Many people still don't understand the saying that black households have influenced three generations. Let's talk about this issue in detail.

Credit black households generally do not affect three generations. Credit black account usually means that there are many or serious overdue records on personal credit records, such as three consecutive times and six consecutive times. Poor personal credit information will affect my handling of credit cards, loans and other financial services, but it will have little impact on my children and grandchildren. Banks and financial institutions will not inquire about the credit information of parents or grandparents when children and grandchildren handle credit business such as car loans and mortgages.

However, if parents or grandparents, as co-borrower, apply for student loans for their children and grandchildren, their credit information is also within the scope of bank review, so it will also have a certain impact on the approval results.