If you are blacklisted, your credit report will be updated with information about the incident.
What can and can't you do if you're blacklisted?
What you can do if you're blacklisted
What is a blacklist anyway?
A blacklist refers to "information about accidents such as late payments or debt restructuring being added to credit information."
Accident information is also called transfer information. Credit information is managed by credit information agencies.
There is no real list or database.
The blacklist is usually deleted after about 5 to 7 years depending on the type of accident information.
What you can do if you're blacklisted
基本的に信用情報を必要としないことはブラックリスト入りをしても行うことが出来ます。
Lending that does not require credit information
Lending methods such as the living welfare fund loan system run by municipalities, pension-backed loans, and savings-type life insurance policyholder loans are all methods of lending that do not require credit information.
No credit information is required, so you can apply even if you are blacklisted.
Use of family cards
There are credit cards available that are called "family cards." Family cards are cards that can be used by the contract holder's husband, wife, children, etc.
Since the contract holder's credit information is applied, family members can still use the family card even if the contract holder's spouse has undergone debt restructuring.
Mobile phone contracts and lump-sum purchases
You can easily sign up for a new mobile phone contract or add an additional contract.
One thing to note is that when you purchase a mobile phone device and choose your payment option, you cannot choose to pay in installments.
You can purchase it in a lump sum.
Employment and career change
Employment and job changes are not determined by reference to credit information, so it is possible to do so even if you are blacklisted.
Using a debit card
Debit cards are different from credit cards in that they can only be used if you deposit funds into them in advance.
Therefore, your credit information is not referenced, so you can use it without any worries.
What you can't do if you're blacklisted
If you are blacklisted, you will no longer be able to enter into contracts or other transactions that refer to your credit information.
Credit card usage
Since credit cards are issued based on credit information, you will not be able to apply for or use a new credit card.
Borrowing
If you are blacklisted, you will generally be unable to obtain new loans from various financial institutions.
This also includes various loans (automobiles, vehicle inspections, home loans, etc.).
Installment purchase of mobile phones
As mentioned earlier, even if you are blacklisted, you will still be able to purchase a mobile phone in full, but you will not be able to purchase it in installments.
This is because installment payments work the same way as a loan.
Guarantor
If you are on the blacklist, you will not be able to act as a guarantor. Even when you become a guarantor, your credit information will be referenced.
Summary
Once you are blacklisted, you may think that you will be restricted in all financial matters, but you will still be able to use debit cards, etc.
It won't make it impossible to live, but it will certainly be inconvenient, so make sure to make regular repayments of your loans without delay.
