How Do I Become a Credit Authorizer?

The credit information system of the People's Bank of China includes a basic database of corporate credit information and a basic database of personal credit information. The basic database of corporate credit information started in 1997, and the nationwide online query was realized in July 2006.

People's Bank of China Credit Information System

China's credit information index in 2007 was only 3 points. With the further advancement of the credit reporting system, China's credit information index has reached a perfect score of 8 points for three consecutive years, leading some developed countries.

In 2018, 21 national banking institutions applied credit reporting systems, rejected high-risk customers from applying for 911.7 billion yuan in pre-loan review, pre-loaned high-risk stock loans of 132.8 billion yuan, and cleared non-performing loans of 159.4 billion yuan.

53% of the credit reporting system of the People's Bank of China Credit Bureau is small and micro enterprises. The movable property financing registration and public announcement system and accounts receivable financing service platform established by it also mainly provide services for small and micro enterprises and private enterprise financing. In addition, the People's Bank of China has promoted the establishment of a credit database for small, medium and micro enterprises in the local area to make up for the shortfall in credit service. A total of more than 2.6 million small, medium and micro enterprises have established credit files, of which about 550,000 have received credit support, and the loan balance reached 11 trillion yuan.

On June 19, 2019, China has established the world's largest credit reporting system. The credit reporting system has accumulated information on 990 million natural persons, 25.91 million enterprises and other organizations. The average daily query volume of personal and corporate credit reports has reached 550. 10,000 times and 300,000 times. ^[3]

save time

A lot of information that the bank needs to know is in your credit report, so you don't have to spend so much time investigating and verifying the authenticity of the information you fill out on the loan application form. Therefore, the first benefit of credit reporting is to save you time and help you get loans more quickly.

Borrowing facilities

As the saying goes, "It's easy to borrow, pay back, and borrow again." If your credit report reflects that you are a person who repays on time and earnestly fulfills the contract, the bank will definitely like you, not only can it provide loans,

See your credit report

of course can.

(3) How do I check my credit report?

You need to bring

(1) In December 2004,

According to the measures, if the employee is found to have committed fraudulent collection and withdrawal of the provident fund, the management center will make a decision within 7 working days, and notify the employee's unit of the request for the return of fraudulent collection and withdrawal of funds, while sharing the website, newspaper and information Media methods such as platforms are open to the public. Depending on the circumstances, it will be recorded in the management center business system for 1 to 5 years, and will be included in the credit reporting system of the People's Bank of China. ^[4]

Compared with the previous version, the new version of the central bank's personal credit report has made great progress in the construction of the national information system in the past few years. In many aspects, it has achieved national networking and interconnection, and important personal information has been integrated. On the one hand, in recent years, the development of Internet finance and fintech has improved personal information, and the credit reporting dimension has a diverse foundation. At the same time, economic development in the new period has put forward new requirements for personal credit reports. How to reflect the individual credit situation more effectively, comprehensively and accurately, and how to quickly build a perfect and efficient credit society has become an important task of the credit reporting industry.

The biggest difference between the new version of the personal credit report and the old version can be summarized as three major changes, that is, more detailed, more comprehensive, and more accurate.

The first is more detailed. In the new version of the personal credit report, personal information will be more detailed. In addition to the old version of basic personal information, the new version of personal information will be more complete, and you can also view spouse information. At the same time, career information is also more complete, and the amount of information is comparable to a personal job resume. More detailed information will make personal credit situation clearer.

Second is more comprehensive. The new version of the personal credit report has richer and more comprehensive dimensions. For example, the repayment record is extended to 5 years, and detailed repayment information and overdue information will be recorded; new repayment amounts, overdue or overdraft amounts will also be marked out. In addition to financial information such as borrowing, the new version of the credit information will include a wider range of information, such as telecommunications services, water service payment status, tax arrears, civil rulings, enforcement, administrative penalties, subsistence allowances, qualifications and administrative rewards.

In this way, the credit report can better reflect the individual's credit situation and enhance the credibility and practical application of the personal credit report. This is also the biggest difference between the new version of the personal credit report and the old version.

The last is more precise. The new version of personal information is more detailed and comprehensive, so that personal credit status can be more truly reflected, the credit management of financial institutions will become more targeted, risk management will be more precise, and credit risk can be effectively reduced. ^[2]