How long is the car loan overdue and how to deal with it?

General car loans will be notified by the staff on the repayment date. Generally, after more than one month, the car will be forcibly detained and it needs to be punished according to the contract. If it is really unable to repay itself, it shall negotiate with the lending institution to extend the repayment period or repay it in installments. You can negotiate with the bank to pay the expected principal, interest and liquidated damages and return the vehicle.

There are no definite restrictions, but in general, if it is overdue for more than 3 months in a row, the car will be impounded before the auction, and your credit may also be affected. The bank will send people to keep urging loans and bear high fines. Secondly, if the bank sues, it is likely to apply to the court to preserve every asset of the individual, such as real estate, cars, deposits, stocks and so on.

Matters needing attention in automobile loans overdue repayment

Pay attention to the overdue repayment of car loans, and personal credit will have a bad record. At this time, the first thing people think of is how to cancel the card. In fact, even if you cancel your card, your credit history is still there, unchanged. Therefore, if you accidentally overdue the car loan, you must pay it off in time. Usually, banks keep credit records for two years. If the personal credit record is good in the last two years, it will directly offset the previous bad record, and other loans will not be affected.

Generally speaking, it includes all repayments (other housing loans, credit cards, etc. ) If the accumulative total is no more than 3 times, and there are justified reasons, the bank can still consider giving you loans and credit cards! Of course, if the bad record is not repaid for more than two months in a row, the consequences will be serious and it will be blacklisted.

Refer to the above? Baidu encyclopedia-car loan