Failure to pay back the money in installments will lead to serious consequences, that is, credit damage. Staged education is a financial arrangement. If the repayment is not made on time, it will violate the contract, which may lead to the overdue payment record being reported by the credit reporting agency. This will have a negative impact on personal credit score and reduce credit rating. Credit damage will make it difficult for individuals to apply for loans, credit cards and rent houses in the future, and may even lead to rejection or higher interest payments.