Overdue repayment will generally charge a penalty interest on a daily basis. Penalty interest will be charged from the second day of overdue repayment until the day when the monthly payment is paid off, so it is necessary to repay as soon as possible.

1. If the customer fails to repay the car loan in the auto financing company on time, the overdue repayment will be regarded as a breach of contract by the lending institution. If the lender is a bank, the credit performance of the main lender will be uploaded to the credit report of the People's Bank of China, and marked according to the five types of loans (normal, concerned, secondary, suspicious and loss). Loans overdue (including extension) within 90 days will be marked as concern loans. Overdue for 9 1 day to 180 days is regarded as a subprime loan, and overdue for more than 18 1 day is regarded as a suspicious loan. After taking all possible measures or all necessary legal procedures, the principal and interest can not be recovered, or only a small part of the loan can be recovered, and the loan will be regarded as a loss loan.

2. Secondary, doubtful and loss. The last three loans are non-performing loans. The main lender is blacklisted for dishonesty, and it is unlikely that he will successfully apply for a loan in the bank in the future. Although the default performance of the main lender will not be uploaded to the spouse's credit report, when the bank applies for a loan, both husband and wife will be inquired by the bank, because the spouse must be the borrower, so as long as one of them has serious credit record defects, there is no possibility of approving the loan. In a word, the credit record is the second identity card of an individual, and its quality can determine whether you can do what you want and how much it will cost. Without this second ID card, many important events in life will be blocked or even difficult.