1, the house purchase credit line will be reduced.

If you have a bad credit card history in the past. Then when you borrow money to buy a house in the future, the bank will review your past credit. If you want to borrow 800 thousand, then the bank may only take 300 thousand.

The bank may raise or not give you preferential loan interest rate.

When making a loan, the biggest consideration is the interest rate of the loan. If you have a bad credit record, the bank may not give you the preferential interest rate you deserve, or raise your loan interest rate. It has greatly affected the cost of your loan.

3. Banks may directly refuse large loans.

If there are many bad credit records, then these records will be recorded. Banks can check these serious bad credit records. When they borrow money, they may directly refuse the loan application.

4, affect personal job hunting and promotion.

With the improvement of social personal credit system. Many times, our bad credit records will affect our future studies, job hunting and promotion. Perhaps a little negligence in front will greatly affect our future personal development.