Legal analysis: it has no effect on children. Generate penalty interest; Have a bad credit record; Record personal credit information; It usually takes five years to be eliminated; Some serious cases can be postponed to ten years before they can be cleared; Some serious and bad cases will enter the permanent blacklist. Dunning by lending institutions; Dispose of the assets of the borrower and guarantor; If the circumstances are serious, you may go to jail.

Legal basis: Article 118 of the Civil Law of People's Republic of China (PRC), the civil subject enjoys creditor's rights according to law. Creditor's right is the right of obligee to request a specific debtor to perform or not to perform an act based on contract, tort, negotiorum gestio, unjust enrichment and other provisions of the law.

Article 120 Where the civil rights and interests are infringed, the infringed has the right to request the infringer to bear the tort liability.