Credit review is calculated as the number of inquiries.

1. The concept and process of credit review

Credit review is an important process to evaluate the applicant’s credit status, which usually includes the credit record, financial status, and repayment ability of an individual or company. Investigation and analysis in other aspects. When applying for a loan, credit card, renting a house, etc., a credit review is often required to assess the applicant's credit status.

The credit review process generally includes steps such as collecting applicant information, checking credit records, and analyzing financial status. Among them, querying credit records is one of the important steps in credit review. Relevant agencies or departments will query the applicant's credit report through the credit system to understand their credit status.

2. The impact of the number of inquiries on credit records

In the credit report, the number of inquiries is an important indicator. Excessive number of inquiries may be viewed as a signal of higher credit risk, adversely affecting an applicant's credit rating and loan application. Therefore, when conducting credit review, applicants need to pay attention to controlling the number of inquiries and avoid unnecessary credit inquiries.

At the same time, it should be noted that different institutions or departments may have different specific requirements for the number of inquiries. Some institutions may focus more on the number of recent queries, while others may focus more on the total number of queries. Therefore, before conducting credit review, applicants need to understand the specific requirements of relevant agencies or departments to avoid application failure due to the number of inquiries.

3. The Importance of Maintaining a Good Credit Record

Maintaining a good credit record is crucial for both individuals and businesses. A good credit record can not only increase the success rate of applying for loans, credit cards and other financial products, but also obtain lower interest rates and more favorable terms. Therefore, applicants need to pay attention to the standardization of daily credit behavior and the maintenance of good records to avoid negligence that affects their credit rating and application success rate.

In summary:

Credit review counts the number of inquiries, which has an important impact on credit records. When conducting credit review, applicants need to understand the specific requirements of relevant agencies or departments and pay attention to controlling the number of inquiries to avoid adverse effects. At the same time, maintaining a good credit record is also an important guarantee for improving the success rate of your application.

Legal basis:

"Regulations on the Administration of the Credit Reporting Industry"

Article 16 stipulates:

Credit reporting agencies have bad consequences for individuals The retention period of information is 5 years from the date of termination of the bad behavior or incident; if it exceeds 5 years, it shall be deleted. During the retention period of adverse information, the information subject may explain the adverse information, and the credit reporting agency shall record it.

Article 25 stipulates:

If the information subject believes that there are errors or omissions in the information collected, saved, or provided by the credit reporting agency, he or she has the right to file a complaint with the credit reporting agency or the information provider. Raise objections and request corrections. When a credit reporting agency or information provider receives an objection, it shall mark the relevant information as objectionable in accordance with the regulations of the credit reporting industry supervision and administration department of the State Council, verify and handle it within 20 days from the date of receipt of the objection, and provide a written reply with the result. Dissenter. After verification, if it is confirmed that there are errors or omissions in the relevant information, the information provider and the credit reporting agency shall make corrections; if it is confirmed that there are no errors or omissions, the objection mark shall be cancelled; if it still cannot be confirmed after verification, the verification situation and objection content shall be should be recorded.