Credit information is only for individuals and will not implicate family members. If the user is not listed as an executor of dishonesty, it will not have any impact on his children, and the main impact is that the user's own credit is damaged.

Therefore, if the loan is not repaid for a long time, it will have a negative impact anyway. Please pay off overdue debts in time.

After the lender has a bad credit report, it will be unable to handle other credit business in the future, which will also have a certain impact on daily life.

Theoretically, parents' credit records have nothing to do with their offspring, and there is no such thing as sitting together. Exceptionally, if parents need to act as guarantors for their children's loans or other financing activities, they need to consider credit records in the guarantor qualification examination. As for academic qualifications, personal credit records will not be inquired for employment, and bad credit records will not be affected (except for financial institutions, employees are generally required to provide credit records when they join the job, and those with bad credit records will be rejected, depending on the regulations of specific institutions).

The function of PBC's credit record to financial institutions is mainly to examine the borrower's performance ability. Applicants with poor default credit record have poor performance ability (or willingness to perform) and high risks, and generally do not accept cooperation. As for the specific standards, different institutions will have different regulations for different products and different tolerances. In other words, there is no mandatory credit record, but a reference standard for examining the qualifications of applicants.

legal ground

Regulations on the Administration of Credit Information Industry _

Fifteenth information providers to provide personal bad information to credit reporting agencies, should inform the information subject in advance. However, bad information disclosed in accordance with laws and administrative regulations is excluded.

_ Article 16 The retention period of personal bad information by credit reporting agencies is five years from the date of termination of bad behavior or events; More than 5 years, should be deleted. During the retention period of bad information, the information subject may explain the bad information, and the credit reporting institution shall record it.