What should I do if the deduction fails on the day of car loan repayment?

Car loan deduction failed, and the user's manual repayment process: first, call the customer service hotline of the lending institution, indicating that the automatic deduction failed, and you have to repay manually; The customer service staff will give the user a repayment account; The user transfers the repayment amount of the car loan in the current month to the account by means of transfer, and notes his name, ID number and other related information. After the account receives the repayment amount, it will be verified by the staff. As long as the repayment is received on the repayment date, it will be considered as normal repayment by the user.

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After handling the car loan, you must repay it on time every month. As long as the money is deposited in the detained bank card, the bank will generally automatically transfer the money for repayment. If the deduction fails due to bank upgrade or insufficient funds in the borrower's account on the day of car loan, the borrower can contact the customer service staff of the bank by phone first to understand the reason, explain the situation and consult the customer service staff on related issues. If the funds in the debit card are insufficient, you need to deposit the full amount of funds, and then wait for the bank to deduct again. The deduction time of each bank is different, but generally it is only deducted once on the same day. If the deduction is unsuccessful on the same day, it will be deducted once a day after the repayment date until the monthly payment is paid off on the same day. In addition, if the car loan is not deducted successfully on that day, it is also overdue. Therefore, first of all, it is necessary to clarify the reasons for the unsuccessful deduction on that day. If it is caused by the bank, the bank must eliminate the bad records in the credit investigation. If it is for your own reasons, you must remember to deposit the money in the bank card in advance to avoid overdue.

What are the precautions when handling car loans?

First, check whether the relevant information is complete.

Generally speaking, to apply for a loan from a lending institution, you need to bring the following documents: personal identity card, marriage certificate, work certificate, income certificate and other necessary supporting materials. Bian Xiao suggested that you must carefully check these documents before going out. In order to avoid running back and forth because of backwardness, and then wasting time and energy.

Second, carefully check the terms of the loan contract.

Before signing a formal auto loan contract, the borrower must carefully check every clause in the loan contract. Since most lending institutions now provide printed format contracts, their credit managers will not introduce the loans in detail one by one, but only focus on them, which may lead to deliberate neglect of some terms. Therefore, applicants must study one by one, and don't wait until they formally sign it to regret it.

Third, pay attention to the repayment method and time.

After signing the formal loan contract, the car loan was basically completed. For borrowers, it is important to remember the repayment method and time of their car loans. At present, auto loans are mainly divided into two repayment methods: equal principal and interest and average principal. The monthly repayment amount of equal principal and interest is the same, but the interest paid is more, the repayment in the average capital decreases month by month, and the interest is less, but the repayment amount in the previous period is more. As for the repayment time, only the time stipulated in the contract shall prevail. The borrower must repay the loan on time and not overdue, otherwise it will not only be charged a certain penalty interest by the lending institution, but also affect its credit history.