If the training institution fails to repay the money in installments, it will generate late fees and penalty interest. If the time is too long, the installment business will be terminated. Previous consumption is treated as overdue payment, which will result in overdue payment and penalty interest, and negative information such as overdue payment will be recorded in personal credit report. Negative information such as overdue repayment is not always recorded in personal credit report. There are often some overlord clauses in the agreements of training institutions.

Legal analysis

Whether it constitutes a criminal offence and whether you will go to jail depends not only on the time of arrears, but also on the principal amount of credit card arrears. If the amount of principal owed reaches more than 1 10,000 yuan, and it has not been returned for more than 3 months after being collected twice by the issuing bank, it should be considered as "malicious overdraft" in criminal law and suspected of credit card fraud. According to the law, he shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall be fined not less than 20,000 yuan but not more than 200,000 yuan. If the amount of malicious overdraft is large, and all overdraft interest has been repaid before the public security organ files a case, and the circumstances are obviously minor, criminal responsibility may not be investigated according to law. Studying in an institution can't be paid in one lump sum, so choose a loan institution to repay it in installments. The loan company will pay the tuition fee in full to the training institution, and the training institution will have a loan relationship with the lending institution after receiving the money and agreeing to study. Bear the responsibilities agreed in the contract. Students have the right to give up their studies. Training institutions stipulate in the contract that the fees cannot be refunded by "format clause" and "overlord clause". There can be an agreement between the training institution and the trainees, but the agreement cannot violate the relevant laws and regulations. Students or parents can provide payment basis and written materials to coordinate the refund.

legal ground

Article 634 of General Principles of Civil Law of People's Republic of China (PRC) * * * If the buyer of installment payment fails to pay one fifth of the total price, and fails to pay the price within a reasonable period after being urged, the seller may require the buyer to pay the full price or terminate the contract. If the seller terminates the contract, it may require the buyer to pay the fee for the use of the subject matter.