You bought your mobile phone through a credit card activity loan, right? It is recommended not to default. Because this will not only have a high late fee. This late payment fee is related to the remaining principal. At the same time, because interest will be generated every month, if the payment is delayed, the money will also generate corresponding interest. The extra money will be deducted. Therefore, delaying repayment does more harm than good.

Second, what are the consequences of buying a mobile phone loan?

Legal analysis: the consequences of not repaying the loan debt are:

1, bear overdue interest;

2. Lender;

3. Those who still don't repay after the judgment will be included in the list of dishonesty and limit high consumption.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 675 The borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.

Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.

Third, what will happen to mobile phone loans?

Generally speaking, institutions that can provide online loans need a real-name registration system, such as Alipay's loan JD.COM Gold Bar. They all apply for the financial license of the central bank. If you don't pay it back, your personal credit will not be blacklisted after it has entered the national central bank's credit information system. It is best to return it in time.