Repay as soon as possible. Buying a mobile phone by installment is overdue, which is actually loans overdue. If the loan platform applied by the debtor is not connected to the central bank's credit information system, it will not cause any adverse effects if it is overdue for three days, and at most it needs to pay some penalty interest or liquidated damages. After overdue, the debtor should immediately make up the arrears and then call the lending institution to show that he is not maliciously overdue.

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Credit investigation includes personal credit and enterprise credit. Of course, there are also government credit reports, but they can be ignored.

Enterprise credit investigation refers to the comprehensive evaluation of credit ability (mainly solvency and solvency degree) of enterprises, bond issuers, financial institutions and other market participants on the basis of analyzing and studying their credit records, operating level, financial situation, external environment and other factors. Formally, enterprise credit investigation is a comprehensive analysis and measurement of performance ability and its reputation, and it is an indispensable intermediary service in the market economy system.

Personal credit investigation refers to the activities of personal credit investigation institutions established according to law to collect and process personal credit information and provide personal credit information inquiry and evaluation services according to the requirements of users. Personal credit report is a personal credit history record provided by a credit reporting agency to legitimate information inquirers after processing and sorting out the information collected according to law.

Overdue generally refers to failure to perform corresponding obligations or responsibilities beyond the agreed time, such as failure to repay within the agreed repayment period after borrowing, failure to pay taxes and fees in full before the prescribed time limit, etc. Overdue repayment refers to the situation that the final repayment period stipulated by the bank is exceeded and the consumption money is not deposited in the designated account in full and on time. Overdue will generate interest, affect the credit, and will be severely punished in prison.

Credit cards have two concepts: billing date and repayment date (also known as the last repayment date). Bookkeeping date is the date of transaction settlement in a bookkeeping cycle, and repayment date is a repayment cycle. Because you can't get back in touch with customer service, it doesn't rule out that you misunderstood the customer service staff's explanation or that the customer service staff's statement was unclear or even incorrect.

The repayment date is mainly used by banks to judge whether the cardholder has a malicious overdraft tendency and judge the cardholder's economic situation. Therefore, repayment after the last repayment date will inevitably lead to overdue records. Whether this record can be changed from the central bank requires further consultation between you and the issuing bank.

What are the consequences of not paying back on time after buying a mobile phone in installments?

1. There will be penalty interest. You can apply for deferred repayment and minimum repayment first, but there will be corresponding late fees and interest.

2. Bad credit records will also lead to low credit evaluation and make it difficult to enjoy preferential loan interest rates. High-quality borrowers with good credit are more likely to get loans with lower interest rates. If the borrower suffers credit damage due to loans overdue, even if he gets a bank loan, it is difficult to achieve a lower loan interest rate.

3. If the overdue period exceeds 90 days and the circumstances are serious, the bank will publish the ID number and overdue information in the media or inform the work unit. In case of malicious default or intentional default, the bank will.

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Suggestions on installment payment

Find out the scope of installment payment. Banks have different ways to pay by installment. In addition to the goods in the credit card installment catalogue, some banks have specific requirements on the place and amount of purchase. For example, GDB card, you can apply for installment payment for a single transaction in 500 yuan, and you must call customer service to register before consumption; China Merchants Bank can apply for installment payment for consumption in Gome, B&Q and other places. It is important to find out whether this consumption can be paid in installments before shopping.

Accurately calculate the handling fee. Nothing for nothing. Although credit card installment payment is free of interest, the handling fee is inevitable. Calculate the handling fee to be paid before consumption. If the price is acceptable after adding the handling fee, it is not too late to swipe your card again.

Choose the most cost-effective credit card. Because banks calculate fees in different ways, you should choose the most suitable card to trade after you know the fees of credit cards.

The service fee rates of various banks are as follows: Bank Phase III, Phase VI and Phase IX 12, China Guangfa Bank 1.8%3.6%5.4%7.2% China Merchants Bank 2.6%4.6%-7.2% Industrial and Commercial Bank of China1.65% 3.6% 5.