How much is the fine for Gitzo's mobile phone installment prosecution?

Liquidated damages for Gitzo's mobile phone installment prosecution: 80 yuan is overdue for 30 days, and the installment will be cancelled for 90 days at the longest. From the tenth day of overdue, it will be collected for 60 days 130 yuan.

It's normal for Gitzo loans overdue to fail to repay, but it did breach the contract, so it shall be investigated for the liability for breach of contract and entered into the law.

Under normal circumstances, due to economic or other problems, if you don't repay for a short time, you will be fined at most. However, if it is not returned for a long time, Gitzo will collect it through different forms. If the collection fails, a lawsuit will be brought to the people's court according to law, requesting an order to pay the arrears and liquidated damages.

The court will also decide to pay the arrears and liquidated damages in accordance with the relevant provisions of Paragraph 1 of Article 60, Paragraph 1 of Article 107 and Paragraph 1 of Article 114 of the People's Republic of China (PRC) Contract Law.

If the credit information is damaged as a result, it will bring great inconvenience to work and life.

Therefore, if the financial capacity permits, you can contact Gitzo directly, and after paying off the arrears, Gitzo can withdraw the lawsuit.

If you can't do it, I suggest you appear in court on time, state the reasons why you can't repay on time, promise to repay the arrears in installments, and strive to reach a settlement with Gitzo.

If we can get Gitzo to drop the lawsuit, we can also pay half of the legal fees.