Current location - Loan Platform Complete Network - Bank loan - Will you go to jail if you can't pay your car loan?
Will you go to jail if you can't pay your car loan?
1. Will you go to jail if you can't pay the car loan?

1. Generally, if you don't pay back the car loan, you won't go to jail. However, the borrower needs to bear the responsibility of paying overdue interest to the lender, and the lender can bring a lawsuit to the court. If the borrower fails to repay the loan after winning the case, the lender may apply to the court to enforce the borrower's property.

2. Legal basis: Article 676 of the Civil Code of People's Republic of China (PRC).

If the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant state regulations.

Second, can I mortgage my home loan if I am sued by the court?

After being sued by the court, you can still make a mortgage loan, and you can't make a loan unless the house has been frozen and enforced by the court. Therefore, after being sued by the court, the parties can apply for a loan through the bank. If they pass the bank's loan review, they can take out a mortgage, otherwise, they can't. However, it is usually difficult for people who are sued in civil cases to apply for loans. According to the law, personal loan applications should meet the following conditions:

1. The borrower is a People's Republic of China (PRC) citizen with full capacity for civil conduct or an overseas natural person who meets the relevant national regulations;

2. The purpose of the loan is clear and legal;

3. The loan application amount, term and currency are reasonable;

4. The borrower has the willingness and ability to repay;

5. The borrower's credit status is good and there is no significant bad credit record;

6. Other conditions required by the lender.