The money from Ping An Puhui AVIC Trust is reported to the credit bureau. Overdue repayments or non-repayments will be shown on the credit report. AVIC Trust is a financial institution jointly established by state-owned large enterprises and foreign investors. It is approved by the China Banking and Insurance Regulatory Commission and approved by the Ministry of Commerce. It is a foreign-invested enterprise approved by them. At present, the main business scope of this institution includes private equity investment banking business, asset management business and wealth management business.

The impact of credit reporting

Credit reporting will affect personal loans, such as home loans, car loans, and credit loans. If there is a bad record, the bank will reject the loan, and it is difficult to apply for credit reporting. Credit cards will be rejected, which will have an impact on many fields such as job hunting, renting a house, and even visas to go abroad. If the user's credit report is poor, he will be included in the central bank's blacklist, which will bring a lot of inconvenience to life.

Loans and credit cards. When applying for loans and credit cards, the bank will check the individual's credit record. If the user's credit record is tainted, it will affect the application results and job search. Some large companies check the credit record of new employees during interviews or onboarding. If there are problems with their credit records, the company will also consider whether to hire them.

Financial wealth management products. When purchasing insurance wealth management products with higher premiums, insurance companies will also refer to the credit records of the policyholders. Policyholders with tainted credit records will not be able to purchase insurance. Government preferential treatment: Those with bad credit records will not be able to enjoy some government preferential policies and activities, and the companies under their names will not be able to participate in government bidding activities.