With the development of the financial sector, lending has become one of the daily operations of many people. However, there is a high risk of delays in the lending process, at which point the credit records of individuals are affected. So, how long will it take to become a blackhouse

How long will it be

I. How long does it take to be black

First, let's explain what "blackhouse" is. Black-listed persons are those whose credit records are extremely poor because of their credit record problems and who are placed on the “blacklist” by financial institutions. In particular, credit loans that have been outstanding for more than 30 days will be entered into the bank's “late list” and this information is also reported to the National Correspondence Centre, so that more than 30 days may become a blackout。

But what we need to note is that the time frame for becoming a blackhouse is not fixed, but will vary depending on the industry and the financial institutions. For example, in the credit card industry, blacklisting occurs after 90 days; in the banking lending sector, blacklisting takes more than 120 days。

II. THE IMPACT OF LAUNCHING BLACKERS

The impact of being a blacker on an individual ' s credit record and on financial life is significant, mainly in the following areas:

1. Damages to credit records: blackouts cause serious damage to personal credit records, which are one of the most important factors in assessing individual credit, have a direct impact on credit ratings, and it is difficult to obtain a good credit rating once they are black。

2. The difficulty of borrowing has increased: individual borrowing can increase significantly when they become black. Because banks and other financial institutions conduct screening of black parties to avoid risk. Thus, it not only affects the financial life of individuals, but also hinders the development of their careers。

3. Faced with legal risks: When the situation of non-payment by individuals is increasing, some financial institutions may resort to legal means, online borrowing platforms, or door-to-door collections, or even the sale of personal assets, such as judicial auctions, to remedy the situation. It may therefore not only affect personal credit but may also have legal implications。

III. How to avoid becoming a blackhouse

As being a blackhouse has a serious impact on an individual ' s financial life, ways are needed to avoid becoming a blackhouse. We can start with the following:

1. Raising awareness of self-repayment: Repayment plans are established and recorded prior to borrowing, and repayment dates are followed。

2. Pre-borrowing should be carefully considered: before borrowing, take full account of their economic situation and ensure that they are able to repay。

Multi-channel repayments: It is recommended that credit card repayments, utility charges, telephone charges, rent, etc. be repaid together to ensure that they are not missed。

4. Moderate borrowing: the required amount of borrowing should be carefully considered before borrowing, moderate borrowing should be avoided and excessive borrowing should be avoided。