It will not have any impact. "It will not have any impact on the children. You can rest assured that his father's credit card has unpaid balances. Then the overdue records will be subject to a credit investigation. The final result will be an impact on the father's personal credit. There will be no impact on the children."

1. Does not paying off parents’ credit cards have any impact on their children?

Failure by parents to pay back credit card debt generally does not have a negative impact on their children. After all, the debt is borne by the parents themselves, and the children do not need to bear the responsibility for repayment; and when an overdue payment occurs, bad information is directly recorded on the parents' credit report, and the children's credit will not be damaged as a result. However, if the amount of debt the parents owe is too large and they are sued by the bank and still refuse to repay, and are therefore included in the list of dishonest persons subject to execution by the court, then the children may be implicated to some extent, such as being no longer able to attend high-fee private schools. School.

2. Will overdue credit cards affect children’s schooling?

An overdue credit card will generally not affect your child's schooling. After all, you and your child are two separate individuals, and an overdue credit card is your personal matter.

But everyone also needs to note that if your overdue situation is quite serious, or even serious enough to be sued by the bank and included in the list of dishonest persons by the court, then it is still possible for your child to attend a private school. It will have an impact. But it will have no impact at all if a child goes to a public school. After all, every citizen has the right to education.

Legal basis:

"People's Republic of China and Civil Code"

Article 673 The borrower fails to use the loan in accordance with the agreed purpose In the case of borrowing, the lender may stop disbursing the loan, withdraw the loan in advance or terminate the contract.

Article 674 The borrower shall pay interest according to the agreed period. There is no agreement or the agreement is not clear about the period for payment of interest, and it cannot be determined according to the provisions of Article 510 of this Law. If the loan period is less than one year, it shall be paid when the loan is returned; if the loan period is more than one year, It shall be paid at the end of each year. If the remaining period is less than one year, it shall be paid when the loan is returned.

Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant national regulations.