The consequences of overdue loans for China Auto Flash Loan are as follows:
(1) telephone collection. If there are overdue bills, Shenzhou Car Flash Loan will be notified by customer service phone or SMS. The next day after the borrower is overdue, there will be a sales consultant to contact until you pay back the money.
(2) collect penalty interest and late fees. Collect a certain percentage of late fees on a daily basis. For details, please consult customer service before lending. Please ensure that the automatic repayment bank card information is correct and the balance is sufficient.
(3) Loans are difficult. If it is overdue, it will be difficult to borrow it next time. Generally speaking, China Car Flash Loan will not issue loans to overdue users.
(4) Being towed away, if the debt is not paid off within seven days, you will start the car picking-up procedure, which means that your car will be towed away and cannot be used, and the towing fee will still be paid by yourself.