If you don't return it, the other party will go to the locals.
At the same time, you have a bad record on your credit record.
It will cause great inconvenience to your life.
Second, what will happen if Gitzo fails to pay back the money within the time limit?
Gitzo will be overdue. If it is temporarily unable to repay, it may negotiate with creditors to repay by installments or postpone repayment. If the borrower fails to repay the loan within the agreed time limit in accordance with the law, it needs to pay a certain amount of overdue interest in accordance with the agreement or relevant state regulations, and it also needs to bear the corresponding liability for breach of contract.
Extended data:
If Gitzo cannot repay the loan, the customer needs to raise enough funds before the repayment date expires. For example, you can borrow money from relatives and friends to repay the loan. If you encounter some special circumstances that lead to outstanding loans, you should also communicate with the platform in time, try to apply for deferred repayment of loans, and don't easily overdue.
After Gitzo is overdue, the customer shall bear the following overdue consequences:
1, credit will be hurt.
2. It will be collected by the platform.
3. There will be penalty interest.
4. The loan amount will be reduced.
5. The loan amount will be frozen.
6. Affect other loan applications.
7. Occupation is affected by credit information damage.
8. Will be blacklisted.
9. Malicious overdue meeting.
10, unable to enjoy preferential loan policy.
It can be seen that overdue has a great impact on customers. In order to avoid overdue as much as possible, customers need to keep records of borrowing and repayment, consider the economic situation comprehensively before applying for loans, and borrow reasonably within the scope of personal income, so as not to bring too much debt pressure to later life.
I bought a mobile phone by installment in Gitzo Company in Shenzhen, and I haven't returned the first installment yet. Because it can't be repaid, it still needs more than 3000 yuan. If I am sentenced, how long will I be sentenced?
I don't think so
4. What will happen to Gitzo Finance's overdue repayment?
1, high penalty interest. If the money owed to Gitzo is not paid back, the first consequence is penalty interest. As we all know, Gitzo's loan interest rate is very high, and the penalty interest for non-repayment has increased by 30% on the basis of the original interest rate of Gitzo's loan-the penalty interest has exceeded 50%. This will be a huge expense.
2. Affect personal life. If you don't pay back the money you owe Gitzo, Gitzo will hand over the collection work to a special collection agency. In addition to calling many times to collect money, a large number of people even come to communicate the debt problem. Even go to the company for collection.
3. Affect future loans. In addition to the penalty interest, your overdue bad information record will also affect the future loan credit card. In addition, the most important thing is that in the personal credit report of the central bank, the personal credit stain will be retained for five years.
4. Yes. If the lender is in arrears with Gitzo for more than 3 months, Gitzo will take industry preservation measures according to the loan contract, freeze all bank accounts of the lender and seal up the mortgage industry.