Legal analysis: 1. If it is overdue for a short time, the overdue amount is not high, and the bank will pay off the arrears in time after collection, which generally has no effect on the children; 2. If there are many overdue times, paying off the arrears before the bank sues will have a great impact on your credit information, but it will generally have no impact on your children. 3. If the overdue period is long, and the purpose is illegal possession, and refuses to repay after being sued by the bank, then it may be listed as a faithless person, and may even go to jail, so the child's schooling will be affected.

Legal basis: Article 3 of the Regulations of the Supreme People's Court Municipality on Restricting the High Consumption of the Executed Person states that if the executed person is a natural person, he shall not engage in the following high consumption and unnecessary consumption behaviors after taking consumption restriction measures:

(a) when taking the means of transportation, choose the second class or above of the plane, train soft sleeper and ship;

(two) high consumption in hotels, hotels, nightclubs, golf courses and other places above the star level;

(three) the purchase of real estate or new construction, expansion, high-grade decoration of housing;

(four) leasing high-grade office buildings, hotels, apartments and other places to work;

(5) Purchasing non-essential vehicles;

(6) tourism and vacation;

(seven) children attending private schools with high fees;

(8) Paying high premiums to purchase insurance wealth management products;

(9) Non-essential consumption behaviors such as taking all seats of G-prefix EMU trains and first-class and above seats of other EMU trains.

If the person subjected to execution is a unit, the person subjected to execution, its legal representative, principal responsible person, person directly responsible for debt performance and actual controller shall not carry out the acts specified in the preceding paragraph after taking measures to restrict consumption. Anyone who uses personal property for private consumption to commit the acts mentioned in the preceding paragraph may apply to the enforcement court for enforcement. If the examination by the enforcement court is true, it shall be allowed.