What Is a Credit Reference?

A credit record refers to a description of the credit of an economic entity by a credit rating agency based on information from a channel or all parties in the society that can determine the credit status of the economic entity, and after evaluation according to certain standards and indicators.

Credit history

Negative records are generally retained for 7 years abroad, bankruptcy records are generally retained for 10 years, positive records are retained for longer periods, and query records are generally retained for 2 years.

There are two ways for individuals to check their credit reports. First, when applying for a credit card or loan from a commercial bank, the bank will query the basic database of personal credit information, and the individual will look at his credit report. The second is to inquire with the credit management departments of the People's Bank of China in various places.

Except for me, only commercial banks can directly check the user's credit report when handling loans, credit cards and other services and post-loan management, and commercial banks must also obtain the user's written authorization in advance.