The adverse impact of untrustworthy behavior on banks

The adverse effects of credit history are as follows:

1. Affect loans, house purchases, car purchases, etc. Bad credit will affect personal loans, such as the amount of loans, loan interest rates, etc., and in serious cases, they will not be able to get loans, affecting the purchase of houses and cars;

2. Affect transportation, accommodation, etc. If you are included in the list of dishonest people and are restricted from high consumption, it will affect your personal transportation. For example, you can't take planes, trains, or high-end hotels.

3. Affect personal employment. Many large companies will conduct background checks on users before new employees join the company, and personal credit is also used as a reference factor for employers to choose.

4. Affect loved ones. For example, if one of the husband and wife has a bad credit record, the other person will be rejected if he wants to take out a loan to buy a car or a house.

Legal basis: Article 16 of the "Regulations on the Administration of the Credit Reporting Industry".

Article 17. Information subjects may make inquiries into their own information from credit reporting establishments. Personal information subjects have the right to obtain their credit reports free of charge twice a year.

Article 18. Where inquiries are made to personal information from credit reporting establishments, the written consent of the information subject shall be obtained and the use agreed upon. However, there is an exception where the law provides that an inquiry may be made without consent.

Credit reporting establishments must not provide personal information in violation of the provisions of the preceding paragraph.

The consequences of serious untrustworthy conduct are as follows:

1. Enforce the deposit of the person subject to the application for enforcement;

2. Enforce the income of the person subject to the enforcement application;

3. Enforce the property of the person subject to the application for execution;

4. Enforce movable property such as vehicles of the person subject to enforcement;

5. Enforce the accounts receivable and other property of the person subject to enforcement;

6. Enforce the land, real estate and other immovable properties of the person subject to the application for enforcement;

7. Compel the person subject to the application for enforcement to return specific property;

8. Double the payment of interest on the debt during the period of delay in performance and the payment of the penalty for delayed performance;

9. Fines, detention and other compulsory measures;

10. Restrictions on entry and exit.

Judgment defaulters refer to persons who have not performed the obligations set forth in effective legal documents and have legally-prescribed circumstances such as "failure to perform when they have the ability to perform" or "resistance to enforcement", and are thus entered into the list of judgment defaulters by the people's courts in accordance with law. Seriously untrustworthy conduct primarily refers to administrative punishment information that is minor in nature, minor in circumstances, and has a small degree of harm to society.

Legal basis

Several Provisions of the Supreme People's Court on the Publication of Information on the List of Judgment Defaulters for Untrustworthy Muhail".

Article 8: The people's courts shall report the information on the Judgment Defaulters List to the relevant departments, financial regulatory agencies, financial institutions, public institutions and industry associations undertaking administrative functions, and so forth, for the relevant units to give credit punishments to the judgment defaulters in areas such as procurement, bidding and bidding, administrative approvals, support, financing and credit, market access, and qualification determinations in accordance with laws, regulations, and relevant provisions.

The people's courts shall report the information on the Judgment Defaulters List to the credit reporting establishments, and the credit reporting establishments are to record it in their credit reporting systems.

Where state employees, people's congress deputies, CPPCC members, and so forth are included in the list of judgment defaulters, the people's courts shall notify their units and relevant departments of the circumstances of the untrustworthiness.

Where state organs, public institutions, state-owned enterprises, and so forth are included in the list of judgment defaulters, the people's courts shall notify the unit at the level above them, the competent department, or the institution performing the duties of an investor of the circumstances of the untrustworthiness.