After credit card installment shopping, as long as the normal repayment does not affect the cardholder's credit information, the occasional use of installment has a good effect on increasing the credit card limit, but the credit card installment will occupy the credit card credit limit, and the user will restore the credit limit accordingly every time he repays the installment. Although you can buy a mobile phone by credit card in installments, you will have to pay back the money you spend after all. If the things you buy are more expensive, there may be overdue repayment in the later stage, which is very unfavorable to individuals and will affect personal credit information in the long run. Credit cards can be used for installment shopping, but it is best not to use them when repaying; Repayment in installments by credit card means that the cardholder has a problem with repayment. At this time, the bank will doubt the cardholder's repayment ability, and the credit card limit will be reduced after a long time.
Installment payment is mostly used for some product transactions with long production cycle and high cost. Such as the export of complete sets of equipment, large vehicles and heavy machinery and equipment. Installment payment means that after the import and export contract is signed, the importer pays a small part of the payment to the exporter as a down payment, and most of the rest is paid in installments after part or all of the products are produced and shipped, or after the goods are installed, debugged, invested and guaranteed. Installment payments are usually provided by banks and installment suppliers. Banks provide consumers with personal consumption loans equivalent to the amount of goods they buy, and consumers use the loans to pay their suppliers, who provide guarantees for consumers and bear irrevocable joint and several liabilities. Young people who spend by installment are often called "installment families".
Installment payment was developed after the Second World War. At first, it was limited to buying ordinary daily goods or services. Later, with the rapid development of productivity, the scale of industrial and agricultural production is expanding day by day, and the required expenses are increasing day by day. In addition, with the development of bank credit, the field of installment payment has expanded to enterprises that buy large machinery and equipment and raw materials. With the improvement of China's financial services and the change of people's consumption habits, installment payment, which is popular abroad, has been introduced to China and quickly recognized by domestic consumers. It is usually young people who have poor current payment ability but have consumer demand who spend by stages. The products it consumes are usually laptops, mobile phones and digital products.