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 can call the user's family and friends 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. The lending institution directly tows the vehicle: If the user is overdue for more than one month, the lending institution can directly tow the vehicle, so that the user cannot 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 may auction the vehicle according to the loan contract;

8. Lending institutions sue users: Lending institutions take users to court, causing users to 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 inquire about 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 executor of bad faith: being listed as an executor will not only affect the lender himself, but also his family and children;

1 1. It is required to pay off all debts at one time: in general, 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.

Legal basis:

Article 9 of the Measures for the Administration of Automobile Loans

The borrower applying for personal auto loan shall meet the following conditions at the same time:

(1) People's Republic of China (PRC) citizens, or Hong Kong, Macao and Taiwan residents and foreigners who have lived in People's Republic of China (PRC) for more than one year (including one year);

(2) Having a valid identity document, a fixed detailed address and full capacity for civil conduct;

(3) Personal legal assets with stable legal income or sufficient to repay the loan principal and interest;

(4) Personal credit is good;

(5) Being able to pay the prescribed down payment;

(6) Other conditions required by the lender.