How does one repay the loan in installments? What are the consequences of Renren's installment overdue payment?

Explanation of the payment method of the Renren installment app:

1. After opening the Renren staging client, log on to your personal account and go to the personal center;

2. Go to the personal Bill, view the current bill and the amount to be paid, and select the payable bill for repayment;

3. Select payment and make payment;

4. Select a payment method. On the payment page, select quick or online bank payment for repayment;

5. After the bill for the current month is paid, the bill for the next period automatically changes to the payable status, and you can continue to make the payment.

What if everyone does not pay by installment? What are the consequences of overdue payment for everyone?

If you fail to pay off the bill amount before the end of the bill, the bill will be overdue. Overdue bills are generated every day (1% * the bill amount for the current month. At the same time, your personal credit will be affected due to overdue payment, which will seriously affect your future purchase, purchase, and all activities related to personal credit. We sincerely recommend that you pay in full and on time, cherish your personal credit, and maintain a good personal credit record.

For repayment, we are like a credit card. If we don't pay off the credit card, we will definitely pay 1% for the liquidated damages. This is still quite high. So all of you should try to make a repayment in advance, of course, if you do not pay off the loan maliciously, it is estimated that there will be some other influences, and credit will be affected.