1. What are the consequences of car loans?

Car loans will also affect personal credit records, resulting in overdue fees and interest. According to China's credit-related regulations, bad credit records will only appear if the loan or credit card is overdue for more than 3 times or more than 90 days, which will be automatically controlled by the system. If there is no money for only one month, the principal and interest of these two months will be paid off 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, unpaid interest will generate penalty interest. According to the relevant regulations of China's credit investigation, bad records will only be generated if it is overdue for more than 90 days, and the overdue for more than 90 days will be 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:

1 and 1 month, default interest will be incurred;

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

3. After more than 3 months (90 days), the bank will call or collect it at home;

4. 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 collateral auction 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, 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. Don't use the provident fund before applying for a loan. If the borrower takes the balance of the provident fund to pay the house payment before the loan, the balance of the provident fund in your provident fund account will be zero, and your provident fund loan amount will be zero, which means 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 the provident fund loan, part of the prepayment should be made one year after the repayment, and the amount you return should exceed the repayment amount of six months.

Don't lose the loan contract and IOU. To apply for a mortgage loan, the loan contract signed between the bank and you and the iou 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.

Don't forget to find the bank around you if you have difficulty in repaying the loan. Don't insist on it yourself when your solvency drops during the loan period and it is difficult to repay. ICBC customers can apply to ICBC for extending the loan term. According to our investigation, if there is no default in 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 renting a mortgaged house during the loan period, the lessee must be informed of the mortgage facts in writing.

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

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

What will happen if the car loan is overdue?

What will happen if the car loan is overdue? The following is my personal opinion:

Consequences of car loans overdue:

1, the car loan is overdue, and the worst consequence is that the bank will take back the car and auction it, and the car buyer will also have a bad record;

2. Consequences of non-repayment of loans. The loan bank will urge the loan to be received in accordance with the law. According to the loan contract and guarantee contract (mortgage or pledge contract), the loan bank brings a lawsuit to the court, and the court takes measures such as property preservation;

3. Including freezing the deposits in all bank accounts of you and the loan guarantor and sealing up the pledged property. After the judgment is made, the property will be enforced according to law (deducting deposits, auctioning collateral, etc.). ) to repay the bank's loan losses. Specifically, it includes: loan principal, loan interest, overdue interest, penalty interest, and all litigation costs arising therefrom, and related expenses incurred when disposing of pledged property.

What will happen if the car loan is not paid back? Face these consequences!

; ? Now, many people plan to buy a car. Because some models are expensive and may not be paid in one lump sum, 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, in loans overdue, the car loan institution will call the borrower to remind him to repay the loan. At the same time, the interest rate agreed in the contract will rise, and the penalty interest will be calculated according to the number of days. The specific situation will be determined according to the requirements of both borrowers and lenders. Generally, car loans are not repaid, and in addition to late fees, penalty interest will be charged by the day.

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 a credit card, you will basically be rejected. You should know that when applying for loans from banks or lending institutions, personal credit reports are 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 car loan contract, and then 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.