Late fees and penalty interest will be incurred after the installment payment of mobile phones is overdue, and the installment business will be terminated if the time is too long. And negative information such as overdue repayment will be recorded in the personal credit report. This situation will not be prosecuted.

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 also be fined not less than 20,000 yuan but not more than 200,000 yuan.

Extended data:

It is suggested that if the total amount is not repaid, the minimum repayment amount can be repaid first, without affecting the credit line. At the same time, there will be a buffer period, so that the bank can know the flow of funds in your account in time and will not freeze the account.

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. It is suggested that if the total amount is not repaid, the minimum repayment amount can be repaid first, without affecting the credit line. At the same time, there will be a buffer period, so that the bank can know the flow of funds in your account in time and will not freeze the account.

At present, credit records are kept for five years. After paying off the credit card debt, anyone can start building a credit record again and start again.

What should I do if I buy a mobile phone in installments for three or four years? Will I go to jail?

To be clear, even if you buy an expensive mobile phone, according to the truth, the most expensive mobile phone you buy around 20 18 will cost more than 8,000, even if it is overdue.

Moreover, even if it was a formal online loan installment at that time, the maximum interest would not exceed 15%, which is protected by law, which means that your three-year period is 45%, and at most it is a contract trade dispute of more than 10,000 yuan.

This dispute is actually a normal economic dispute, not a criminal case, but a civil case and an economic dispute, and no criminal punishment will be imposed.

But this kind of economic dispute can easily cause your credit blacklist, which means you will have some overdue records. If you record your tone, it will greatly affect your personal life. For example, after handling this overdue record, you cannot apply for any credit card or loan for five years. It is your right to spend in advance, which has been cancelled.

Then if it is more serious, it may be blacklisted, which means it will limit high consumption. This is more serious, that is, flying, a five-star hotel. You can't even take the high-speed rail or anything. This has a great impact on life, and even your children's enrollment will be restricted. So if this amount is not a big economic dispute, I personally think it can be handled as soon as possible. But the only certainty is that there is no criminal punishment involved.

What's the impact of three years overdue installment shopping?

Have a great influence.

1, late fee. According to the customer service in the future installment, if it is overdue, a late fee will definitely be charged on a daily basis, generally calculated at 0.05% of the unpaid amount. The calculation formula of late payment fee for future periods = current repayment amount * overdue days *0.05%. It can be seen that the late payment fee is still relatively high.

2. Credit report. Whether the next installment will be collected depends on the lender's analysis. If the employer is a new network bank, the small partner will definitely collect the overdue behavior at the meeting, but if it is a loan platform, it will generally not be collected. Once reported to the credit bureau, it will have a great impact on our future financial business.

3. Reduce the sesame credit score. It is reported that there will be cooperation with Alipay in the future. Once overdue, it will definitely leave a negative record, which will lead to a decrease in the borrower's sesame credit score. Only after the borrower repays the loan, it is possible to delete the negative record by providing the corresponding repayment information and sending it to the official mailbox.

4, burst the address book. Once the installment is overdue, the borrower will generally be collected by SMS, telephone, etc. According to some users' feedback, the next issue will explode the address book. For us, our daily life will be greatly affected, even our personal reputation will be affected. So remember to repay on time, and don't be overdue.

If the credit card is overdue for three years, the bank will not collect it or prosecute it. There must be reasons for this, but the following reasons cannot be ruled out:

The first point: your credit card limit may be very small. After the first month of bank collection, you didn't pay back. The next month, you still didn't return it. At this time, the bank will hand over these collection notes to a third party for collection!

The second point: Credit card users have completely changed their personal information. The bank can't contact the credit card user. When they go to the bank to apply for a credit card, they will record their personal information, such as ID number, name, telephone number, home address and so on. However, due to the long opening time of credit card accounts, in the past ten years, the information left by credit card users in the bank has expired, the telephone has been changed, and even the home address has moved, and the banking system is full of useless information.

When this credit card is overdue, the dunning information and telephone number sent by the bank can't even contact the customer when the bank comes to the door. Moreover, the customer did not take the initiative to contact the bank, so he ignored the overdue credit card and let it go. So if this happens, the bank can't contact the customer, and the customer doesn't take the initiative to contact the bank for repayment. This overdue payment will be directly accumulated year by year.

The third point: the bank sued you, but when the summons was served, there was no one here, or you had moved out of your residence, which may also lead to the summons not being served. Since you haven't received it yourself, the bank can only treat it as a bad debt. But if it is overdue, it will produce bad debts, which is darker than overdue. Bad debts must be repaid. Overdue records shall be kept for five years.