cannot

If the principal is repaid with interest, Gitzo will have a lot of trouble. These questions are:

1, affecting credit

When applying for a loan, the loan contract stipulates both the loan principal and the loan interest. If the borrower only repays the loan principal, it constitutes a breach of contract. Since it is a breach of contract, it will affect personal credit and even defile credit records. It is very difficult for people with bad credit to apply for loans and credit cards in the future.

Step 2 be collected

If Gitzo finds that the borrower has only repaid the loan principal but not the loan interest, it will arrange the staff to collect it. Generally speaking, if the borrower fails to pay off the remaining money, it is difficult to stop the collection.

3. The account has been frozen.

The Gitzo account will be closed if the loan with Gitzo only repays the principal but not the interest. Everyone's Gitzo account can only repay from now on, and can't borrow money.

Second, what will happen if Gitzo pays the principal and interest of the cash loan?

Gitzo's big scam, I borrowed 36,000 cash, and I only paid the original price, but I'm not going to pay interest.

3. What happens if Gitzo's principal is repaid with interest? The trouble is a bit big!

First of all, answer directly.

There are the following consequences.

Second, the specific analysis

1, debt cannot be paid off.

Any lending institution will not provide services for free, and the loan contract stipulates that repayment requires interest. Therefore, even if the borrower pays all the principal, as long as the interest is not paid, it is still owed to the lending institution.

If the repayment time exceeds the specified time, it is also overdue if the interest is not repaid, and overdue penalty interest, liquidated damages and other expenses will be charged on a daily basis. The longer the arrears are overdue, the greater the interest.

If you take a credit loan, it will make the borrower's credit worse.

2. It has been collected.

If the loan repays the principal but fails to repay the interest, the lender will collect it within the time limit, and the borrower will receive a collection message regularly, and there will be a collection phone call for repayment from time to time.

If you still ignore it and don't pay back the money, the collection will start with the contact in the borrower's address book and call the other party to inform the borrower to pay back the money.

At that time, the borrower's lining and face will be gone.

There are many online loan big data systems that can provide online loan records, which can be found: Xiaoqi New Tea. You can query important data information such as online loan application record, application platform type, overdue, overdue amount, credit card and online loan credit estimated amount.

3. What is the name of paying the principal first and then the interest?

The repayment method of paying principal first and then interest is called "paying interest first". Of course, there are few such repayment methods in loans, and most of them are "paying interest first and then paying principal", that is, paying interest first and then paying principal; There is also the average capital, which repays the interest generated by average capital and the remaining loans this month (generally less and less); And matching principal and interest, the monthly repayment amount (including principal and interest) is the same.

In addition, there is a one-time repayment of principal and interest due, that is, all principal and interest are repaid in one lump sum on the last repayment date.

However, the types of loan business handled are different, and the repayment methods chosen are not the same.

For example, the repayment method generally chosen for mortgage is equal principal and interest or average principal.

It should be noted that once the repayment method of the loan is determined, it is difficult to change it within the loan term.

I suggest that you carefully consider when handling and choose the appropriate repayment method according to your repayment ability.

4. What happens if Gitzo only pays the principal but not the interest?

When applying for a loan, the loan contract stipulates both the loan principal and the loan interest. If the borrower only repays the loan principal, it constitutes a breach of contract.