I don't quite understand what you mean. Do you buy a mobile phone in installments and then sell it directly?

Second, cashing out is illegal and criminal.

Crimes with serious credit will be punished according to the seriousness of the case. Banks put cash-out risk, card washing risk and operational risk together, so if an individual's cash-out credit card record is caught by the bank's risk control, it will be adjusted first to reduce the card amount; The most serious thing is the traffic jam, so many things can't be played. Credit card cashing is an illegal act, which is a serious violation of the law and violates the crime of obstructing credit card management. According to the circumstances, 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; 2. If the amount is huge or there are other serious circumstances, a fine of not less than five years but not more than ten years shall be imposed. 3. If the amount is especially serious, he shall be sentenced to fixed-term imprisonment of not less than 10 years, or fined not less than 50,000 yuan but not more than 500,000 yuan, or his property shall be confiscated. Really turn a blind eye to this payment institution, as long as it is not too much, it will not limit this aspect. Of course, you use fake cards, problem cards and other illegal cards to cash out, which touches the bottom line of all participants such as banks and third parties. This is a death wish.

Legal basis: under any of the circumstances listed in the Criminal Law of People's Republic of China (PRC), whoever commits credit card fraud 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 is huge or there are other serious circumstances, a fine of not less than 50 thousand yuan but not more than 500 thousand yuan shall be imposed; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years, fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property: (1) using forged credit certification documents to defraud credit cards; (2) Fraudulent use of another person's credit card; (4) malicious overdraft. The term "malicious overdraft" as mentioned in the preceding paragraph refers to the behavior of the cardholder who exceeds the prescribed limit for the purpose of illegal possession or refuses to return it after being urged by the prescribed bank. Credit card and use, according to this conviction and punishment.

3. Is it illegal to cash out mobile installment loans?

Legal analysis: refers to the act of defrauding a large amount of public and private property by fabricating facts or concealing the truth for the purpose of illegal possession. It is illegal to cash out mobile phones in installments.

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

Article 148 If a party causes the other party to commit a civil juristic act against its true meaning by fraudulent means, the defrauded party has the right to request the people's court or an arbitration institution to cancel it.

Article 149 If a third party commits a civil juristic act against its true meaning due to fraud, and the other party knows or should know about the fraud, the defrauded party has the right to request the people's court or an arbitration institution to cancel it.

Article 3 If one party or a third party coerces the other party to commit a civil legal act against its true meaning, the coerced party has the right to request the people's court or an arbitration institution to cancel it.

Criminal law of the people's Republic of China

Article 192 Whoever, for the purpose of illegal possession, illegally raises funds by any means, if the amount is relatively large, shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than seven years and shall also be fined or confiscated.

If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.

Article 266 Whoever has a large amount of public or private property shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also, or shall only, be fined; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years and shall also be fined; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years and shall also be fined or confiscated. Where there are other provisions in this Law, such provisions shall prevail.