1. It is impossible to apply for loans in banks

If an individual has a bad credit record and it is serious, he can't apply for loans in any one in China. Because personal credit records are networked in banks, all banks can query them. Therefore, if the personal credit record is not good, you can't apply for a mortgage loan in the bank.

2. You can't apply for a credit card

If an individual has a bad credit record, you can't apply for a credit card for daily consumption. And this effect is the same in all banks.

3, affecting personal travel

If the personal credit record is not good, such as maliciously owing money to the bank, it is not implemented. If it is included in the credit information system by the local court, personal travel will encounter various obstacles, such as not being able to fly and staying in star-rated hotels.