Impact of the credit blacklist:
1. It is impossible to apply for loans in financial institutions such as banks and microfinance companies. Not only do you want to start a business with a loan, but your capital turnover has become futile. Even applying for a mortgage or car loan will be rejected.
2. You can no longer apply for a credit card. If personal credit has a bad record, it is impossible to get another credit card for personal daily consumption. It's the same in all banks, because all banks can find your credit records.
3, affect personal travel. If the personal credit record is blacklisted, for example, if there is malicious default on bank loans, it will be sued by the bank. It will cause borrowers to be unable to fly, stay in star-rated hotels and so on.
Legal basis:
Article 17 of the Measures for the Administration of Issuance of Ordinary Passports and Entry-Exit Passes of the People's Republic of China. If an applicant has one of the following circumstances, the entry-exit administration of the public security organ shall not issue an ordinary passport:
(1) He does not have the nationality of the People's Republic of China;
(2) unable to prove identity;
(3) practicing fraud in the application process;
(4) being sentenced to a criminal sentence and serving a sentence;
(5) the people's court informs that there are unresolved civil cases that cannot leave the country;
(6) being a defendant or criminal suspect in a criminal case;
(7) The relevant authorities in the State Council believe that leaving the country will endanger national security or cause great losses to national interests.
if a citizen is subject to criminal punishment for disrupting the administration of the country (border) or is repatriated to China for illegal exit, illegal residence or illegal employment, the exit-entry administration department of the public security organ will not issue an ordinary passport within 6 months to 3 years from the date when his punishment is executed or he is repatriated to China.
article 4 of the Supreme People's Court's several provisions on publishing information on the list of people who have been executed in bad faith stipulates that the information recorded and published on the list of people who have been executed in bad faith shall include:
(1) the name, organization code, legal representative or person-in-charge of the legal person or other organization as the person who has been executed;
(2) The name, gender, age and ID number of the natural person who is the person to be executed;
(3) the obligations specified in the effective legal documents and the performance of the person subjected to execution;
(4) the specific circumstances of the untrustworthy behavior of the person subjected to execution;
(5) The producer and document number, execution case number, filing time and execution court of the execution basis;
(6) other matters that the people's court thinks should be recorded and announced, which do not involve state secrets, commercial secrets or personal privacy.
Article 5 stipulates that the people's courts at all levels shall enter the information of the list of people who have been executed in bad faith into the list database of people who have been executed in bad faith in the Supreme People's Court, and publish it to the public through this list database.
article 6 stipulates that the people's court shall notify the relevant government departments, financial regulatory agencies, financial institutions, institutions undertaking administrative functions and trade associations of the information on the list of people who have been executed in bad faith, so that the relevant units can impose credit punishment on people who have been executed in bad faith in terms of government procurement, bidding, administrative examination and approval, government support, financing and credit, market access and qualification identification in accordance with laws, regulations and relevant regulations.