Consequences of non-payment of mortgage:

1. overdue record credit: overdue record credit of car loans will lead to poor personal credit, which will affect daily life and subsequent handling of other loan businesses.

2. Generate overdue interest: From the date of overdue, the lending institution will charge overdue interest. The longer the overdue time, the more overdue interest will be generated, which will increase the repayment burden of users.

3. Long-term collection: users will encounter collection from the overdue date. With the overdue time getting longer and longer, the frequency of collection will become higher and higher, which will inevitably affect the daily life of users.

4. Family and friends encounter collection: If the user fails to repay the loan for a long time and the collection fails, the lending institution may call the family and friends of the user for collection.

5. Arrange for the collection staff to come to the door for collection: If the user's location and the collection agency's location happen to be in the same area, there may be a collection staff to come to the door for collection.

6. Lending institution directly tows the vehicle: If the user is overdue for more than one month, the lending institution can directly tow the vehicle, making it impossible for the user to use the vehicle.

7. Auction of the vehicle by the lending institution: When handling the mortgage loan, the ownership of the vehicle has been mortgaged to the lending institution. If the user fails to repay the loan, the lending institution can auction the vehicle according to the loan contract.

8. Lending institutions sue users: Lending institutions will sue users in court, so users will fall into civil disputes.

9. Affect job hunting and civil service examination: Bad user credit information may affect job hunting and civil service examination. Some large enterprises will check users' personal credit information when applying for a job, while the civil service examination has a political review link.

10. Refusing to repay the loan after being sued will be classified as an executed person who has broken his promise: as an executed person, not only the lender himself will be affected, but also his family and children.

1 1. is required to pay off all debts at one time: under normal circumstances, overdue debts only need to be repaid, while users who are overdue for a long time may be required to pay off the remaining loans at one time, so the repayment pressure of users is very great.

What will happen if the car loan cannot be repaid? Face these consequences!

; ? Nowadays, many people plan to buy a car. Because some models are expensive, it may not be possible to pay the full amount in one lump sum, so car loan is a better choice. Banks and financial institutions will report credit information. Once the car loan cannot be repaid, it may face more serious consequences. Today, let's take a look.

1. Default interest is required.

Generally, when in loans overdue, the car loan institution will first call the borrower to remind him to repay the loan. At the same time, the interest rate will rise according to the contract, and the penalty interest will be calculated by days. The specific situation will be determined according to the requirements of both borrowers and lenders. Generally, car loans are not repaid. In addition to late fees, penalty interest will be charged on a daily basis.

2. Affect personal credit records

Bank financial institutions have strict requirements for credit reporting. Once the repayment is not made, this record will be uploaded to the central bank center soon. If you want to apply for a loan or credit card, you will basically be rejected. You should know that when applying for a loan from a bank or lending institution, personal credit report is one of the key audit contents. If you don't cherish your credit report now, you will regret it when you really need it.

3. The bank filed a lawsuit.

If the borrower fails to repay the loan for more than three months, the other party will file a lawsuit with the bank according to the provisions of the auto loan contract, and then it will freeze the deposits in all bank accounts of the borrower and seal up the mortgaged property. However, general institutions will not do this. After all, the cost of prosecution is relatively high.

4. Enforcement of court decisions

Once the appeal is made to the court, the car will be auctioned and the borrower's deposit will be deducted to pay off the loss of the bank loan.

What are the consequences of car loans?

First, what are the consequences of car loans?

Failure to repay the car loan will affect the personal credit record, resulting in overdue fees and interest. According to the laws and regulations related to credit in China, bad credit records will only be generated when loans or credit cards are overdue for more than three times or more than 90 days, which are automatically controlled by the system. If there is no money for only one month, just pay off the principal and interest of these two months before the interest settlement date of next month. However, from the interest settlement date of this month to the next interest settlement date, unpaid interest will generate penalty interest. According to the relevant credit regulations in China, bad records will only be generated if the interest is overdue for more than 90 days, which is automatically controlled by the system. If you have no money for only one month, you don't need to apply, just pay off the interest for these two months before the interest settlement date of next month. However, during the period from the interest settlement date of this month to the next interest settlement date, your unpaid interest will generate penalty interest.

