In other words, some stages are used for credit reporting. That is, collecting credit information at the meeting in stages, and this loan product has been connected to the central bank's credit information system. After handling the installment loan, the borrower shall repay the loan on time. Instant installment is a standardized consumer finance loan service brand under Shenzhen Qianhai Fei Da Financial Services Co., Ltd., registered on 20 14, headquartered in Shenzhen, and has gathered a number of financial institutions such as banks, insurance and multinational consumer finance groups. That is, collecting credit information at the meeting in stages, and this loan product has been connected to the central bank's credit information system. The borrower shall repay the loan on time after handling the installment loan. If the borrower fails to repay the loan on time, he must repay it as soon as possible, and he can take the initiative to repay the loan by installment through WeChat official account or APP installment, because once the borrower fails to repay the loan in time, the platform will impose a penalty interest on the borrower and bear a certain penalty, which will increase the borrower's repayment cost and have a negative impact on the borrower's credit record. It will leave a credit stain, which will have an impact on buying a house, buying a car, applying for a loan and applying for a credit card in the future. If the borrower is seriously overdue, the platform will take collection measures against the borrower. If the borrower refuses to repay the loan, the platform will also take judicial measures to recover the overdue payment from the borrower, and the borrower will face litigation.