1. Some banks handle one-day delay in payment of auto loans in the same way as credit cards. Call the lenders to remind them to pay first.
2. If the borrower forgets to pay the loan, the payment of the day will not be recorded in his credit record. There are also some banks that monitor the repayment of lenders very strictly, and one day overdue will also cause bad credit records. It depends on how the bank where the lender applies for the loan is set up.
3. When you find yourself overdue in repayment, you can immediately call the customer service phone of the loan bank to explain the situation and repay immediately, so as to minimize the loss. Therefore, after the borrower successfully applies for a loan to buy a car through a lending institution, the borrower must repay the loan on time. Otherwise, the impact of personal credit records is self-evident, and it will also bring them a lot of unnecessary troubles in future loan applications.
what are the consequences of Mercedes-Benz financial repayment failure?
1. affect credit. If the borrower fails to repay the loan, the personal credit investigation will have an overdue record.
2. penalty interest. If loans overdue, Mercedes-Benz Finance will calculate the default interest rate.
3. The main factors that affect personal credit risk score are: repayment in loans overdue, credit card overdraft, failure to repay within the agreed time limit and due amount, too many loan accounts and credit cards, etc.
auto loan requirements:
1. The loan term of auto loan (including extension) shall not exceed 5 years, among which the loan term of used car loan (including extension) shall not exceed 3 years, and the loan term of dealer auto loan shall not exceed 1 year.
2. in addition to the contents specified in article 11 of these measures, the lender shall also add information such as annual inspection of commercial vehicle operation qualification certificate, commercial vehicle depreciation, insurance, etc. to the borrower's credit file.
3. The lender shall periodically check the dealer's automobile and/or spare parts inventory and analyze the dealer's financial statements, and adjust the dealer's credit level and inventory inspection frequency according to the review results.