Legal analysis: Hui Jin installment is a kind of online loan. If it is not returned in time, it will be continuously collected, seriously affecting normal daily life. In addition, if it is maliciously not paying back the arrears, it may affect the credit record and online loan big data. In the later period, it is difficult for both banks and online lending platforms to borrow money. If the amount owed is relatively large, it may be brought to court and the court will enforce it.

Legal basis: Article 6 of "Several Opinions of the Supreme People's Court on People's Courts Handling Loan Cases" can be higher than the bank's interest rate, and local people's courts can specifically grasp it according to the actual situation in the region, but the maximum shall not exceed 4 times (including interest rate) of the bank's similar loan interest rate. Beyond this limit, the excess interest will not be protected.