Will the new version of the credit report show the debts of the other spouse?
In the new version of the credit report, the credit reports of both spouses will not show the other party’s liabilities. For married users, the new version of the credit report will display the spouse’s name, ID number, workplace, address and other information. However, if you take a loan to buy a house after marriage, and either spouse serves as the primary lender, the mortgage liability will be shown on the spouse’s credit report.
Credit reporting is the collection, sorting, preservation, and processing of credit information of natural persons, legal persons, and other organizations in accordance with the law, and the provision of credit reports and credit evaluations to the outside world. The personal credit report records basic personal information, credit information (whether there is a bank loan, whether it is overdue, credit card overdraft records, etc.), non-bank information (payment information for water, electricity, gas and other public utilities, tax arrears, civil judgment, etc.). This information is exclusive to financial institutions.
Credit reporting can be said to have penetrated into every aspect of our lives. Credit reporting reports record all personal information related to credit reporting. Especially after the new version of the credit report was launched, the credit report has become more stringent, and personal bad information records will be retained for 5 years.
Even the new version of the credit report will not show each other’s liabilities on the credit report of both spouses. Under normal circumstances, married couples will only show the spouse’s name and ID number on the new version of the credit report. , work unit, home address and other information. However, if it is a joint loan between husband and wife, such as a loan to buy a house after marriage, and either spouse is the primary lender, the spouse will also show mortgage debt in the credit report. Even if you get divorced later, the non-primary lender will be deemed to have a house and a mortgage, and if you apply for a mortgage, it will be a second home loan. Can the husband see his wife’s loan information in the credit report system?
The husband cannot see his wife’s loan information from his own credit report, and his personal credit report cannot see his spouse’s loan. The new version currently in use In the credit report, individuals can only see their spouse’s name, ID number, home address, work information, etc. However, the credit report of the subprime borrower will also show up on the husband and wife's common debt. For example, if the husband is the primary lender when applying for a mortgage, the wife will also show up on the credit report as the subprime borrower.
The credit reporting system of the People's Bank of China includes a basic database of enterprise credit information and a basic database of personal credit information. Among them, the basic database of enterprise credit information was started in 1997 and became available for nationwide online inquiry in July 2006.
As of the end of 2014, the database included more than 10 million enterprises and other organizations, of which more than 6 million had credit records. The construction of the personal credit information basic database first started in 1999. At the end of August 2005, the network operation with all commercial banks across the country and some qualified rural credit cooperatives was completed. In January 2006, the personal credit information basic database was officially put into operation. As of 2015, the database included a total of 870 million natural persons, of which 370 million had credit records.
The main users of the central bank's credit reporting system are financial institutions, which are connected to the headquarters of financial institutions such as commercial banks through dedicated lines, and extend the terminals to the credit personnel of commercial bank branches through the intranet system of commercial banks. Business counter. The information sources of the credit reporting system are mainly financial institutions such as commercial banks. The information collected includes basic information of enterprises and individuals, credit information such as loans and guarantees from financial institutions, and major financial indicators of enterprises.
In April 2019, a new version of the personal credit report was launched, and defaulting on water bills may also affect their personal credit. On June 19, China established the world’s largest credit reporting system.
On January 19, 2020, the Credit Information Center provided second-generation format credit report inquiry services to the public and financial institutions. Will applying for a loan on a mobile phone show that your spouse is in debt?
No.
Even the new version of the credit report will not show each other’s liabilities on the credit report of both spouses. Normally, a married couple will only show the spouse’s name and ID number on the new version of the credit report. , work unit, home address and other information.
However, if it is a joint loan between husband and wife, such as a loan to buy a house after marriage, and either spouse acts as the primary lender, the spouse will also show mortgage debt in the credit report. Will credit card (debit card) debt be reflected in my spouse’s credit report?
Credit card (debit card) debts will not be reflected in your spouse’s credit report. Credit card (debit card) debts are personal liabilities, which will only be shown in the personal credit report, even if the consumption amount of the credit card (debit card) is used for family expenses
, in the spouse's Debt will not be reflected in your credit report. After the new version of the credit report is launched, if one spouse applies for a mortgage as the primary lender, the other spouse's credit report will also reflect the liability.
In addition, overdue records on credit cards (debit cards) will only lead to a bad personal credit report, and will not affect your spouse's credit report.