What is credit card reporting?

Personal credit reporting refers to the collection and processing of personal credit information by personal credit reporting agencies established in accordance with the law, and provides personal credit information according to user requirements. Query and evaluate the service's activities. A personal credit report is a personal credit history record that a credit reporting agency collects in accordance with the law, processes and organizes it in accordance with the law, and finally provides it to legitimate information inquirers in accordance with the law.

Personal credit reports are currently mainly used for various consumer credit businesses of banks. As the social credit system continues to improve, credit reports will be more widely used in various commercial credit sales, credit transactions, recruitment and job hunting. In addition, personal credit reports also provide the inquirer with a way to review and standardize his or her credit history behavior, and form a verification mechanism for personal credit information.

Personal credit information includes:

1. Basic personal information used to identify an individual and reflect personal family, occupation, etc.;

2. Personal and Personal credit information resulting from credit relationships with financial institutions or housing provident fund management centers;

3. Personal credit purchase and payment information resulting from credit relationships between individuals and commercial institutions and public utility service agencies;< /p>

4. Public record information related to personal credit formed by administrative agencies, administrative affairs execution agencies, and judicial agencies in the process of exercising their powers;

5. Other matters related to personal credit related information.

The main factors that may affect personal credit risk scores are: there have been overdue repayments on loans, or credit card overdrafts have not been repaid within the agreed time limit and repayment amount, or there are too many loan accounts and credit cards, etc.

What does the true credit of a credit card mean?

What you are asking about is a credit card reference (also a personal credit reference)

The basic meaning of the term credit reference is to solicit others or its own credit or verified credit. Credit investigation, also known as credit investigation or credit investigation, can be divided into broad and narrow senses. Credit investigation in the narrow sense refers to investigating or verifying the credit of others, while credit investigation in the broad sense also includes the meaning of seeking others' credit for oneself, such as asking for credit. To gain public trust, improve one's own moral evaluation, etc. The credit reporting to be studied here is in a narrow sense, that is, the activities of credit reporting agencies collecting, utilizing, providing, maintaining and managing the credit information of market transaction subjects. .

The "Regulations on the Administration of the Credit Reporting Industry" stipulates that the credit reporting agency's retention period for personal bad information is 5 years from the date of termination of the bad behavior or event; if it exceeds 5 years, it shall be deleted. When you handle new business, relevant departments will generally give priority to recent consumption and repayment records.

The People's Bank of China stipulates that all card-issuing banks must regularly upload customers' consumption and repayment records and cannot tamper with them.

In addition, when applying for a provident fund loan, your credit report will also be checked.

What does credit card reporting mean?

Credit reporting is a professional, independent third-party agency that establishes credit files for individuals or businesses, collects and objectively records their credit information in accordance with the law, and records their credit information in accordance with the law. An activity that provides external credit information services, which provides a platform for professional credit institutions to share credit information.

Credit reporting records an individual’s past credit behavior, which will affect the individual’s future economic activities. These behaviors are reflected in the personal credit report, which is often referred to as the “credit record.”

Until 2012, there was no law or regulation in China’s current legal system that provided a direct basis for credit reporting business activities. The Legislative Affairs Office of the State Council published the full text of the "Credit Report Management Regulations (Draft for Comments)" in October 2009, soliciting opinions from all walks of life on the credit report management regulations.

Credit reporting activities originated from the emergence and development of credit transactions. Credit is a special form of value movement that is conditional on repayment, including forms of currency lending and credit sales of goods, such as bank credit, commercial credit, etc.

Extended information:

Classification:

According to the scope of credit reporting, it can be divided into regional credit reporting, domestic credit reporting, transnational credit reporting, etc.

< p>Regional credit reporting is generally small in scale and only provides credit reporting services in a specific area. This model generally exists in countries where the credit reporting industry has just started. After the credit reporting industry develops to a certain stage, most of them move toward mergers and acquisitions. Or professional subdivision, and the real regional credit reporting gradually disappears;

Domestic credit reporting is currently one of the most numerous institutional forms in the world, especially in countries that have opened credit reporting agencies in recent years. Taking this form; transnational credit reporting is rising rapidly in recent years. The reason why this type of credit reporting can develop rapidly is mainly due to two internal and external reasons:

The internal reason is that some established brands in Western countries In order to expand their business, credit reporting agencies adopt various forms (such as establishing subsidiaries, cooperation, equity participation, providing technical support, setting up offices, etc.) to penetrate into other countries; the external reason is mainly due to the acceleration of the world economic integration process. , the economies of various countries penetrate and integrate with each other.

There are more and more transnational economic entities, and the demand for transnational credit reporting business is also increasing. In order to adapt to this development trend, the institutional form of transnational credit reporting There will definitely be more and more. However, due to the different political systems, legal systems, and cultural backgrounds of each country, the development of transnational credit reporting is also subject to certain constraints.