What happens if you don't buy it in installments?

Legal analysis: bank credit card installment payment. If it is overdue, it is actually a credit card overdue repayment. First, it will generate high interest. If it is not paid within a certain period of time, the bank will sue, which may cause great losses and even imprisonment. If the plaintiff sues you for overdue installment payment, the court will decide the cause and effect of the matter. If the other party wins the case, you will be sentenced to repay the principal and pay the overdue interest. If there is an agreed penalty, it should also bear the penalty. Installment payment is actually a small loan, which needs to repay certain interest.

Legal basis: Regulations on the Administration of Credit Information Industry

Fifteenth information providers to provide personal bad information to credit reporting agencies, should inform the information subject in advance. However, bad information disclosed in accordance with laws and administrative regulations is excluded.

Article 16 The retention period of personal bad information of credit reporting agencies is five years from the date of termination of bad behavior or incident; More than 5 years, should be deleted. During the retention period of bad information, the information subject may explain the bad information, and the credit reporting institution shall record it.

Seventeenth information subjects can inquire about their own information from credit reporting agencies. The subject of personal information has the right to get my credit report twice a year for free.

Article 18 Anyone who inquires personal information from a credit reporting agency shall obtain the written consent of the information subject and agree to use it. However, unless the law stipulates that it can be inquired without consent. Credit institutions shall not provide personal information in violation of the provisions of the preceding paragraph.