1, full repayment: if you have repayment ability, try to repay in full. This can avoid further legal disputes and reduce personal economic burden.
2. Negotiate with the bank: If you really don't have the repayment ability at present, you can contact the person in charge or staff of the loan bank to inform them of their own economic situation and living conditions, and try to negotiate with them to formulate a compromise repayment plan or extend the repayment period.
3. Cooperate with the lawsuit: If the above methods are ineffective, you can actively cooperate with the lawsuit and wait for the court's decision. After the judgment takes effect, the repayment obligation shall be fulfilled according to the judgment result.
4. Seek legal help: In the process of litigation, you can seek the help of a lawyer in order to better understand legal procedures and protect your rights and interests.
The consequences of car loans overdue
1. Penalty interest: After the car loan is overdue, the lending institution will charge a certain penalty interest according to the loan contract and guarantee contract (mortgage or pledge contract). Penalty interest varies from lending institution to lending institution, and is usually a percentage of overdue amount.
2. Affect personal credit: overdue car loans will be recorded in personal credit report, which will affect personal credit score. When applying for credit cards, loans and other businesses in the future, you may be restricted or reduce the amount.
3. Collection by the lending institution: After the car loan is overdue, the lending institution will collect it by phone or SMS, which may interfere with the daily life of the borrower.
4. Legal proceedings: If the borrower is seriously overdue, the lending institution can bring a lawsuit to the court, and the borrower needs to face legal proceedings. After the court decision takes effect, the borrower needs to fulfill the repayment obligation according to the judgment result.