First of all, they will bear a high penalty interest, and those who fail to pay for a long time will be detained. If the lender fails to perform the judgment within the performance period after winning the case, it will apply for enforcement; When accepting enforcement, it will inquire about the property, vehicles, securities, deposits, etc. under the name of the lender according to law.
The correct way after the overdue car loan should be:
First, the first is to pay off the overdue.
For overdue car loans, the car is mortgaged in the bank, and the owner himself does not have full ownership, so there are certain reasons for others to detain the car. In this case, the best solution is to raise money to settle the overdue, so that you can get back to the car.
Second, negotiate repayment.
For the temporary economic turnover problem, we should negotiate with the bank or the detaining party in time, ask for a certain grace period, or re-formulate the repayment plan. If you really have no money, it's no use for others to impound the car. Sometimes we can negotiate.
Third, clarify the terms of the contract.
Regular car loans are generally contracted. Now banks usually collect money through debt collection companies, and they may not study the terms of the contract seriously. First of all, you should take out the previous contract and see how it is agreed to detain the car.
Fourth, illegal seizure of cars can
If you don't breach the contract or detain the car in violation of the contract, you should ask the detaining party to return the car immediately. If the other party doesn't answer, you can ask. (Photo/Text/Photo: Cao Bo) @20 19
Is it legal to be detained if the car loan is overdue for less than one month?
Bian Xiao is about "Is the car loan overdue for less than one month legally detained?" Provide you with the following related contents:
It is illegal for a car loan to be overdue for less than one month;
1 and 1 month, default interest will be incurred;
2, 1 month (more than 30 years), the bank will have SMS notification;
3. After more than 3 months (90 days), the bank will call or collect it at home;
4. After 6 months, the bank will send some subpoenas to the borrower's home. On the day of the court session, regardless of whether the borrower appears in court or not, the collateral originally mortgaged by the borrower to the bank will be frozen and then auctioned. The proceeds from the collateral auction will be used for repayment.
The loan car was detained and the rest of the loans were not paid back, which now causes bad personal credit information. What should I do? The car was disposed of by the loan agency that impounded the car.
If the car loan cannot be repaid, it is overdue. After the car is towed away, it will be auctioned, and then the proceeds from the auction will be used to compensate the outstanding debts. If the compensation is paid off, the customer does not have to pay it back.
If the auction proceeds fail to pay off the loan, the customer still needs to repay the remaining outstanding loan. If there is any money left after compensation, the extra money will be returned to the customer.
Of course, in any case, the car can't be returned, and the customer bought the car for nothing, and the down payment paid before can't be refunded.
If the customer doesn't want the car towed away, it's best to find a way to pay off the debt as soon as possible after the deadline. Even if he can't pay off for a while, he can take the initiative to contact the handling bank (auto consumption finance company) to negotiate and try to apply for an extension of the repayment period and repayment by installments.
Of course, it should be noted that banks (auto consumer finance companies) are not allowed to tow cars privately, so they have to file a lawsuit with the court and submit it to compulsory execution. If it is towed away privately, the customer can also call the police.
Extended data:
Half of the car loan has been paid. What should I do if I have no money to pay it back?
1. Deferred repayment: You can contact the lending institution in advance, explain the reasons why you can't repay the loan on time, and apply for deferred repayment. After the application is successful, the repayment can be postponed to avoid overdue repayment;
2. Borrow money first: borrow money from relatives and friends to repay the loan first, because loans overdue's failure will not only affect his personal credit, but also lead to the consequences of the vehicle being towed away, so if he really pays off the car loan in a short time, he can borrow money from others first;
3. Negotiate with the lending institution: If it is really impossible to pay off the car loan, you can explain to the lending institution that you can't pay off the loan, then the lending institution will take back the car for auction;
4. Resale the vehicle: If the borrower is unable to repay the loan, he can sell the vehicle to others or other car loan finance companies and repay the loan with the money sold.
This is the end of the introduction that the loan car was detained and entrusted by the bank. I wonder if you found the information you need from it?