Non-payment on a credit card will not directly affect your child’s credit record or financial situation. Credit cards are the cardholder's personal debt and are the cardholder's responsibility. Therefore, even if a parent or parents fails to repay a credit card debt, the child's credit history and financial situation will usually not be directly affected.

Specifically:

1. Does not affect the children’s credit record: The credit record is established based on the individual’s credit behavior. Even if a parent fails to pay off a credit card debt, this will not be reflected directly on the child's credit history. The child's own credit history will be assessed based on his or her own repayment performance and financial behavior.

2. Does not affect children’s financial status: Credit card debt is the cardholder’s personal debt responsibility. If a parent cannot pay off their credit card debt, the children are generally not responsible or have any financial risk. A child's personal finances and debt levels will be independent of a parent's credit card issues.

Summary:

Failure to repay a credit card will not directly affect your child’s credit record or financial situation. Your children's credit history and financial situation will be assessed and judged based on their own behavior and repayment performance. However, failure to repay credit card debt can have an impact on a parent's personal financial situation, so it is recommended to adhere to credit card repayment obligations to avoid financial hardship.

Extended information:

Credit card is a convenient consumption tool, but it also needs to be used responsibly. Failure to repay on time can result in the accumulation of interest and penalties and have a negative impact on a person's credit history. Therefore, timely repayment is one of the keys to maintaining a good credit record and financial status, both for yourself and your children.