1. Credit record damage: Failure to repay will lead to personal credit record damage, which will affect the credit evaluation results of individuals when applying for credit or loans in financial institutions in the future. You can know your credit status by querying the online loan data report, so as to understand the actual situation. The online loan data report includes user application times, online loan data, online black index score, hit risk warning, court prosecution information, arbitration case information, and dishonesty information. These data are very accurate.

2. Legal disputes and litigation risks: Gitzo has the right to take legal measures to recover the arrears, and may bring a lawsuit to the court, which will lead you into legal disputes. In legal proceedings, you need to face possible fines, extra interest and legal fees.

3. Overdue default interest and collection of reminders: overdue repayment will lead to default interest and collection of reminders. Gitzo may charge you extra penalty interest as liquidated damages, and entrust a collection agency to collect the arrears, and its collection fee will also increase the total debt.

4. Impact on future loan ability: Failure to repay on time may affect your ability to borrow from other financial institutions in the future, including buying houses, cars and personal consumption loans. Therefore, I suggest that you repay the loan as soon as possible to maintain your personal credit.