The blacklist of credit information is reflected in the credit information institutions because banks, credit cards and online loans are overdue. There are many overdue records in credit information, which are blacklisted by major banks and financial institutions. The blacklist of credit information is not a blacklist of untrustworthy people, but only entered the blacklist of credit information, so it is impossible to borrow money from banks and financial institutions. But it is not as serious as the blacklist of untrustworthy people.
consequences of being blacklisted by banks:
1. Limited capital activities and consumption
As banks are blacklisted, they will not be able to apply for mortgage, car loan, commercial loan, credit card, etc. from banks in the future. For those who still have outstanding debts in some banks, they need to pay off their debts before they can handle deposits, transfers and other businesses.
2. Spouses and children are implicated
For those blacklisted by banks, their spouses and children will also be implicated. When the bank checks the credit, it will check the credit of the spouse. Therefore, if a husband and wife break their promises, the other party will also be restricted by the bank to handle business. If the bank has applied to the court to include you in the list of dishonest people, your children will not be able to enter high-cost private schools.
3. Work is blocked
After entering the bank blacklist, it will also be negatively affected when looking for a job and applying for preferential government policies. If you are a legal person or an out-of-control person, your business in the bank will also be restricted.
the blacklist data is kept in the personal credit information system of the central bank for 5 years, and the negative information such as particularly serious and obviously malicious bankruptcy is kept for 1 years. If the retention period is exceeded, the negative records in the personal credit report will be deleted.