It is best to deposit this money one day before the repayment date, and the amount should be greater than the monthly mortgage loan amount. If the mortgage can't guarantee that the account has enough balance on the day of deduction, it will lead to the failure and overdue of deduction. In addition, the bank will send SMS reminders to users several days in advance, and cardholders can deposit enough funds in time after receiving the reminder SMS.
After the repayment is overdue, you should repay as soon as possible and contact the bank to explain the reasons for the overdue. If they can accept your explanation, they may not even report to the central bank's personal credit information center. If it has been reported, as long as the repayment is made on time, the bad record will be automatically eliminated after the overdue repayment is eliminated.
Extended data
The influence of loans overdue
1. Credit information is damaged, which affects the loan.
Generally speaking, when we apply for a loan, the lending institution will check your credit report. If the mortgage loan is overdue, your credit report will always be overdue. If there is an overdue record on your credit report, the loan will generally not be approved. Even if you make up the loan payment later, the overdue record will generally last for more than five years.
2. Pay penalty interest and overdue fine.
If you don't pay off your monthly mortgage on time and the mortgage is overdue, you will first receive a phone call or SMS reminder from the loan bank. Penalty interest is generally calculated from this time, and the penalty interest of each bank is different.
Late payment fee means that when your mortgage is overdue, the loan bank will give you seven days to make up the arrears. If you make up within these seven days, you will not be charged late payment fee. However, if it exceeds 7 days, the bank will charge a late fee.
3. The bank sued and the house payment was lost.
In the bank loan contract, the bank will set a default clause: if the borrower fails to repay the loan for three consecutive times or six times in total, the borrower must repay all the loan principal and interest at one time. If the repayment is overdue for three consecutive times or six times, and all the loan principal and interest cannot be paid off at one time, the bank will bring a lawsuit to the court.
The court will take measures such as property preservation to freeze the lender's bank deposits and seal up the mortgaged property. After the court's decision, it will be enforced according to law to pay off the bank's loan losses.
References:
People's Daily Online-Is it easy to generate overdue records when the mortgage is repaid on the deduction date? Many post-loans overdue companies find it difficult to refinance.