What happens if you buy a mobile phone in installments and don t repay it? Are the consequences seri

There are three consequences of not repaying a mobile phone in installments:

1. Poor credit history, resulting in low credit evaluation, will become a credit stain, bad credit will be uploaded to the personal credit system of the People's Bank of China, there will be stains on various systems across the country, and it will be impossible to apply for credit cards or loans in the future;

2. The bank will sue for repayment, and if it does not repay, the court will force the repayment.

3. If you use a credit card to pay in installments, there will be late fees, so you need to repay more and more money. If you still owe money, you will be notified to your family and friends, and then you will be called to the police and sued.

It is recommended that no matter what method you use to buy a mobile phone in installments, you must remember to repay the loan on time. The cost of not repaying is very large, and if necessary, you can tell your parents and friends not to carry it, so you should spend rationally in the future. They have many ways to get you to pay it back, including:

Door-to-door dunning, **harassment, verbal attacks, etc., any method that is not illegal but can torture you can be used. So don't owe money for small loans unless you have to.

If you don't repay the loan, it will definitely cause a low credit rating, firstly, the bank will sue you and force you to repay, secondly, you can't take out a loan to buy a house, buy a car and all advanced consumption within 7 years, and you can't use a credit card anymore, it is not recommended that you do this, now it is the credit market, and you can't do anything without credit.

Installment payment is a very popular way of consumption, and young people nowadays will choose to pay in installments when buying mobile phones, digital products, home appliances, and luxury goods. A mobile phone worth several thousand yuan is even higher than a month's salary, and if you choose to pay in installments, then you only need to pay a few hundred yuan every month. Installments are just to divide the entire amount into several installments, and interest is also calculated, so some users will not be able to pay it back, so what will happen if you buy a mobile phone in installments and don't repay it?

Is it serious? > debt repayment is a matter of course, installment is also a kind of credit, now there are a variety of channels to buy a mobile phone in installments, and the severity of non-repayment is related to the purchase channel.

1. Credit card

If you choose to buy a mobile phone in installments with a credit card, then the consequences of not repaying are more serious, once you do not repay within the time limit, then the penalty interest will be calculated on a daily basis, 5/10,000 per day, and it will definitely leave a bad credit record, affecting car loans and housing loans.

2. Installment platform

Now there are many platforms on the market that can pay in installments, such as installment music, orange installment, everyone's installment, fun installment, zero zero installment, etc., all of which can be ordered in **, installment payment, if you shop on these installment platforms, overdue and not repaid, you will receive a collection**, text message, calculate penalty interest on a daily basis, and some installment platforms will be credited, so it is more appropriate to repay as soon as possible.

3, Ant Huabei, Jingdong Baitiao, and willful payment

These are the more well-known products in the Internet platform to consume first and repay later, buy mobile phones in Jingdong**, **Tmall, Suning Tesco, and then pay in installments. If you do not repay the loan after installment on these platforms, not only will the penalty interest be calculated on a daily basis, but more seriously, it will affect your personal score, such as Sesame Credit Score, Jingdong Xiaobai Score, etc., and you will not be able to apply for related products in the future, such as borrowing and gold bars. In addition, many loan platforms need to authorize Sesame Credit Score, and if the score drops due to non-repayment, it will be difficult for other loan platforms to borrow again.

To sum up, buying a mobile phone in installments is just a matter of a few thousand yuan, don't lose a big one because of a small one, once you don't repay the loan on time, it will bring adverse consequences and become an online loan "loan user".

If you don't repay the loan, it will cause a low credit rating, firstly, the bank will sue you and force you to repay, and secondly, you can't take out a loan to buy a house, buy a car and all advanced consumption within 7 years, and you can't use a credit card anymore, it is not recommended that you do this, it is now the credit market, 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.

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 on 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, you 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.

If the credit card installment payment is overdue for more than 3 months, the credit card will be deactivated, and if it cannot be unfrozen, the credit card cannot be applied for for 5 years.

Generally speaking, each bank will charge a certain amount of interest for overdue repayment, which is different from bank to bank, and is generally 5/10,000 of the interest. However, the interest start date is calculated from the date on which the consumption is incurred, not after the last date of repayment. It is recommended that if you do not pay all the limit, you can repay the minimum payment first, which will not affect the credit limit, and there will also be a buffer period.

Extended information: Installment payments were developed after the Second World War. In the beginning, it was limited to the purchase of general daily goods or services. Later, with the rapid development of productive forces, the scale of industrial and agricultural production is expanding day by day, the required expenses are increasing, coupled with the development of bank credit, the field of installment payment has expanded to the purchase of large-scale machinery and equipment and raw materials by enterprises.

With the improvement of China's financial services and the change of people's consumption habits, the installment consumption that is popular abroad has been introduced into China and quickly recognized by domestic consumers. Spending in installments is usually young people who have poor current payment ability but have spending needs.

The legal liability for the default of mobile phone installment payment and the impact on credit records is particularly important in developed countries, as follows:

According to the Contract Law of the People's Republic of China:

Article 107: If one of the parties fails to perform its obligations or the performance of its obligations does not conform to the agreement, it shall bear the liability for breach of contract such as continuing to perform, taking remedial measures or compensating for losses.

Article 111: If the subject matter does not conform to the quality agreement, it shall bear the liability for breach of contract in accordance with the agreement, and if there is no agreement on the liability for breach of contract or the agreement is not clear, it cannot be determined in accordance with Article 61 of this Law, the injured party may, according to the nature of the subject matter and the size of the loss, reasonably require the other party to bear the liability for breach of contract such as repairing, redoing, replacing, reducing the price, and compensating for losses.

Article 112: If one of the parties fails to perform its obligations or the performance of its obligations does not conform to the agreement, and the other party has other losses after continuing to perform or taking remedial measures, it shall compensate for the losses.

Article 155: If the subject matter delivered by the seller does not conform to the agreement, it shall bear the liability for breach of contract in accordance with Article 111 of this Law.

Article 167: If the buyer who pays in installments fails to pay one-fifth of the total price due, the seller has the right to demand that it pay the entire loan or rescind the contract.

If the seller rescinds the contract, it has the right to require the buyer to pay the applicable fee for the subject matter.

To sum up, if the quality of the subject matter does not conform to the agreement, the buyer has the right to require the seller to bear the liability for breach of contract in accordance with the agreement, and if there is no agreement on the liability for breach of contract or the agreement is not clear, it is still uncertain in accordance with article 61 of this Law, the injured party may, according to the nature of the subject matter and the size of the loss, reasonably require the other party to repair, redo, replace, reduce the price or compensate for losses.

If the buyer fails to pay the price due in installments as agreed, the seller generally has two principles of disposition:

1. If the buyer continues to perform the installment payment agreement, in view of the buyer's failure to pay the price within the agreed period, it shall pay liquidated damages, and if there is no agreement on the liquidated damages or the agreement is not clear, it may pay the losses caused by the delayed payment to the other party according to the bank's interest rate for the same period.

2. If the buyer who pays in installments breaches the contract and fails to pay one-fifth of the total price, the seller has the right to require it to pay the full price or terminate the contract to recover the subject matter, and at the same time require it to pay the cost of using the subject matter.