The data of personal credit information system is provided by commercial banks and financial institutions, and the credit information system is responsible for recording and sorting out the provided data, so the update frequency of personal credit information depends on the frequency of personal credit information data submitted by commercial banks. The general bank stipulates that the system needs to update the personal credit database once a month, and the general interval will not exceed 2 months. China's credit information industry has grown from scratch, its role has become increasingly apparent, and the credit information market has begun to take shape. But it does not meet the requirements of the development of credit economy and the acceleration of the construction of social credit system; There is a lack of unified institutional norms and regulatory basis for credit information business activities, and the phenomenon of difficult access to credit information by market participants coexists with improper information collection and abuse by citizens and legal persons, which infringes on their legitimate rights and interests and affects the healthy development of the credit information industry. Credit report is divided into personal credit report and enterprise credit report, which is a record of personal credit information released by the Credit Information Center of China People's Bank, and is used to query the social credit of individuals or enterprises. Credit reports are divided into three categories, namely personal basic information, credit transaction information and other information.

Legal basis:

Article 16 of the Regulations on the Administration of Credit Information Industry stipulates that the retention period of personal bad information by credit information agencies is 5 years from the date of termination of bad behavior or incident; More than 5 years, should be deleted. During the retention period of bad information, the information subject may explain the bad information, and the credit reporting institution shall record it.

Derivative problem:

What if the credit is overdue?

Don't cancel bad credit card records. If the credit card is terminated, the corresponding records will not be scrolled, but will be kept for a long time. Therefore, after the overdue repayment of the credit card, don't cancel the credit card immediately after paying off the arrears, but insist on using the card for more than two years, and maintain a good credit during this period, so that the bad records can be cleared from the credit information system through rolling records.