First, Gitzo's staging will first generate high overdue fees, and then it will affect personal credit reporting. After all, Gitzo installment is a product of Gitzo consumer finance, which is a formal consumer financial institution approved by the China Banking Regulatory Commission and connected to the central bank's credit information system. If the repayment fails, the borrower's overdue behavior will be reported to the central bank's credit information system, resulting in a bad credit record.

Second, whether you will go to jail or not depends on the situation. Generally speaking, online lending belongs to private lending. Even if it is a big problem, it is only a civil dispute and will not be investigated for criminal responsibility. But the possibility of going to jail is not ruled out. For example, you will still go to jail in the following two situations.

1, suspected of fraudulent loans: that is, providing false information to apply for loans, such as pseudonyms and false addresses. And then disappeared after getting the loan, which involves fraud. If the amount is huge, criminal responsibility will be investigated for fraud, so it is likely to go to jail.

2. Refusal to repay: Gitzo's installment debt is relatively large and will be sued by the lending institution in the name of civil disputes. Although criminal responsibility will not be investigated for civil disputes, if the court finds that the borrower has repayment ability and refuses to repay, it will be sentenced to "refusal to execute the judgment or ruling" and sentenced to fixed-term imprisonment of not more than three years.

1. Does Gitzo have to pay it back if it is not an installment payment and it is still in prison?

1, some borrowers think that they will go to jail if they go to jail. Anyway, if they have no money to pay back, they may be able to offset their debts by going to jail. Xi Cai Jun can only say that this idea is really naive.

2. What I want to tell you here is that Gitzo's imprisonment by stages cannot offset the debt, and the money that should be repaid still needs to be repaid. The unpaid debt may continue to generate interest during your imprisonment. So you have to pay it back when you get out of prison. If sentenced to 3, the existing repayment ability is still not implemented, and may even be arrested and sent to prison.

To sum up, the consequences of Gitzo's failure to repay in installments may be imprisonment, so the borrower should not take any chances. Even if you don't go to jail, you will be harassed by the phone and even affect the lives of relatives and friends. You'd better pay back the money on time.