How to negotiate the repayment of an overdue car loan and what phone number to call?

If your car loan is overdue to negotiate repayment, call the bank service hotline.

If the customer wants to negotiate repayment with the handling bank after the car loan is overdue, he or she can directly call the bank's service hotline to contact the customer service staff. During the negotiation, first state your intention and explain clearly why you are overdue. It is best to provide certain information to prove that you did not intentionally overdue the debt, but that you really do not have the ability to repay. Then you can try to propose extending the repayment period and repaying the debt in installments. The bank shall consider the application for loan as appropriate.

If the first negotiation fails, the customer can also try to modify his proposed repayment plan and communicate with the bank several more times. If the bank finally agrees to the customer's extension request, then the customer only needs to repay the debt in installments on time according to the newly negotiated repayment plan with the bank.

After receiving the application, the bank or auto finance company will verify it with the user. During this period, it is best for the user to submit some strong supporting materials to prove that they are not overdue maliciously and do not have sufficient repayment ability. ;The bank or car finance company will give the final answer. As long as it is indeed overdue due to special reasons and you are subsequently unable to repay on time, then negotiation can usually be successful.

What needs to be noted is:

After the car loan is overdue, you must contact the bank in time, be sure to answer the bank's call, do not avoid it, and actively negotiate solutions with the bank. After a car loan is overdue, if the bank cannot contact the borrower, it will determine that the borrower is maliciously overdue. After a certain overdue period, the lending institution has the right to mortgage the car and use the proceeds to repay the remaining balance.