Is it illegal to collect loans? How to report it?

Is it illegal to sell a car loan to a collection company?

According to relevant information, it is illegal. Selling a car loan to a collection company is a transfer of creditor's rights, but the collection company lacks the authority and administrative coercive power given by law, so it is illegal.

Is it illegal for logistics recruitment drivers to let you borrow money to buy a car after collecting auto insurance?

It is illegal for logistics to recruit drivers to charge auto insurance and then let them borrow money to buy a car. This behavior of logistics recruitment belongs to compulsory illegal execution, a scam of logistics companies and a routine for logistics companies to sell cars. Can directly report to the logistics company, suspected of compulsory illegal execution.

Someone else took the car as a mortgage and sold it to me. Does the loan company have the right to take my car?

Whether the car mortgage company can take over the car depends on the loan contract.

If it is stipulated in the contract that the borrower fails to repay the loan within a certain period of time, or the loans overdue exceeds XX times, the lender has the right to take over the car, which is not illegal. The premise is that before the car is collected, the person of the car loan company has informed the borrower of the car collection behavior in advance, and if it is not informed, it is illegal.

If there is no relevant agreement on vehicle collection in the contract, then according to the law, only the public security and judicial organs can forcibly detain and tow away the vehicle according to law. It is also illegal if the car loan company forcibly takes away the borrower's car.

Generally speaking, if the borrower is only overdue, the car loan company will not choose to forcibly collect the car, which will give the borrower a buffer time. Banks generally give borrowers a buffer time of about 3 months, while private auto loan companies generally give borrowers a buffer time of 1-2 months.

During the buffer period, if the borrower still fails to raise funds to repay the arrears, financial institutions will generally take the way of blocking the car or putting pressure on the borrower.

Once passed, the automobile mortgage contract will be terminated by force. The property under the borrower's name will also be frozen and enforced. If the borrower refuses to implement it, all the assets under the borrower's name will be auctioned, and the proceeds from the auction will be used to repay the arrears.

After the repayment is clear, if there is any surplus, it belongs to the borrower. If the loan bill is still not clearly repaid, the borrower still needs to continue to bear the repayment responsibility.

Of course, if the borrower pays off the loan in time after receiving the car, the auto loan company will also choose to return the car.

If you are not clear about your debt and online loan data, you can get an online loan big data report from Beijian Express, which contains detailed online loan application records, overdue details, blacklists and other data.

Extended data:

How to negotiate repayment of overdue car loans?

If you are really unable to repay, you can choose to negotiate with the auto loan company to repay.

First of all, you need to prepare your personal identity information, then calculate the loan principal, interest and penalty interest you owe, and prepare a repayment schedule according to your repayment ability. We must be pragmatic and not opportunistic.

Then call the car loan company to explain their current economic difficulties and express their willingness to negotiate repayment. Usually the first time will be rejected. Borrowers need not be discouraged, and their attitude must be good. Apply more times.

If you can, you can also carry a legally binding proof of economic difficulties, and the success rate can be doubled.

Is it illegal for a car loan company to carry out car loan work without registering with the local vehicle management office?

Violation of laws and regulations. The information about car loan shows that it is illegal for car loan companies to carry out car loan work privately without registration by the local vehicle management office. If the car loan does not go to the vehicle management office for mortgage registration, then the lending institution will not lend money in order to protect its own rights and interests, and the customer who has already repaid the loan still does not go through mortgage registration, then the lending institution will regard the customer as a breach of contract and require the customer to repay all the car loans in advance, so the customer still needs to apply for mortgage in time after applying for the car loan.

What should I do if the car loan is overdue? Is it legal to collect the car after the car loan is overdue?

Friends who have had experience in handling car loans know that if users handle car loans in some auto financing companies, once overdue, the lending institution may directly tow the owner's car away. What should I do if the car loan is overdue? Is it legal to collect the car after the car loan is overdue? Let's follow and find out!

What should I do if the car loan is overdue?

When the lender's car loan is overdue and the lender is temporarily unable to repay it, the lender may entrust some third-party dunning agencies to try to tow the lender's car away.

Lenders need not be too alarmed when they encounter such a thing. After all, for lending institutions, the purpose of some collection measures is to recover the arrears. If the lender has the ability, it can repay the loan and default interest as soon as possible, and the lending institution will also return the car after repayment.

If the lender is unable to repay the arrears, he can contact the lending institution to explain his situation and then ask the lending institution to return the car. Generally speaking, the lender can try to repay part of the loan first to prove his willingness to repay, and the lender is willing to return the car.

Is it legal to collect the car after the car loan is overdue?

In fact, after the car loan is overdue, the lending institution is not qualified to take back the car privately. Under normal circumstances, except as expressly agreed in the contract, only the public security and judicial organs can forcibly detain or tow away the vehicle according to law, and no one else has the right to drive the lender's car.

Even if the contract stipulates that the lender can tow it away, it must be approved by the lender before it can be towed away. It is still illegal to sneak a trailer or rob a car by force.

The above is the related content sharing of "What to do if the car loan is overdue". I hope it will help everyone!

Is it illegal to apply for a mortgage car to do packaging work?

It is illegal to pack a car for mortgage. It is best not to pack it. The bank will find out and it will affect future loans.

First, package the loan routine

Step 1: Publish the package loan advertisement. Call, send text messages, or post "loan intermediary" advertisements on WeChat group and QQ group to attract customers who are in urgent need of funds and do not meet the conditions of bank loans.

Step 2: Seize the mobile phone card and bank card. Guide customers to apply for new phone cards and bank cards, and then detain customers' phone cards and bank cards in the company under the pretext of "facilitating bank flow, replying to bank visits and paying social security accumulation fund".

The third step: packaging high-income people. Customers are "admitted" to the top of shell companies every month, forming a mobile bank. For example, Ms. Chen is packaged as a "department manager" with a monthly salary of 50,000.

Step 4: Guide the loan procedure. Accompany customers to apply for loans at the bank, and instruct them how to fill out the forms and how to answer the bank's inquiries.

Step 5: After the bank lends money, roll up the money and run away. After the bank lends money, it intercepts most of the funds, only transfers a small amount of funds to stabilize customers, and then the company moves the office every once in a while.

Second, the packaged loan is real.

Packaging loans are real, but most of them are unreliable and there are many scams. No institution has the right to change the data and information in the central bank's credit report. If it's just for work, for income, for running water packaging, there is still a chance to muddle through. Therefore, as long as the packaging of credit information is basically a scam, the packaging company that packages personal information will charge a certain handling fee, and it is unknown whether it can lend money smoothly after packaging.

To sum up, this kind of behavior is immoral and may be illegal. The success rate of this kind of loan is not high, most of them are unreliable, and many of them cheat the upfront expenses. In fact, good faith loan packaging is not desirable. First of all, bank audit needs real information, and false information is easy to be found by banks. On the one hand, individuals need to bear the packaging costs; On the other hand, it is still unknown whether the loan can be successfully packaged; Once banks or formal financial institutions find that information is fraudulent, they will be blacklisted and even suspected of defrauding loans, which will not only affect future applications for loans or credit cards, but will also be investigated for criminal responsibility.