If the vehicle loan is not repaid, it is overdue. If it is overdue for a long time, it will cause illegal households. If you are a black household, you can't operate other loans, you can't apply for credit cards, and you can't apply for car loans and mortgages within five years.
Formal loans should be linked to personal credit information. When applying for a loan, you should check the credit information. If overdue repayment occurs, it will have a negative impact on personal credit information. I suggest that you make loans according to your ability, repay on time, and maintain credit information.
Here is a case, I hope it will help you.
Recently, several judgments on loan contract disputes disclosed by the referee document network show that the "Cangu Box" APP of Shanghai Cangu Investment Management Consulting Service Co., Ltd. has a serious overdue phenomenon of borrowers.
Cangu is an auto financial service technology platform listed on the US stock market, and its strategic shareholders are giants such as Tencent and Didi. Cangu told the reporter of China Times that the overdue rate of its loan assistance business is far lower than that of its peers, and it is in a healthy and safe state.
Overdue interest rate rises.
According to the judgment, Weizhong Bank issued car loans to borrowers through the "Cangu Box" APP, but the borrowers failed to repay.
The plaintiff signed the Auto Finance Loan Mortgage Contract with the defendant Tian Baoxin by using the Cangu Box, stipulating that the plaintiff would pay the defendant the principal of personal auto loan of 90,000 yuan for car purchase and 7,200 yuan for additional products (services) for car purchase. The total loan amount is 97,200 yuan, the loan term is 36 months, and the annual interest rate is 12.99%. However, the defendant failed to fulfill the payment obligation as agreed.
As of June 25th, 20021year, the defendant still owed the plaintiff the principal of personal automobile consumption loan of 90,000 yuan, loan interest of 13923.38 yuan, overdue interest of 4,806.97 yuan, compound interest of 1868.90 yuan, personal credit consumption loan principal of 7,200 yuan and loan interest of/kloc.
The court held that the plaintiff's claim for repayment of the defendant should be supported, but all loan interest, overdue interest and compound interest should not exceed the sum of interest calculated at the annual interest rate of 24% based on the loan principal.
The judgment disclosed on the same day also reflected a similar situation.
Cangu was founded on 20 10. During the period of 20 16-20 17, Cangu received investment of $654.38+300 million from Pinghua Investment and Chunhua Capital. In 20 18, Cangu received 2 billion yuan in Series B financing led by Tencent Group and Taikang Life Insurance, and nearly 300 million dollars in Series C financing led by Didi Chuxing.
Cangu's business includes three parts: automobile loan convenience service, automobile transaction service and automobile aftermarket service. In terms of car loan convenience services, Cangu connects car buyers, dealers and financial institutions to provide car loan solutions for car buyers. Our reporter learned that at present, customers of Cangu are still mainly market users.
Do these financial disputes reflect the serious overdue phenomenon of Tangu platform borrowers?
In this regard, Cangu told the reporter of China Times that legal proceedings are one of the ways for investors to confirm and safeguard their own rights and interests, and the litigation strategies of financial institutions are different. It is limited and unfair to judge the overdue level or asset level only by a single batch and a single order of magnitude of litigation.
However, Cangu's financial report shows that its overdue rate is indeed on the rise.
Recently, Cangu released the unaudited financial report for the first quarter of 20021. As of March 3 1, 202 1, the overdue rates of M 1+ and M3+ of all completed auto loans in Cangu were 1.23% and 0.54% respectively.
Previously, by the end of 2020, the overdue rates of Tangu M 1+ and M3+ were 0.98% and 0.42% respectively; By the end of 20 19, the overdue rates of M 1+ and M3+ were 0.85% and 0.40% respectively.
Although the overdue rate has increased, Cangu told the reporter of China Times that in the first quarter of 20021,the overdue rate of M 1+ and M3+ of Cangu's overall loan assistance business was far lower than that of its peers, and it was in a healthy and safe state. "At the same time, we further increased the intensity of on-site risk control and channel risk control, and combined with digital means such as feature recognition engine and improved model to achieve the effect of differentiated risk control. In addition, we also set up a working group to improve the efficiency and effectiveness of post-loan collection. We are confident to maintain good asset quality. "