1. Unable to get a loan and apply for a credit card.

The degree of credit is related to all aspects of our lives. Once overdue. Overdue records will be uploaded to the central bank for credit information, which will prevent borrowers from applying for loans and credit cards in the future. Not only is it impossible to apply for loans from banks, microfinance companies and other financial institutions, but the loan business and capital turnover have also become futile, and even applications for mortgage loans and car loans will be rejected.

Besides, you can't apply for a credit card. If you have a bad personal credit record, it is impossible to apply for a credit card because of your daily consumption. All banks are the same, because all banks can check your credit history.

Life is limited everywhere, so it is impossible to take the high-speed train by plane.

Breaking faith is not only limited by doing business, but also has a "threshold" in life. The Guiding Opinions on Establishing and Perfecting the Joint Incentive System of Trustworthiness and the Joint Punishment System of Trustworthiness to Accelerate the Construction of Social Integrity points out that "for serious untrustworthy subjects who have the ability to perform but refuse to perform, measures such as restricting exit, restricting the purchase of real estate, flying, taking high-level trains and seats, traveling and vacationing, staying in hotels above star level, etc."

3, affecting the family, children can not go to key schools.

Personal credit records not only affect themselves, but also affect a family. For example, if the husband has a bad credit record, the wife's mortgage loan will also be rejected. Some "Lao Lai" who deliberately delay paying their debts will be blacklisted, and their daughters will not be able to attend key schools.

4. Affect personal career.

If the circumstances of continuous overdue are serious, the bank or creditor will publish the ID number and overdue information in the media, or notify the work unit. Malicious or intentional default, the bank will sue, affecting employment and promotion.

5. Send a lawyer's letter and bring a lawsuit to the court.

Lending institutions will collect loans according to law and bring a lawsuit to the court according to the loan contract and guarantee contract. The court will take measures such as property preservation, including freezing deposits in all bank accounts of lenders and loan guarantors and sealing up pledged property.

6. Execution after judgment.

After the judgment is made, the property will be enforced according to law (deducting deposits, auctioning collateral, etc.). ) to pay off the loan loss. The text includes: loan principal, loan interest, overdue interest, penalty interest, all litigation costs arising therefrom, and related expenses incurred in disposing of mortgaged (pledged) goods.

7. Pensions can be deducted directly.

The pension due to the person subjected to execution shall be regarded as the fixed income of the person subjected to execution at a third party and belong to the scope of his responsible property. According to Article 243rd of the Civil Procedure Law of People's Republic of China (PRC), the people's court has the right to freeze or deduct. However, before freezing or deducting, the necessary living expenses of the person subjected to execution and his dependents shall be reserved.

8. Those with serious circumstances will be sentenced.

Those who have the ability to refuse to implement the effective legal judgment documents will be punished by law. In particular, if the debtor fails to repay, the guarantor shall bear the responsibility for repayment.

Legal basis:

"Several Provisions of the Supreme People's Court Municipality on Publishing the Information of the List of Persons Executed in Disbelief"

Article 1 If the person subjected to execution fails to fulfill the obligations specified in the effective legal documents, and under any of the following circumstances, the people's court shall include him in the list of people subjected to execution for breach of trust, and impose credit punishment on him according to law:

1, refusing to perform the obligations specified in the effective legal documents when it has the ability to perform;

2. Obstructing or resisting execution by forging evidence, violence or threats;

3. Evading execution by false litigation, false arbitration or concealing or transferring property;

4. Violating the property reporting system;

5. Violating the consumption restriction order;

6. Refusing to perform the settlement agreement without justifiable reasons.

Article 3. If the person subjected to execution is a natural person, after taking consumption restriction measures, he shall not engage in the following high-consumption and unnecessary consumption behaviors: (1) When taking a means of transportation, he shall choose the second-class or above cabin of an airplane, train or ship; (two) high consumption in hotels, hotels, nightclubs, golf courses and other places above the star level; (three) the purchase of real estate or new construction, expansion, high-grade decoration of housing; (four) leasing high-grade office buildings, hotels, apartments and other places to work; (5) Purchasing non-essential vehicles; (6) tourism and vacation; (seven) children attending private schools with high fees; (8) Paying high premiums to purchase insurance wealth management products; (9) Non-essential consumption behaviors such as taking all seats of G-prefix EMU trains and first-class and above seats of other EMU trains.