price is 7188 yuan, and it needs to be changed to 599 yuan every month for 12 months.

Regular bank credit card repayment.

It is closely related to personal credit, and if you are late or refuse to make repayments, your credit history will be tainted. In the future, if you want to take out a loan to buy a house or a car, other banks will refuse to give you a loan if they see a default record in your credit record.

If the default amount is large, you will also be sued by the bank to the court to forcibly auction your personal property for repayment. If your personal property is not enough to repay the loan, you will be listed as a "judgment defaulter" and you will be prohibited from spending highly.

After being on this list, Zao Yanqing can't take a plane or high-speed rail, and don't expect to travel abroad.

So if you buy a mobile phone in installments with a credit card, you must remember to repay it on time, although the bank's means of dunning are relatively gentle, there are also a hundred ways for you to repay the money.

2. Installment of online **.

For example, Jingdong Baitiao.

and ant Huabei. Many netizens, especially students who do not have a job, cannot apply for a credit card, but if they have a bank card, it is relatively easy to open JD Baitiao and Ant Huabei.

JD Baitiao may not be on the credit record if it is overdue, but JD will call the contact person of the delivery address you used to use ** and tell them that the money you owe JD will not be repaid.

If you've ever used your JD to buy things for friends and family, they'll all know that you're an old man, and it's hard to borrow money from friends in the future.

If you don't pay back the money of Ant Huabei, Alipay's Sesame Credit.

It's going to be very low.

Ant Huabei can also contact the ** number of your relatives, friends or colleagues you have used, tell them that you owe money and do not pay it back, and ask them to persuade you to pay back the money.

In addition, Ant Huabei is also associated with credit reporting, and failure to repay the money beyond a certain period of time will also leave a credit stain. It will be very difficult to buy a house or sell a car in the future.

This situation is called a supply outage, and it cannot be said that it is very common, but it is relatively speaking.

As for the results, there are two main points.

One is that the other property rights of the house are in the hands of the bank, so in the event of insolvency, the bank will apply for an auction of the property to recover the loan, and the remaining excess will be owned by you after the loan is paid off. However, it is generally auctioned first, and then the price is reduced, so it is basically impossible for the house to be sold according to the market, so you don't have much money to take after paying off the loan.

The second consequence is that you will lose the down payment you made to buy a home, which should be considered. Once the payment is broken, it means that the down payment is lost.

I don't think anyone wants to lose their down payment for nothing, even if they have to. Therefore, it is recommended that you find an agent and entrust them to operate on your behalf and help you sell the house. Although it costs tens of thousands of dollars, it is much more cost-effective than directly cutting off the supply and losing the down payment.

The minimum down payment for a new home is 30%, which depends on the financial ability of the buyer, and it is better if you can pay in full, but it is not up to the developer. If you can't afford to pay in full, you generally choose to take out a bank loan, a monthly mortgage, the more you pay the down payment, the less the loan, the shorter the repayment time, and the smaller the interest.

Second-hand homes are generally a minimum down payment of 20%.

Summary. Hello, ask for help from friends and family.

If you have a credit card installment and can't afford to repay it, it's best to confess to your family and ask for help to see if you can borrow money and then apply for an early termination of the installment. Pay off the instalment as soon as possible, and then increase your income by working to repay your friends and family.

What should I do if I can't pay in installments?

Hello, you can't get anything on the installment here.

Hello, ask for help from friends and family. If you have a credit card installment and are unable to repay it, it is recommended that you confess to your family and ask for help to see if you can borrow money, and then apply for early termination of the installment. Pay off the instalment money as soon as possible, and then increase your income by pretending to be a worker, and repay it to your friends and family.

If you have any other questions, please continue to contact us.

It's just that it can't pay the money, it doesn't involve a criminal offense, and it won't be investigated for criminal responsibility. However, it is recommended to repay the loan aggressively, and if you are sued, you will incur liquidated damages, penalty interest, etc. If the installment is not repaid, it is recommended to repay the arrears as soon as possible, resulting in serious overdue will face:

1. Bear high overdue fees. For overdue fees, different online lending platforms have different names and different charging standards. Whether it's called overdue penalty interest, overdue management or other various names, the fees are very high.

Therefore, if you have the ability to repay the loan on time, you should never overdue.

Withstand the fancy collection of the platform. If it is overdue for a long time, the platform's customer service will seriously warn that it will face serious consequences if it is overdue; After a long time of overdue, the platform no longer persuaded each other and began to take practical action. The credit of the People's Bank of China produces stains.

At present, most online lending platforms have not yet been connected to the credit information system of the People's Bank of China, but access to the credit information of the People's Bank of China has become an inevitable trend. In the future, if the online loan platform fails to repay the loan overdue, it will be recorded in the credit information system of the People's Bank of China in the same way as bank loans and credit card overdue, resulting in credit stains. If the previous consequences are just disgrace, then the stain on the credit will affect the actual life, if you want to buy a house, you can't get a loan, you can't get a mortgage if you want to buy a car, and so on.

The defendant goes to court. After the loan is overdue for a long time or deliberately does not repay, and the amount exceeds 2,000, it can already constitute a crime of fraud, and there is a risk of being sued by the online loan platform in court. Once the court rules in favor of the online lending platform, the borrower will have to pay the litigation costs and huge fines of both parties in addition to the amount that needs to be repaid, and even face jail time.

Finally, it is recommended that you repay the loan as soon as possible, or you can negotiate with the creditor to reduce the repayment amount of each installment to ensure that the repayment is made on time.

Extended information: Late instalment payments do not fall within the scope of civil litigation, and under normal circumstances, you will not go to jail. If the creditor files a lawsuit with the court and applies for a payment order to require the debtor to perform its obligations, and the debtor fails to perform its obligations within the specified time limit, the creditor may apply to the court for compulsory enforcement.

The legal basis involved: The Civil Procedure Law of the People's Republic of China stipulates as follows: 1. Article 214 If a creditor requests the debtor to pay money and valuables, it may apply to the basic people's court with jurisdiction for a payment order if the following conditions are met:

1) The creditor and the debtor have no other debt disputes;

2) The payment order can be served on the debtor.

The application shall clearly state the amount of money or valuable ** requested, the facts and evidence of the ridicule.

Legal analysis: 1. Penalty interest and liquidated damages. The amount of penalty interest is related to the overdue time, and the longer the time, the higher the penalty interest amount.

In addition to penalty interest, there is also the possibility of paying a non-standard penalty and a stain on the credit record. In this credit society, the credit record is networked nationwide, once the credit record is tainted, whether you want to take a loan to buy a house in Bu Nahu in the future, buy a car or apply for a credit card, credit loan or other places that need to show credit records, you are likely to be rejected by the borrower, Min Ying When the amount owed is large, you may also be sued to the court to repay the arrears by auctioning your real estate or other property.

Legal basis: Article 50 of the Labor Law of the People's Republic of China Wages shall be paid to the worker in the form of money on a monthly basis. Wages shall not be deducted or unjustifiably delayed. The parties are requested to verify and confirm on their own in accordance with the actual situation and relevant legal provisions.