1. How does the credit report determine personal credit rating?

Method 1: Local People’s Bank of China.

Card holders only need to bring their ID cards to the local People's Bank of China for enquiry. Results are usually available within two working days. Cardholders can choose to go to the People's Bank of China to collect the results themselves or have the bank send the results to them. You need to pay the postage by mailing it home. Please consult the local People's Bank for the specific amount.

Method 2: Internet personal credit information service platform

In order to facilitate people to check personal credit ratings, the Credit Information Center has launched an Internet personal credit information service platform, which cardholders can use online Check your credit history.

2. Five levels of personal credit

The five-level loan classification, also known as the five-level personal credit classification, is based on the borrower’s actual ability to repay principal and interest. Divided into the following five levels.

1. Normally, the borrower can fulfill the contract and is fully confident of repaying the principal and interest in full and on time.

2. Attention, the borrower is currently able to repay the principal and interest of the loan, but there are some factors that may have an adverse impact on repayment.

3. Substandard, the borrower’s repayment ability is overdue and it is unable to fully repay the principal and interest of the loan through normal operating income.

4. It is suspicious that the borrower cannot repay the principal and interest of the loan in full, even if it is mortgaged or guaranteed, it will definitely cause greater losses.

5. Loss: The borrower cannot repay the principal and interest. No matter what measures and procedures are adopted, the loan is destined to be lost, or a very small part of the funds will be recovered. In the five-level classification, the last three categories are collectively called non-performing loans. This means that if you are classified by the bank into the last three categories, you may not be able to borrow money.

Personal credit is the basis of credit in the entire society. Market entities are composed of individuals, and all economic activities in market transactions are closely related to personal credit. Once individual behavior is not constrained, personal dishonesty will occur, and then collective dishonesty will occur. Therefore, the construction of personal credit system is of extremely important significance. Personal credit is not only the foundation for a country’s market ethics and moral culture construction, but also a huge resource for a country’s economic development. Exploring and utilizing this resource can effectively promote consumption, optimize resource allocation, and promote economic development. The more the market economy develops, the more important the function of personal credit is. The perfection of the personal credit system has become one of the significant signs of the maturity of the market economy. In October 2013, the Credit Information Center of the People's Bank of China issued an announcement indicating that starting from October 28, 2013, the scope of pilot projects in which individuals can check their credit reports through the Internet will be further expanded from the original three pilot projects in Jiangsu, Sichuan, and Chongqing. The new version of the personal credit report will be officially launched nationwide in May 2019. The length and precision of the credit report information will be further improved.

3. What is a credit loan? How personal credit ratings are divided

Credit loans mean that the borrower does not need to provide guarantees. Its characteristic is that the debtor does not need to provide collateral or third-party guarantees and can obtain a loan based only on its own creditworthiness and is guaranteed by the loan. This kind of credit loan is a long-term loan method of the Bank of China with high risks. Generally, a detailed inspection of the borrower's economic benefits, operation and management level, development prospects, etc. is required in order to be approved and registered by the industrial and commercial administration authority. Enterprises (institutions) legal persons, other economic organizations, individual industrial and commercial households, and comply with the requirements of the "General Rules for Loans" and bank regulations.

Credit rating usually refers to the indicator level based on the credit, quality, debt repayment ability and capital of the evaluation object, that is, the credit rating agency uses established symbols to identify the level results of the main force and the possibility of debt repayment. . When applying for a loan, the bank will make a credit rating based on the loan information provided by the borrower and after investigation and verification.

Bank personal credit rating classification

Integrity: AAA, AA, A

Trustworthiness: BBB, BB, B

Credit warning: CCC level, CC level, C level

Bank personal credit rating evaluation standards

Bank personal credit rating is based on natural circumstances (marital status, education level, etc. Basic information), occupation and income and expenditure, household debt ratio, etc.), education, assets

4. How is the personal credit rating divided when taking a loan?

What is the personal credit rating? The customer credit ratings thus divided are divided into seven levels: AAA, AA, A, BBB, BB, B, and C. Grade AAA: The customer has a high income level, a strong willingness to repay debt, a high social status, and a very superior family environment. Level AA: The customer has a high income level, a strong willingness to repay debt, a high social status, and a superior family environment. Level A: The customer has a high income level, a strong willingness to repay debt, a high social status, and a relatively superior family environment. BBB level: The customer has a medium income level, is willing to repay debts, has a certain social status, and has a good family environment. Level BB: The client has an average income level, a certain willingness to repay debt, an average social status, and an average family environment. Level B: The client has a lower income level, is not willing to repay debt, has a lower social status, and has a poor family environment. Level C: The customer's income level is very low, the willingness to repay debt is very poor, the social status is very low, and the family environment is very poor. The above information comes from Chongqing Yuxin Guarantee Co., Ltd., which can quickly handle various types of unsecured personal credit loans without guarantee. , charged after the loan is successful.