For example, Apple mobile phones can generally use China Merchants Bank mobile APP for credit card installment, which is often interest-free and the price is the same as that in official website. Bank card installment payment must pay a certain amount on time every month. For example, the original price of 128GB iPhone 7 Plus is 7 188 yuan, which means that if it is divided into 12 months, it needs to be changed to 599 yuan per month.

The formal repayment of bank credit cards is closely related to personal credit. If you are overdue or refuse to repay, your credit history will be stained. Credit records are related to all banks in China. If you want to borrow money to buy a house or a car in the future, other banks will refuse to give you a loan when they see that there is a record of default in your credit history. If the amount of default is large, the bank will sue the court and forcibly auction personal property for repayment. If your personal property is not enough to repay, you will be classified as a "faithless person" and high consumption is prohibited. After being on this list, you can't fly, you can't take the high-speed train, and you can't expect to travel abroad.

So if you buy a mobile phone by credit card, you must remember to repay it on time. Although the bank dunning method is mild, there are 100 ways to make you pay back the money.

2. Online shopping mall staging

For example, JD.COM has white stripes and ant flowers. Many netizens, especially those who have no jobs, can't apply for credit cards, but if they have bank cards, it's easier to open white slips and ant flowers in JD.COM. JD.COM IOU may not appear on the credit record if it is overdue, but JD.COM will call your contact according to the delivery address you use and tell them that you will not repay the money you owe JD.COM. If you have used your JD.COM account to buy things for friends and relatives, they will know that you are a deadbeat and it is difficult to borrow money from your friends in the future.

If you don't pay back the money of your previous ant flower garden, Alipay's sesame credit will be very low. Ant flower shop can also contact your used relatives, friends or colleagues on the phone, tell them that you owe money and don't pay it back, and let them persuade you to pay it back. In addition, ant flower buds are also related to credit reporting. Failure to pay back the money after a certain period of time will also leave a credit stain. It will be difficult to buy a house and sell a car in the future.

3 Small loans provided by mobile phone shops

This is also the most common way for students to borrow money to buy mobile phones. Because students have no independent financial resources, it is difficult to get credit cards, JD.COM white bars and ant flowers, even if the amount is very low. Now some mobile phones cost five or six thousand yuan at a time, so many students buy mobile phones by stages through small loans.

The interest rate of this kind of loan is generally high, and the annualized interest rate is generally around 24%. In other words, if you buy a 5000-yuan mobile phone, you will have to pay back 6200 yuan with interest after one year. If you encounter informal "usury", you will owe tens of thousands or hundreds of thousands of interest. It is common for students not to pay back the money because the interest rate is too high, and microfinance companies also have special collection agencies. They have 10,000 ways to make you pay back the money, including but not limited to: door-to-door dunning, phone harassment, language attacks, etc. Any method that is not illegal but can torture you can be used. So don't owe money for small loans unless you have to.