What if Gitzo can't repay the loan?
1. Find a platform for negotiation. Although Gitzo platform has no clear negotiation repayment policy, according to the feedback from some users, there is still a chance of success after applying to the official customer service. Of course, this process is long and requires repeated communication.
2. Court prosecution. Since the new regulations now protect the annual interest rate of one-year LPR4 by 4 times, if the interest rate is too high and Gitzo platform charges illegally, users can refuse to repay. If the platform does not agree, the user can bring a lawsuit to the court.
3. Find other sources of repayment. If the user should repay part of the loan, but the repayment ability can't keep up, he can try to find relatives and friends to turn around first, and then improve his income source before repaying. In order to avoid overdue and credit reporting by the platform. Borrowing money from relatives and friends, demanding good credit, will owe people.
The above is about "What should I do if Gitzo loan is really unaffordable?" . Generally speaking, you can consult the platform first and apply for relief. If the platform does not agree, it can sue for non-compliant repayment and then wait for the court's decision. Of course, it should not be paid in part. You can find friends and relatives to solve it first.