1. What should I do if my car mortgage says there is a record of overdue repayment and I cannot get a loan to buy a car?
Contact the lending bank to resolve the overdue problem and maintain a certain consumption record before you can apply for a loan. If you want to buy a car, you cannot get a loan if it is overdue.
Solutions to bad overdue records:
1. Bad records caused by personal reasons: An accidental overdue record will not affect you too much. Do not leave bad debt records. Pay attention to normal and good consumption habits in your future life. A good credit record will cover up previous bad records and eliminate the impact.
2. Bad records caused by bank reasons: For overdue records due to late bank arrival time, system upgrades, etc., you can contact the bank to apply to modify the record, issue a non-malicious overdue certificate, and have a credit record after 3 months It can be modified. For specific operation procedures, please contact bank staff. If the credit record is bad due to personal reasons, it cannot be modified.
Note: The retention period of bad information records is 5 years, that is, the credit report only records the past 5 years, and the bad records 5 years ago will be overwritten (credit card applications only look at the applicant’s credit in the past 2 years) Record).
2. Do paying for a car and buying a car with a loan mean the same thing? If not what's the difference? Please give me more details
Car payments are generally monthly payments or loan payments. Same meaning.
3. How to deal with the installment car loan that cannot be repaid
The specific solutions are as follows: 1. If the car loan cannot be repaid, it is recommended that the customer contact the handling bank proactively (Automobile consumer finance company) customer service staff negotiate, clearly explain the situation that the individual does not have the ability to repay (at the same time, you can submit certain supporting materials, such as unemployment certificate, labor contract termination certificate, etc.), express your sincerity to repay the loan. The idea of ????repayment, and then try to apply for an extension of the repayment period and repay the debt in installments. The handling bank (auto consumer finance company) will consider it at its discretion and may grant a certain period of extension if the customer is indeed justified. 2. In addition, customers can try to borrow money from family and friends around them to repay the car loan. When they have money in hand, they can repay the car loan on time, and then return the borrowed money to their relatives and friends. 3. If the deadline is not met, the bank will take back the car for auction and use the proceeds from the auction to offset the remaining loan. If the auction proceeds are less than the loan amount, the parties concerned must make up the amount. If the loan amount exceeds the loan amount, the bank will refund the excess amount. If the lender refuses to enforce the loan, the bank will enforce the loan. : 1. Car loan Car loan refers to the loan extended by the lender to the borrower who applies to purchase a car. Car consumption loans are a new loan method that banks issue RMB-guaranteed loans to car buyers who purchase cars at their authorized dealers. The interest rate of automobile consumer loans refers to the ratio of the loan amount to the principal issued by the bank to consumers, that is, borrowers, for the purchase of self-use cars (non-profit family cars or commercial vehicles with 7 seats or less (inclusive)). The higher the interest rate, the greater the repayment amount the consumer will have to pay. 2. Car loan application process 1. First of all, the borrower needs to prepare ID card, proof of residence, employment certificate, proof of loan purpose and other supporting materials, go to a bank, fill out an application form, and fill out a contract. 2. Then, wait for the bank’s pre-loan qualification investigation and approval. If the borrower meets the loan conditions specified by the bank, the bank will notify the borrower to fill in some loan form materials. If the loan applied for by the borrower requires mortgage or guarantee, it is also necessary to sign a guarantee contract, a mortgage contract, and go through the mortgage registration procedures; if it is handled, there is no need to sign such a contract. 3. Secondly, banks issue loans to borrowers. Generally, banks will issue loans after approval within 2 to 3 weeks or 1 month, and the loan can be released as soon as 1 day. 4. Finally, the borrower pays the down payment to the car dealer and goes through the procedures for picking up the car with the passbook and the car delivery note issued by the bank. In the process of applying for a personal car consumer loan, the applicant needs a copy of the ID card, a copy of the household register, a copy of the marriage certificate, a proof of income, a bank statement, a copy of the real estate certificate and other procedures.