Many people have used credit cards, because credit cards allow people to make purchases in advance. Although credit cards have many benefits, it is inevitable that some people will encounter large purchases or large bills. At this time, you Will you choose installment? If you cannot raise enough money to repay the loan in time, you can install it in installments, but do you know the consequences of credit card installment?

People will always think of using credit cards when they have no funds. Credit cards allow you to spend money in advance and repay it next month, so they are welcomed by many people. But do you know the consequences of credit card installment? I believe many people don’t know it, so let me introduce it to you.

After a credit card is installmentd, each bill will be recorded as a current liability. When applying for a loan from a bank, the bank will analyze the personal debt situation. Once the debt is deemed to be too high, the loan application is likely to be rejected. Credit card installment fees are very high, and often the proportion of installment fees will be very large, causing unnecessary financial expenses. In fact, if you have too many credit card installments, you will inevitably forget to pay off the balance in time. Once it is overdue for a long time, it will be recorded as overdue payment, which will affect your personal credit. So after using your credit card, you must remember to pay it back in time.