Whether a child’s schooling will be affected by credit reporting mainly depends on whether the circumstances are serious.

If the circumstances are minor, such as when a parent’s credit report is slightly overdue, it will generally not affect the child’s schooling. If the circumstances are serious, for example, a person’s credit report is so bad that he is included in the list of dishonest persons subject to enforcement and is listed on the court’s announcement list, in this case, the child’s schooling will be affected. The child will not be able to study abroad or attend high-fee private schools. School etc.

For individuals, a person with a bad personal credit report will not be able to participate in normal activities related to banking business, such as being unable to make any form of loans and not being able to apply for and use credit cards. For families, it may affect their children’s education, and their spouses may not be able to take out normal loans. It stipulates that negative credit information will be eliminated after a five-year period under the condition that the loan is repaid.

Nowadays, credit reporting is closely related to people’s lives. If you have a poor credit reporting record, you may be restricted from taking planes or trains, you may also be restricted from getting promoted and staying in hotels, and you may be restricted from doing some high-consumption shopping. It will also be affected by credit reporting.

How to maintain credit reports

First of all, when lenders or credit card holders change important information, they need to update bank information in a timely manner. Take credit cards as an example. If the cardholder's billing address and mobile phone number change, go to the bank to modify the address and mobile phone number. Only then can you receive the credit card confirmation letter and statement on time, and receive bank reminders in a timely manner. SMS to ensure account security.

If the credit card holder does not have enough funds to repay the entire bill amount and does not want to affect his credit record, he can contact the bank in time to choose to return the minimum repayment amount or apply for installment repayment.

Some people think that as long as they eliminate credit cards, they can eliminate personal bad records. In fact, credit records are accompanied by the cardholder's personal identity information. Simply canceling the card cannot eliminate bad records. At this time, you should continue to maintain long-term good use of the card, so that your personal credit record can be "clean" through good credit transactions in the future.