Once your credit card is not repaid, it will have an extremely negative impact on you and your family.

Theoretically speaking, a credit card is issued by an individual. Generally, if the credit card is defaulted, the bank will notify the individual directly and it will be OK to pay it back slowly, without affecting other people in the family. However, this is not the case at all!

The first thing that will be affected is the spouse of the credit card debtor, because there is a legal provision regarding marital debt. Although the credit card is applied for in the name of an individual, as long as the credit card debt is used, If both spouses live together, then the spouse has the obligation to repay the debt. If the spouse can provide evidence to prove that he has not spent a penny from the debtor's credit card, he can avoid such legal liability. However, the possibility of a spouse producing such evidence is very small, unless the relationship between the couple is not too normal!

The impact is still on the spouse. Even if you take a loan to buy a house in the name of your spouse, it is impossible, because the house loan depends on the credit records of both spouses. If either party’s record is not good, All of them will be rejected by the bank!

In addition to the impact on the spouse, there is also a great impact on the children. Of course, there is a premise that the credit card debtor does not have the money to deal with the credit card debt, but deliberately does not. Processed and sentenced by the court! He has become the list of dishonest persons in the court, which is what we commonly call "Lao Lai". In this case, it will affect the children's schooling.