The Influence Study Of Third Party Guarantee On Consumer Financial Default Risk

From the analysis of the use of credit,consumer finance can be divided into housing consumer finance,automobile consumer finance,credit card and other consumer goods finance.In reality,there are third party guarantees in housing consumption finance and automobile consumption finance.The third party guarantee in housing consumer finance is mainly in the form of the guarantee of the bank mortgage loan margin.The third party guarantee in the automobile consumer finance mainly exists in the passenger car financial service.The inter-guest auto finance model is the consumer+Guarantee Corporation+bank,not the consumer directly looking for the bank to apply for loans.Consumers purchase cars at suppliers,and provide joint and several liability guarantee through Guarantee Corporation accredited banks(usually professional Guarantee corporation or auto dealers),then apply for automotive financial services to banks(usually auto loans or credit card installments).In this way,the risk of the bank is reduced to a certain extent.In the case of consumers’ inability to repay the loan,the Guarantee Corporation will bear the liability for breach of contract.But through Guarantee Corporation loans,most of the loans will be charged,approximately 1-2%of the amount of the loan.The development of car consumption loan business has become a new profit growth point for commercial banks,and at the same time the risk is gradually showing.In this context,this paper studies how to conduct default risk and provide reference and reference for financial institutions to carry out their business.Starting from the relevant background and concepts,this paper makes a theoretical analysis from four aspects:consumers,loan institutions,lenders’ partners and socio-economic environment.On the basis of the game between banks and consumers,a guarantee company is introduced to construct a three-party game model of "consumer-bank-guarantee company".By eliminating the choice of strategy that consumers refuse to dispose of vehicles,this paper analyzes the reasons why third-party guarantees also lead to the risk of consumer financial default.Through logit model analysis,the above factors are ranked by weight,and the five factors that have the greatest impact on the risk of personal automobile consumption loans are:the borrower’s repayment ability.The conclusion is that the credit system is imperfect and the market environment is changing.By investigating the operation of automobile consumption finance of Bank A,this paper analyzes the current situation of credit risk prevention of automobile consumption finance of Bank A,and envisages the future development mode of automobile consumption finance of Bank A.