Applying for installment repayment with Huabei may bring several serious consequences. You need to understand the following six influencing factors:

1. Decline in credit rating: Use Huabei to repay in installments Repayments will increase your borrowing burden, and if you are unable to repay on time or default, your credit rating may decline.

2. High interest charges: Huabei installment will charge a certain amount of interest charges. Compared with one-time payment, installment repayment requires more interest.

3. Limited borrowing ability: Frequent use of Huabei installment repayments may cause banks or other financial institutions to question your borrowing ability and limit your future borrowing opportunities.

4. Impact on other loan applications: When applying for other loans or credit cards, banks will consider your credit record. Frequent use of Huabei installment repayments may affect the approval rate of other loan applications.

5. Overdue penalty interest and collection: If you cannot repay on time, Huabei will charge overdue penalty interest and may entrust a collection agency to collect, increasing your repayment pressure and costs.

6. Risk of legal disputes: Serious overdue payment may lead to court prosecution, which may lead to legal risks such as enforcement.

It should be noted that before applying for an online loan, you can use "Songguocha" to query relevant data such as the number of user applications, online loan data, Internet crime index scores, hit risk warnings, and court prosecution information. , arbitration case information, defaulter information, etc. to help you understand more accurate information.