Does borrowing affect the loan to buy a car?

Borrowing will affect your car loan, but it also has both positive and negative effects. The situation is as follows: the impact is good. Apply for a loan from the central bank. If you pay on time, it can give you a good credit record and help you get a car loan. Have a bad influence. Borrow a credit card. If you are in loans overdue, your overdue application will be published on the credit report, which will reduce the success rate of your car loan application. Debt situation If your loan is not finished, you are in debt. If you have too much debt, you can't apply for a car loan; Even if the debt is small, it will affect your car loan.

If you don't pay off your current car loan, then the mortgage loan will have a great impact. After all, in the case of unpaid car loans, borrowers will increase their mortgage loans, and the repayment pressure will be great. For people with low personal income and poor repayment ability, it is easy to be rejected because of insufficient repayment ability. For friends who have not paid off their car loans, it is best to pay off their car loans first and then apply for a mortgage. Even better, if you can wait a while after returning the car, your passing rate will be much higher.

Consequences of outstanding car loans

① Interest on serious liquidated damages: If the borrower fails to repay the loan within the time limit, the lending institution will call the borrower to remind him to repay the loan first. At the same time, the loan interest rate will also rise, depending on the requirements of both borrowers and borrowers. This is the penalty rate. You know that the penalty interest rate of banks is lower than that of lenders. In addition to liquidated damages, there are also late fees.

② Affect personal credit record: During the loan period, everything that happens will be recorded on personal credit, which will be stained. After that, I wanted to apply for a loan or credit card, but I was basically rejected. If it is serious, it will affect your immigration or your children's education and work. Everyone should know that when applying for a loan from a bank or lending institution, the personal credit report is part of the audit. Don't cherish your credit information now. When I really need it, you will regret it.

(3) Bank prosecution: If the borrower still fails to repay the loan after three months, the other party will file a lawsuit with the bank according to the loan contract or guarantee contract, sometimes the pledge contract or mortgage contract, and then freeze the deposits in all bank accounts of the borrower and guarantor and seize the mortgaged property. Execute the court's judgment: after the judgment, auction the mortgaged items and deduct the borrower's deposit to make up for the bank's loan loss. Legal sanctions: the borrower has the corresponding ability, but refuses to implement the effective legal documents, which will be subject to legal sanctions.