Personal credit information is very important in our daily life. We will check our credit information when handling loans and applying for credit cards, but many people don't know if there is anything wrong with their credit information. So, how do personal credit reports tell if their credit is good? Let's take a look at it together!
how does the personal credit report tell us whether the credit is good or not?
1. Inquiring about personal credit report
depends on whether personal credit is good, as long as there is any bad information such as overdue repayment in the credit report. If so, the customer's credit is naturally bad; If not, it means that the customer's credit is fine.
2. Check the repayment record
Check the repayment record to see if there is any overdue. Users can print a short version of the credit report first, which will list the overdue accounts, and explain how many months in the last five years are overdue, and whether there are any overdue records exceeding 9 days. If it shows that there is no overdue record, it means that the credit information is good. If there are overdue records, it means that the user's credit has been seriously damaged.
3. Check the debt situation
The debt situation mainly depends on the debt ratio. Users can check the ratio of account balance to credit line or loan line through the credit report to get the debt ratio. Generally speaking, if the debt ratio exceeds 6%, then it can already be regarded as a high debt ratio. If there are multiple credit accounts with high debt ratio, they will be considered by financial institutions as having poor credit qualification and high overdue risk. Therefore, the relatively low debt ratio is a reflection of good credit.
how to inquire about personal credit report?
1. mobile APP query: take China merchants bank app as an example: open China merchants bank app and log in, then enter "personal credit report query" in the search box above the home page, click on the personal credit report query to get the mobile phone verification code for verification, then click "free application query", and then you can visit the platform to get the results after receiving the SMS notification.
2. Online inquiry: Users can log in to official website, the Credit Information Center of the People's Bank of China, directly on the computer browser, and then click to enter the Internet Personal Credit Information Service Platform; After logging into your personal account, click "Apply for Credit Information" in "Credit Service" for verification; After clicking "Submit", you can visit the platform to get the results after receiving the SMS notification.
3. Offline inquiry: You can directly bring your valid ID to the local People's Bank Credit Information Center for inquiry, ask staff for help, or make inquiries on the self-service inquiry machine.