1. If the owner is unable to repay the loan, he shall negotiate with the lending institution to extend the repayment period or repay the loan in installments;

2. If the lending institution fails to perform the judgment of the court within the performance period after suing the court and winning the case, it will apply to the court for enforcement;

3. When accepting enforcement, the court will inquire about the real estate, vehicles, securities and deposits under the name of the lender according to law;

4. If the lender refuses to perform the effective judgment of the court because there is no enforceable property under his name, bad information such as overdue repayment will be recorded in the personal credit report, which will restrict his high consumption and entry and exit, and may even lead to judicial custody.

When the bank signs a loan contract with you, it will clearly indicate the overdue grace period in the contract. Generally speaking, the overdue grace period is 3 days, which means that there is no problem for you to repay within 3 days, and there will be no late fees and bad credit records. But once it exceeds three days, the bank will start to calculate the late payment fee, and charge 5% of the minimum repayment amount every day. Go to the credit investigation if it is overdue for one month.

In fact, banks are still relatively standardized. If it is overdue for three months, it will only be called to collect money, and what is more serious is just to collect it at home. But once you are overdue for more than three months, in addition to high late fees and bad overdue records, the bank is likely to tow your car away for mortgage. Finally, if you are still indifferent, the bank will auction your mortgaged car, and the auction price is generally lower than the market price, so you need to bear a relatively large economic loss.

When you find yourself overdue, you should take the initiative to contact the bank customer service to explain the situation and pay all the fees. Don't not answer the phone and pretend not to be at home, which will only make you more punished. Most importantly, credit problems will affect future refinancing and credit card processing, so it is very important to repay on time.