Detailed description:
1. Five times in loans overdue: We failed to repay the car loan on time, resulting in five times in loans overdue.
2. The guarantee company impounded the vehicle: Due to the serious overdue situation, the guarantee company took compulsory measures and directly impounded the vehicle.
3. Pay off the loan: In order to get the vehicle back, we made up the loan amount as soon as possible within the time required by the guarantee company.
4. Ask for the full amount again: However, when we went to pick up the car, the guarantee company suddenly asked us to pay the remaining balance of the car loan in one lump sum.
5. Must pay again: In order to get the vehicle back, we must pay the final payment in full again.
Summary:
After five overdue car loans were seized by the guarantee company, we paid off the loan as soon as possible according to its requirements. But what we are facing is another requirement of the guarantee company, which requires a one-time payment of the final payment of the car loan. Finally, in order to get the car back, we were forced to pay the rest of the money again.
Extended data:
Overdue repayment will bring risks and losses to borrowers and lending institutions. According to the contract or relevant laws and regulations, loans overdue may cause a series of consequences such as penalty interest, liquidated damages and vehicle seizure. As the guarantor of the lending institution, the guarantee company has the right to take compulsory measures to protect its interests. Therefore, when encountering the situation in loans overdue, it is an important solution to communicate with the lending institutions in time and repay the arrears as soon as possible.