1. What should I do if the car mortgage credit card is not returned?

If the vehicle mortgage credit card is not returned, the borrower will contact the bank to discuss whether the loan period can be extended. If the bank allows, the borrower can suspend the repayment pressure and then repay the loan on time according to the agreed new repayment period.

Of course, banks or lending institutions may disagree. In this regard, borrowers can try to borrow money from relatives and friends around them, first borrow money to pay back the car loan, and then pay back the money to relatives and friends after the funds are sufficient.

If the borrower is really unable to repay the loan, as long as there is a guarantor for the vehicle mortgage loan, the bank can also ask the guarantor to bear the corresponding guarantee responsibility and repay the loan for the borrower.

Banks can also directly apply to the court for auction of vehicles, and then use the proceeds from the auction of vehicles to deduct the unpaid part of the car loan.

If all deductions are made, the borrower will not have to pay them back in the future. After deducting the loan, if the auction proceeds still remain, the bank will also return the remaining funds to the borrower. Of course, if the proceeds from the vehicle auction are not enough to repay the outstanding part of the car loan, then the borrower still needs to repay the remaining loan later.

Second, what should I do if the vehicle mortgage loan is not repaid?

1. Apply for a credit loan

As long as your personal qualifications are acceptable, your personal credit is good, and your repayment ability is stable, you can successfully obtain a credit fund and solve your urgent needs.

2. Apply for deferred repayment.

Due to the short loan period and heavy repayment pressure, some lending institutions have specially paved a back road for borrowers to extend the loan period, which not only relieves the worries of non-repayment of loans and vehicle mortgage, but also avoids the embarrassment of borrowers encountering late payment fees.

Step 3 withdraw cash with a credit card

The maximum cash withdrawal amount on the day of credit card withdrawal is 2000 yuan. If it is withdrawn in batches, the maximum amount can only reach 50% of the credit line. In the final analysis, whether the mortgaged vehicle can be untied depends on different people.

Third, the consequences of not returning the credit card.

1, high interest and late fees

If the cardholder fails to repay the credit card, he will no longer enjoy the interest-free period of the credit card, and will charge 0.5% interest every day from the date of consumption, and compound interest will be calculated monthly. If you owe tens of thousands of yuan in less than a few days, you will generate thousands of yuan of interest, and the longer the time, the higher the interest.

If the credit card fails to repay in time after the interest-free period, the bank will charge the credit card holder a late fee, accounting for 5% of the unpaid minimum repayment amount. After a certain period of time, the bank will charge the cardholder a higher penalty interest.

2. Personal credit stain

As long as you have applied for a credit card or loan, you will know how important your personal credit record is. It will be very difficult to apply for a credit card once your credit history is tainted. This is not the most troublesome. Worst of all, if you want to buy a house with a credit stain in the future, the loan amount of a mortgage will be less than others' interest rate, but higher than others' interest rate. If it expires, the bank won't lend it to you.

3. The credit card has been stopped.

If the credit card is not repaid, the bank will withdraw the revolving credit given to the cardholder and the credit card will be deactivated. For those who owe money for many times or for a long time, the bank will think that the cardholder's repayment risk is high, and will stop using the credit card and recover the arrears from the cardholder. If the bank still can't repay the credit card debt, the bank can apply for auctioning other fixed assets of the cardholder.

4. Malicious arrears will be sentenced.

If the credit card is overdue for more than three months, it will be regarded as malicious overdraft and the bank can initiate judicial proceedings.

If you can't repay the car loan and credit card, you need to apply for deferred repayment. If the credit card is overdue for more than half a year, you can't continue to use it. After the credit card application is successful, the issuing bank will open an independent credit card account for the cardholder to make purchases, and then make settlement after withdrawing cash. Credit cards have a certain interest-free period, and different banks have different regulations on interest-free period, which is generally 20~56 days.