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What are the consequences of not paying in installments?
The consequences of not paying in installments mainly include:

1, the creditor filed a civil loan lawsuit and even encountered collection;

2. Recalculate the limitation of action;

3. If the borrower fails to repay the loan, it needs to bear the liability for breach of contract, which is generally high penalty interest and liquidated damages.

Legal basis: Article 1 19 of the Civil Procedure Law.

Prosecution must meet the following conditions:

(1) The plaintiff is a citizen, legal person and other organization that has a direct interest in the case;

(2) Having a clear defendant;

(3) Having specific requests, facts and reasons;

(4) It falls within the scope of civil litigation accepted by the people's court and is under the jurisdiction of the sued people's court.

Article 189 of the Civil Code _ _

If the parties agree to perform the same debt by stages, the limitation period of action shall be counted from the date when the last performance period expires.

Extended data:

How much is the interest on credit card installment?

The interest rate of credit card installment payment may be different from bank to bank. Take four major behaviors as examples:

I. Industrial and Commercial Bank of China

The interest of ICBC's credit card installment payment is 0.9% for the third installment, 0.8% for the sixth installment, 2.7% for the ninth installment, 3.6% for the 12 installment, 5.4% for the 18 installment and 7.2% for the 24th installment.

Second, China Construction Bank.

If CCB pays by installment, it can be divided into three installments, six installments, 12 installment, 18 installment and 24 installments. Among them, except for the interest of the third installment, the interest of the sixth installment, 12 installment, 18 installment and 24 installment is calculated at 0.6% per installment.

Three. agricultural bank

If the credit card of Agricultural Bank of China is paid in installments, it can be divided into 3 installments, 6 installments, 9 installments, 12 installments and 24 installments. No matter how many credit card installments are made by ABC, the interest is calculated at 0.6% per installment.

4. Bank of China

China Bank's credit card installment payment can be divided into three installments, six installments, nine installments, 12 installment, 18 installment and 24 installment, in which the interest of the third installment is calculated at 1.95%, the interest of the sixth installment is calculated at 3.6%, and the interest of the ninth installment is calculated at1.

The difference between bank invitation installment and its own installment;

In fact, there is no difference between a bank inviting customers to apply for staging and a customer actively applying for staging. The main reason why banks invite customers is to pull business. Although the staff usually say that it is more meaningful to invite customers by stages and increase the quota, the bank will serve them as soon as possible after handling the business. But in fact, it is no different from the customer's own staging. Most of these statements are also rhetoric to encourage customers to handle staging.

Of course, some banks may offer certain preferential interest rates when inviting customers to apply for installment. If the customer needs installment, he can take the initiative to contact the bank for installment business; When receiving the invitation from the bank, you can also accept the invitation from the bank to handle the installment. If there is no installment requirement, there is no need to apply for installment, and the bank invitation can be rejected, and it is not necessary to accept it.

In fact, it is mainly in the customer himself. If you don't have it for the time being, or you can't pay so much at a time, you can pass the installment. Appropriate staging is also helpful for credit card withdrawal.