Personal credit report is everyone’s “economic ID card” and is closely related to financial life such as loan application and credit card consumption. Twice a year we have the opportunity to obtain your personal credit report for free. Once any objectionable information records are discovered, they must be dealt with promptly.

According to Article 17 of the "Credit Reporting Industry Management Regulations", information subjects can inquire about their own information from credit reporting agencies. Personal data subjects are entitled to obtain their credit reports free of charge twice a year. According to reports, all branches of the People's Bank of China, some financial institution outlets, and some regional government affairs halls can make inquiries through self-service inquiry machines.

Qi Fei, Credit Management Office of the Business Management Department of the People's Bank of China: free inquiry twice a year, and charges 10 yuan for the third inquiry. Each subsequent inquiry will be charged 10 yuan. You can check it as many times a year as you like, but it is recommended not to check it too many times a year, because if you go to the bank for a loan, too many inquiries may affect my credit.

If after inquiry it is found that there are errors or omissions in the information collected, stored and provided by the credit reporting agency, the information subject has the right to raise objections to the credit reporting agency or the information provider and request corrections.

Wang Xiaolei, Deputy Director of the Credit Reference Center of the People's Bank of China: If you find that the information in your credit report is inaccurate, first of all, always remember to raise an objection immediately. Whether you raise a dispute (with the card issuer) or with the credit bureau, we will start the process immediately.

From January to November 2019, the Credit Reference Center of the People's Bank of China accepted 49,000 applications for objections to personal credit reports, with an objection resolution rate of 99.6 and an average objection processing time of more than ten days.

The credit reporting system collects information reflecting the borrower's credit status in accordance with laws and regulations, one of which is the credit information of "consume now and pay later". The relevant person in charge said that due to the quality of water, electricity, gas and other information data. It is currently not high, and which one meets the inclusion criteria requires further study.

The relevant person in charge of the Credit Information Center of the People's Bank of China said that incorporating public utility payment information of "consume first and pay later" into the credit information system can help individuals who lack credit records establish credit files. However, according to the current situation in our country, the quality of this type of data needs to be improved.

Wang Xiaolei, deputy director of the Credit Information Center of the People's Bank of China: At present, there are still some difficulties in accurately recording a piece of information in a person's name. The second principle of credit reporting is the principle of data quality. Credit information has junk in and junk out. After junk information comes in, there is no profit.

As for whether the specific payment information for water, electricity, gas and other public utilities will be included in the information collection scope of the credit reporting system, the person in charge said that it should be entered into the credit reporting system in the future, but where can it be entered specifically? One requires further study.

Wang Xiaolei, Deputy Director of the Credit Information Center of the People's Bank of China: I believe that with the continuous improvement of this information technology and real-name registration system, this part of the information will enter the credit information system in the future. But when it comes to which materials meet this requirement, they can be admitted if they meet this standard. We will communicate extensively with the community before inclusion. Related Q&A: Related Q&A: Is it okay to check your credit report frequently? How many times a year should I check?

Xiao Fang’s point of view: Don’t check personal credit information when you have nothing to do. If you do it too often, it will have an impact on your credit business (especially credit in banks). Xiaofang's friend was unable to get his mortgage due to too many credit inquiry records. His personal credit record had as many as 15 inquiry records a year.

Of course, if you have credit business, it is recommended to check twice a year.

First of all, although there is basically no limit on the number of personal credit inquiry inquiries, the People's Bank of China's open credit inquiry portal only has two opportunities to inquire credit reports for free every year. Three or more times, 25 yuan will be charged each time. There is a service fee. It is a waste of money to check it when there is nothing wrong. Secondly, you can take the opportunity of free credit inquiry to check your credit situation. If you find any problems, you can immediately communicate with the relevant agencies.

(Source Photo Network)

Why does credit inquiry record lead to loan rejection?

When the bank examines the personal credit of the loan applicant, in addition to checking whether the loan applicant is overdue, it will also look at the credit inquiry record of the loan applicant in the past six months. If you have too many inquiries, the bank or lending institution will seriously put your financial situation in a state of tension, which means that they may face a high risk of overdue after they lend you the money. Therefore, lending institutions will be more cautious in approving loans. Under normal circumstances, as long as there have been more than 6 record inquiries in the last 6 months, it will be difficult for some applications with large amounts, such as mortgage loans, to be approved.

Finally, with the strengthening and continuous improvement of the credit reporting system, not only query records, but also more information is expected to be included in the credit reporting report, so everyone must take good care of their credit reporting. situation, be a trustworthy person!