What does Gitzo mean by bad debts in installments?

Gitzo installment bad debt refers to the debt that the borrower fails to repay the loan principal and interest within the installment period of Gitzo, and is still outstanding at maturity. Staged bad debts are a common problem in bank credit risk. Gitzo installment payment platform, as a financial institution, attaches great importance to the risk control of installment bad debts. By establishing a risk management system, it strengthens the credit review of borrowers and reduces the bad debt rate.

The causes of Gitzo's bad debts in installments are complex and diverse, including the borrower's own economic situation, market changes, policy adjustments and other external factors. For those users who have financial difficulties due to illness, accidents, etc., Gitzo installment platform will take the initiative to contact them to help them make repayment plans that are in line with the interests of the platform and are not too heavy.

As a borrower, we should strengthen the repayment consciousness, strictly abide by the repayment plan, take the initiative to contact the platform and solve the problem in time. Avoid the occurrence of overdue and absenteeism, at the same time, it can also protect personal credit records and improve the feasibility of personal large credit loans. Of course, Gitzo installment platform will also strengthen the education of borrowers in various ways to help them enhance their financial awareness and repayment ability, thus building a healthy and stable financial market.