First, will a man who breaks his word implicate three generations?
Under normal circumstances, three generations of children will not be implicated, unless the children have participated in the signing of the contract as guarantors and are included in the list of untrustworthy people, the consumption restriction order will be implemented, which will affect the children's inability to attend high-consumption private schools. China's latest civil code stipulates that credit information will be punished according to law once it is destroyed. For example, some high-consumption behaviors are prohibited, including flying, sleeping on trains and taking high-speed trains. People with poor credit information will refuse to apply for loans and credit cards;
How do two or three generations of untrustworthy people recover their credit?
According to the relevant laws, there are two ways to remove the list of people who have lost their trust. One way is to delete it when it is mature, but this way has not been completely removed. Another way is to delete the judgment by execution, and the borrower will take the initiative to pay overdue interest according to the agreement or relevant state regulations. If the parties reach an implementation settlement agreement and have fulfilled it, they may decide to delete the untrustworthy information in advance.
Third, the bad effects and consequences of the faithless are mainly as follows:
1. The assets under his name were seized and auctioned.
2. Prohibit high consumption (such as hotels, hotels, golf courses and other high-end places above the star level), and restrict stock trading, buying houses and leaving the country.
3. You can't go to banks or other financial institutions for loans and credit cards.
4. He shall not be the legal representative, director, supervisor or senior manager of any company nationwide.
5. You can't fly, you can't buy a train sleeper and a second-class seat or above, you can't take all the seats of the G-prefix EMU train and the first-class seats of other EMU trains, you can't buy a private car to walk instead of walking, and the vehicles under your name can't get on the expressway.
6. Children can't attend private schools with high fees (public schools can still enroll students normally).
7. The list of untrustworthy executors is synchronized with Sesame Credit.
8. The maximum sentence will be 7 years (if the circumstances are serious, it will be sentenced to fixed-term imprisonment of not more than 3 years, criminal detention or fine; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined.
Legal basis:
Article 1 of "Several Provisions of the Supreme People's Court Municipality on Publishing the Information of the List of Executed Persons with Disbelief"
If the person subjected to execution fails to fulfill the obligations specified in the effective legal documents, and under any of the following circumstances, the people's court shall include him in the list of people subjected to execution for breach of trust and impose credit punishment on him according to law:
(1) Having the ability to perform and refusing to perform the obligations specified in the effective legal documents;
(2) Obstructing or resisting execution by forging evidence, violence or threats;
(3) evading execution by means of false litigation, false arbitration or concealing or transferring property;
(4) Violating the property reporting system;
(5) Violating the consumption restriction order;
(6) refusing to perform the settlement agreement without justifiable reasons.