I owed Gitzo for years, but I didn't pay it back in the end. The consequences of late payment are as follows:
If it is overdue, it will have an impact on the credit investigation according to the length of time. If it is seriously overdue (more than 90 days), the credit investigation is illegal. Under normal circumstances, when reviewing new loans and other businesses, banks require all previous loans, credit cards and quasi-credit cards to be in a normal state, with no bad debts, overdue and other States.
"In the last two years, commercial loans, provident fund loans and credit cards have been overdue for no more than three consecutive times or accumulated for no more than six times, which can be regarded as good credit records." The above-mentioned person in charge said, "If the overdue loan has been in arrears for several months and the amount of arrears is large, it will be considered as a malicious loan default and regarded as bad credit, and the lender will refuse to issue relevant loans."
Precautions:
Generally speaking, every bank will charge a certain interest for overdue repayment, which is different from each bank, and is generally five ten thousandths of the interest. However, the value date should be calculated from the date of consumption, not from the day after the last repayment date.
It is suggested that if the total amount is not repaid, the minimum repayment amount can be repaid first, without affecting the credit line. At the same time, there will be a buffer period, so that the bank can know the flow of funds in your account in time and will not freeze the account!
When a credit card (debit card) holder chooses the minimum repayment method or uses a card that exceeds the credit limit approved by the issuing bank, he will no longer enjoy the interest-free repayment period, and will pay overdraft interest calculated at the prescribed interest rate for the unpaid part from the bank bookkeeping date.
Gitzo has been taking the installment loan for six years. Do you still need to return it?
You still have to pay back the loan owed to Gitzo. If you don't return it, you will be collected by Gitzo officials, and you will be sued in court after the deadline.
Under normal circumstances, if Gitzo loan belongs to usury, users can appeal and negotiate with the platform. If negotiation fails, they can request the court to intervene. Generally, the interest that exceeds the legal provisions can not be repaid, but the part that does not exceed it should still be repaid according to the arrears.
Do you really need to return Gitzo? That's not true!
Many users said that they had heard the news that Gitzo didn't have to pay it back, which was important news for borrowers, after all, it was related to their principal and interest. So Gitzo really doesn't have to return it? Let's briefly talk about the relevant content today, and everyone can have a look.
I. Introduction of Gitzo Consumer Finance
Gitzo Finance is a financial institution approved by China Banking Regulatory Commission. Gitzo Financial, headquartered in the Netherlands, mainly provides consumer financial services and does not absorb people's deposits. Lending loans with its own funds, and obtaining the qualification of China Banking Regulatory Commission, can engage in loan business.
Gitzo Consumer Finance Co., Ltd. was formally established in China at the end of 20 10 to provide consumer financial services to customers in China. Its shareholder is Gitzo Group, a leading international consumer financial service provider.
Gitzo's credit products are as follows:
1, Gitzo Super Loan
Provide a loan service with a maximum amount of 200,000 yuan, apply online all the time, and provide identity information. No mortgage guarantee is needed, and it will be received in 5 minutes at the earliest.
2. Gitzo Commodity Loan
This is an installment loan platform. You can make a minimum payment with zero down payment, apply quickly, repay flexibly, choose the right goods, make an appointment in official website, provide identity data verification, and you can get a loan after approval.
2. Is it really necessary for Gitzo to return it?
That's not true. Now Gitzo's major official website and multimedia platforms are still operating normally. If there is a repayment amount, you must pay off the arrears in time. Gitzo consumer finance has been connected to the central bank's credit information center. If you refuse to repay, you will not only face collection, but also leave a credit stain on the credit report.
Gitzo hasn't expired in seven years?
The consequences of Gitzo loans overdue are quite serious. First of all, it has to bear high overdue fees, and the charging standard is very high. Second, it encountered SMS and telephone collection from Gitzo Financial Platform, urging debtors to repay as soon as possible. Even, it is possible to contact the debtor's family and friends, thus affecting normal life. In addition, Gitzo loans will also affect personal credit information. After all, Gitzo installment is a product of Gitzo consumer finance, which is a formal consumer financial institution approved by CBRC. Moreover, customers who fail to repay the loan for more than three months will be prosecuted by the court according to the loan contract.
Legal basis:
People's Republic of China (PRC) Commercial Bank Law
Article 34 Commercial banks should conduct loan business according to the needs of national economic and social development and under the guidance of national industrial policies.
Article 35 A commercial bank shall strictly examine the borrower's loan purpose, repayment ability and repayment method. Commercial bank loans shall be subject to the system of separating loan review from grading approval.
Article 36 When a commercial bank lends money, the borrower shall provide guarantee. Commercial banks should strictly examine the repayment ability of guarantors, the ownership and value of collateral, and the feasibility of realizing collateral. After examination and evaluation by a commercial bank, it is confirmed that the borrower has a good credit standing and can repay the loan, and no guarantee may be provided.
Article 37 A commercial bank shall sign a written contract with the borrower when issuing loans. The contract shall stipulate the type, purpose, amount, interest rate, repayment period, repayment method, liability for breach of contract and other matters that both parties think need to be agreed.
Article 38 A commercial bank shall determine the loan interest rate according to the upper and lower limits of the loan interest rate stipulated by the People's Bank of China.
Article 39 A commercial bank shall abide by the following provisions on the management of asset-liability ratio when granting loans:
(1) The capital adequacy ratio shall not be less than 8%.
(2) The ratio of loan balance to deposit balance shall not exceed 75%;
(3) The ratio of the balance of current assets to the balance of current liabilities shall not be less than 25%.
(4) The ratio of the loan balance to the capital balance of a commercial bank to the same borrower shall not exceed 10%.
(5) Other provisions of the State Council Banking Regulatory Authority on asset-liability ratio management.
If the asset-liability ratio of a commercial bank established before the implementation of this law does not meet the provisions of the preceding paragraph after the implementation of this law, it shall meet the provisions of the preceding paragraph within a certain period of time. Specific measures shall be formulated by the State Council.