Hundreds of mobile phones are repaid in installments for six years, and there is no overdue record of bank credit information, which will affect housing loans.
Yes Six years overdue is a very serious bad credit record, belonging to people who have broken their promises. According to China's "People's Republic of China (PRC) Contract Law", those who break their promises are restricted from high consumption, and those who break their promises will not be allowed to enter and leave high-consumption places such as high-end hotels and golf courses. The person who is untrustworthy will not be allowed to take the plane, high-speed rail soft sleeper and other means of transportation. The person who is untrustworthy will not be allowed to handle financial services such as credit cards and loans. You can't be an executive or legal person of the company, so you can't borrow money to buy a car.