There is basically no impact. The debt owed by my father is a personal debt. If the guarantor of the bank is not a child, it has no effect on children's schooling and joining the army. However, if the child is the guarantor of the father's debt, the bank will freeze the child's bank card or auction the child's house to pay off the debt. However, if children want to inherit their father's inheritance, they need to pay off the debts owed by their father. If the debt exceeds the value of the estate, it may not be repaid unless it is voluntarily repaid. Therefore, my father owes money to the bank. As long as the son is not a guarantor, the son's loan will not be affected.
Second, my father owes a loan to the bank. Can my son still get a loan?
Yes, but you need a mortgage.
Father owes a loan to the bank. Can my son still get a loan?
You can borrow money as long as you don't vouch for others. Banks can borrow money in many ways, but only if you have good credit.
Father owes a loan to the bank. Can my son still get a loan?
Theoretically speaking, your father's credit record does not affect your credit record, but it cannot be said that it does not affect your loan at all, because the credit records of family members will be used as reference data in the pre-loan investigation. Generally speaking, if some family members are in arrears with bank loans for a long time, they will be required to pay off the loans before issuing new loans to borrowers, which also involves social impact.
Besides, if your father's excuse is borrowed by someone else, then this loan is an impostor. You should contact the bank as soon as possible and ask the parties to clarify. If the bank accepts that your father is an impostor, your loan application will be completely unaffected.