Violation of cash installment funds will reduce the credit card limit. In addition, if the installment business is overdue, the cardholder will face adverse consequences such as credit investigation, overdue fine and even being sued by the bank. What are the consequences of default on installment payment? Friends who use credit cards must know that credit cards support installment repayment. When encountering repayment difficulties, handling credit card installment can effectively alleviate the repayment pressure of cardholders. Installment repayment is a common repayment method provided by banks. If the cardholder can't pay off all the bills in the current period on the credit card repayment date, he can apply for installment repayment. Generally speaking, the normal use of installment payment will not cause adverse consequences. It can not only alleviate the financial pressure of cardholders, but also help to increase the credit card limit. But if the cardholder uses it improperly, it will have serious consequences.

1. Credit card bills are often divided into several stages. If cardholders often use credit cards to pay by installments, banks will feel that users' financial situation is not very good and their repayment ability may be problematic. Therefore, if cardholders often use installment payment, they may be exempted by the bank;

2. Credit card installment default After the cardholder handles the credit card installment business, he must repay the loan in strict accordance with the time stipulated by the bank. If there is overdue or default in the repayment process, it will cause many adverse consequences. First, the meeting will investigate the overdue credit card, and the cardholder's personal credit record will leave a bad record, which may affect the handling of credit business in the future. Secondly, cardholders with overdue credit cards will face overdue fees. In addition to the corresponding installment fee, the bank will also charge the cardholder overdue liquidated damages. The longer the time, the more overdue fees the cardholder has to bear. Finally, if the cardholder has a large overdue amount and refuses to repay the loan after being urged by the bank, the bank can sue the cardholder, and the cardholder may face litigation for the overdue amount.

3. If the cardholder has malicious overdraft behavior, he may also bear criminal responsibility, so the credit card installment function should be used reasonably. If the repayment cannot be guaranteed in time before the repayment date (inclusive), it is overdue; Late payment will result in late payment fees and affect your credit record in China People's Bank. I suggest you repay as soon as possible, so as not to affect your personal credit! The consequences of not paying back the credit card installment payment If the minimum repayment amount is not paid back in time before the due repayment date, late fees and interest will be charged, and personal credit will be affected. The late payment fee is 5% of the unpaid part of the minimum repayment amount, and the minimum charging standard is RMB 10 yuan or USD 1 yuan. All consumption in the current period begins to bear interest from the bookkeeping date (usually the day after consumption), and the daily interest rate is 0.05% until it is fully paid off. In order to avoid affecting personal credit, it is recommended to repay on time. If it is not convenient to pay the bill in full, please pay at least part of the minimum amount on time. Credit card installment payment refers to the process that the bank pays the consumption funds of the purchased goods (or services) to the merchants in one lump sum when the cardholder uses the credit card to make a large amount of consumption, and then asks the cardholder to repay. The bank pays by installment.