1. Update of repayment record: CreditEase Group will update the borrower's repayment record after the borrower pays off the overdue payment. This means that the borrower's loan status will change from overdue to normal, and future repayment records will no longer show overdue.
2. Return of the Green Paper: As we all know, the Green Paper is one of the important documents for buying a car, representing the legal ownership of the vehicle. CreditEase Group, as a car loan provider, will not repay the green capital because the borrower is overdue. According to the contract, the green paper will be returned to the borrower as scheduled after the borrower has completed all repayment, so as to confirm its legal ownership of the vehicle.
3. Collection and legal risks: If the borrower fails to repay the loan within the time limit, CreditEase Group will carry out collection actions, which may take the form of telephone notification or door-to-door collection. In extreme cases, CreditEase Group also has the right to recover the arrears through legal channels. But this doesn't mean that you won't return the green capital after you pay off your debts within the time limit, and the relevant terms in the contract will not change.
To sum up, Credit Suisse Group's car loan is overdue for one month. According to the contract, the borrower will update the car loan record and return the green copy to the borrower after paying off the overdue money. The borrower can repay the loan on time with confidence, and maintain a good repayment record and legal ownership of the vehicle.
Extended data:
CreditEase Group is a leading integrated auto finance service provider in China, providing consumers and auto dealers with all-round auto finance products and services. Its car loan business is to provide loan funds to consumers so that they can buy cars. CreditEase Group borrowers need to repay on time within the repayment period agreed in the contract, otherwise, overdue fees may be incurred. The repayment terms and related rights and interests agreed in the contract are the basis of the borrowing behavior of both parties, and the borrower should pay attention to and fulfill the relevant obligations.
The above answers are based on common car loan contracts and business operation methods. The specific situation may be different due to the differences in individual contracts. It is suggested that the borrower carefully read the terms of the contract when handling the car loan and consult the Credit Suisse Group for relevant information. Please fulfill the repayment obligation according to the contract, and maintain a good credit record and the legal ownership of the vehicle.