Guaranteeing for others means that you have to bear joint and several liability; Therefore, if a person doesn't pay back the money, you will become a faithless person. If you want to cancel the untrustworthy person, the premise is that you must pay off the bank's debts and then apply to the court; Therefore, when you help others to make a guarantee in the future, you must consider whether you have the ability to guarantee. Once you want to make a guarantee, you must be prepared to repay it, because the guarantee is risky. The person subjected to execution refers to the person who has failed to fulfill the obligations specified in the effective legal documents, and has legal circumstances such as "unable to perform" and "resisting execution", so he is listed on the list of persons subjected to execution by the people's court according to law.

1. According to Article 16 of the Regulations on the Administration of Credit Information Industry, the retention period of personal bad information by credit information agencies is five years from the date of termination of bad behavior or incident, and it will be deleted after five years. But the premise is that there is no new bad record of dishonesty in these five years. Credit "stain" will not last a lifetime. According to the international practice, the general credit stain will be kept for 7 years, and the longest credit stain or bankruptcy record that is particularly serious and obviously malicious can be kept for 10 year.

Second, after the bad records are registered, they cannot be eliminated within a certain period of time, which will affect individuals to apply for loans from banks and even bring great obstacles to individuals to engage in economic and trade activities. "In the past, due to the lack of inter-bank credit information, this bank has a' stain' and can continue to lend to other banks. This kind of behavior with almost no default cost objectively encourages the frequent occurrence of dishonesty. " The person in charge of a commercial bank said, "After the personal credit information system is started, you can check the unique credit record library through your unique ID card, and it is clear at a glance, no matter which bank has defaulted on which loan.

Third, the credit information industry is an industry that provides credit information services in the market economy. As an enterprise providing credit information services, credit reporting agencies legally collect credit information of enterprises and individuals according to certain rules, process and sort out credit reporting products of enterprises and individuals, and provide them to information users who have legitimate needs in economic activities, such as lenders, credit sellers, bidders, lessors, insurers, etc. To facilitate them to know the credit status of their counterparties.

4. Credit information service can not only create conditions for preventing credit risks and ensuring transaction safety, but also enable enterprises and individuals with good credit records to obtain more trading opportunities at lower transaction costs, while enterprises or individuals with poor credit records do the opposite, thus promoting the formation of a social environment of "benefiting from honesty and punishing dishonesty". Credit information industry plays an important and fundamental role in promoting the development of credit economy and the construction of social credit system.