1. When applying for financial or real estate-related services, such as loans, credit cards, house leasing, etc. , individuals or enterprises with illegal credit information may be refused or their quotas restricted.

2. Black credit users may not be able to get low-interest loans or credit cards, or they may have to bear higher interest rates and extra handling fees.

3. Individuals or enterprises with illegal credit reporting may encounter some difficulties in job hunting. Some employers may take credit records as one of the important reference factors in employment decisions, and people with bad credit may lose their job opportunities.

4. Individuals or enterprises that violate the rules of credit reporting may not be able to obtain more flexible payment terms, such as monthly payment and deferred payment.

The credit reference agency in Hong Kong will not directly determine the loan approval decision of banks or credit institutions, but banks and credit institutions can refer to the credit records and risk assessment information provided by the credit reference agency when considering loan applications.