Loan maturity date:

Failure to repay the bank within 1 and 1 months will result in penalty interest;

2, 1 month (more than 30 years), the bank will have SMS notification;

3. If it is more than 3 months (90 days), the bank will collect it at home;

The bank will bring a lawsuit to the court for more than 6 months, and the court summons will be sent to the borrower's home. On the day of the court session, regardless of whether the borrower appears in court, the court will freeze the collateral originally mortgaged by the borrower to the bank and then auction it. The proceeds from the auction of collateral will be used for repayment. If the auction proceeds are greater than the arrears, (the amount that the borrower needs to pay = principal interest? Liquidated damages, late fees and prosecution fees? Attorney fees, etc. ), then the excess will be returned to the borrower. However, there is little extra money.

Second, the loan matters needing attention

1. Do not use the provident fund before applying for a loan. If the borrower withdraws the balance of the provident fund before the loan pays the house price, the balance of the provident fund in your provident fund account will be zero, so your provident fund loan amount will be zero, which means that you will not apply for a provident fund loan.

2. Don't repay the loan in advance in the first year. According to the relevant provisions of provident fund loans, part of the prepayment should be made after one year of repayment, and the amount you return should exceed the repayment amount of six months.

3. Don't lose the loan contract and IOUs. To apply for a mortgage loan, the loan contract and loan note signed by the bank with you are all important legal documents. As the loan term can be as long as 30 years, as a borrower, you should take good care of your contracts and IOUs.

If you have difficulty in repaying the loan, don't forget to look for the banks around you. Don't insist on it yourself when your solvency drops during the loan period and you have difficulty in repaying the loan. ICBC customers can apply to ICBC for extending the loan term. According to our investigation, if you have not defaulted on the loan principal and interest, we will accept your application for extension.

5. Don't forget to inform when renting a house after the loan. When you rent the mortgaged house during the loan period, you must inform the lessee of the mortgage fact in writing.

6. Don't forget to cancel the mortgage after the loan is paid off. When you have paid off all the principal and interest of the loan, you can cancel the mortgage with the bank's loan settlement certificate and other immovable property certificates of the collateral to the district and county real estate trading center where the property is located.

In short, the most serious legal consequence of not paying back the car loan is that the legal property under the individual's name will be enforced by the court. If there is a loan, the car is equivalent to being registered as a mortgage. Therefore, if you don't pay back the car loan, you will end up with no money and no car. I have left a record of bad credit reports in my life. I don't think there is a chance to get a loan in the future, so young people sometimes have to consider the consequences.

Loans overdue lost his "car" and his soldiers because of the consequences of car repayment!

; ? Nowadays, mortgage loan has become the choice of many people who need money badly. Borrowers use their cars as collateral to obtain loans from lending institutions. Automobile mortgage is generally mainly used to get capital turnover quickly, but what will happen if it is overdue if it is not repaid?

1 generate penalty interest

Both financial institutions and auto loan companies will be punished with high penalty interest once they come to loans overdue. Generally speaking, banks charge a penalty of 130%, while private institutions usually charge much higher. Please refer to the loan contract for details.

2. Bad credit record

No matter what kind of loan, overdue will cause bad credit records. If there are too many overdue times, it will be blacklisted directly, and you basically don't have to think about handling loan-related business in the future.

3. positive collection

At the early stage of overdue, you will only be called by the lending institution. If you ignore it, you will take certain door-to-door collection methods, which will bring trouble to your life.

4. Collateral auction

The most serious and severe point is that your loan is guaranteed by the car. If payment is not made after collection, the lending institution has the right to auction the mortgaged car to repay the loan. The part with insufficient auction amount will continue to be treated as overdue loans.

These are the consequences of riding loans overdue, no matter what it is, it has caused serious losses to yourself. Therefore, don't take chances, make a repayment plan before applying for a loan, and cherish your personal credit record.