Will the bank call for payment when the car loan is overdue?

The dunning notice is usually issued when the telephone call is unsuccessful, which is intended to create a tense atmosphere and urge the borrower to repay the loan immediately. It is a means for banks to revitalize non-performing loans. Of course, it does not rule out that banks can be used as strong evidence when they bring a lawsuit to the court as a last resort.

However, if the borrower's breach of contract is not intentional, but is indeed caused by economic difficulties, the bank usually will not file a lawsuit. If repayment is really difficult, you can apply for deferred repayment or negotiate repayment. The so-called negotiated repayment means that part of the funds can be returned first if possible.

From the literal meaning, it is not difficult to see that the collection notice is issued for overdue people, so there is no doubt that when you get this notice, it means that your personal credit has been damaged by overdue repayment. However, there is no need to tread on thin ice and worry too much, because short-term overdue repayment will not cause obstacles to applying for loans or credit cards in the future. Therefore, it is your top priority to repay immediately after receiving the reminder.