1. What is the basic database of personal credit information?
The personal credit information basic database is an important infrastructure of my country's social credit system. It is a personal credit information sharing platform established by the People's Bank of China and various commercial banks under the leadership of the State Council. The database collects, organizes and saves personal credit information, provides personal credit status inquiry services for financial institutions, and provides relevant information services for monetary policy and financial supervision. 2. What is the purpose of the People's Bank of China in promoting the establishment of this database?
The purpose of the People's Bank of China in establishing a basic database of personal credit information is to help commercial banks improve their risk management capabilities and credit management efficiency, prevent credit risks, promote the healthy development of personal consumer credit, and provide services for financial supervision and monetary policy. At the same time, it helps individuals accumulate credit wealth and facilitate personal borrowing. 3. What is a personal credit report?
Personal credit report is a document that comprehensively records personal credit activities and reflects personal credit status. It is a basic product of the basic database of personal credit information. 4. Whose information does the database collect? What should an individual do if they don’t have a loan but want to be included in the database?
The personal credit information basic database collects information on all natural persons who have loans from commercial banks and hold credit cards. At present, the data collection work has just begun. In mid-December this year, the data collection of state-owned commercial banks, joint-stock commercial banks and city commercial banks in seven cities including Beijing, Chongqing, Xi'an, Nanning, Shenzhen, Huzhou and Mianyang has been completed and opened. Online query. Next year, it will be gradually expanded to all commercial banks across the country and some rural credit cooperatives with certain conditions, and online inquiries will be gradually opened for all commercial banks across the country and some rural credit cooperatives.
Currently, if an individual who does not have a bank loan or a credit card wants to be included in the database, one of the more convenient ways is to apply for a credit card at the bank. 5. What information is collected in the basic personal credit information database?
Currently, the personal information collected by the personal credit information basic database mainly includes three categories. The first is identification information, including name, ID number, home address, work unit, etc.; the second is loan information, including loans. The issuing bank, loan amount, loan term, repayment method, actual repayment record, etc.; third, credit card information, including card-issuing bank, credit limit, repayment record, etc.
As the database construction is gradually improved, information on personal payment of telephone, water, electricity, gas and other utility bills will also be collected, as well as court civil judgments, tax arrears and other public information. 6. Who can query personal credit information in the database and under what circumstances? Is the information in the database publicly available?
In order to protect the legitimate rights and interests of individuals and commercial banks, commercial banks can only review personal loans, credit card applications, or review whether to accept individuals as guarantors and other personal credit businesses with written authorization from the parties, as well as review the loans that have been issued. Only through credit risk tracking and management of personal loans and credit cards can the basic database of personal credit information be queried.
The database has records of all query activities, including query personnel, query time, query reasons, etc.
Individuals have a right to know the information collected about them in the database. During the pilot phase of the database, individuals can obtain their credit reports from commercial banks when applying for new loans or credit cards.
The information in the personal credit information basic database is loan information between commercial banks and individuals. It is only provided to the individual's borrowing bank and is not disclosed to the public. 7. What should I do if I have objections to my records in the database?
If the borrower has objections to his or her own records in the database, during the trial operation period, the borrower can report it to the Bank Credit Information Service Center of the People's Bank of China or the local branch or sub-branch of the People's Bank of China so that the error can be corrected in a timely manner. 8. What are the benefits to individuals of establishing a basic database of personal credit information?
The biggest benefit to individuals from establishing a basic database of personal credit information is to accumulate credit wealth for individuals.
At present, when individuals apply for bank loans, credit cards and other services, it takes a long time. At the same time, they need to provide a lot of materials and apply for many certificates to prove their credit status, which is time-consuming and laborious. In many cases, they may also be unable to prove their credit status. cannot get a loan due to their credit status. After the basic database of personal credit information is completed, it is equivalent to establishing a credit file for the individual. Every time the water, electricity, gas, and telephone bills are paid on time, as well as the principal and interest are paid to the bank on time, a credit wealth will be accumulated for the individual. It can be used as credit collateral for bank borrowings, making it easier to obtain bank loans in the future.