Water and electricity bill payment information, joint repayment information, etc … Will all be included in the new version of the credit report? The second-generation credit reporting system of the Central Bank Credit Reporting Center has always been the focus of much discussion among the general public. On January 19, with the official launch of the second-generation credit reporting system, the second-generation credit report also met with the general public.
The first-generation credit information system officially operated in 2006. The upgrade to the second-generation credit information system will affect more than 1 billion people. According to statistics, as of the end of 2019, the credit information system has collected information of 1.02 billion natural persons, 28.341 million enterprises and other organizations, which has ranked among the top in the world. “The mother-in-law picks a son-in-law, it is not unusual to have a house or a car, but also depends on the personal credit report.” Compared to the first-generation credit report, the credit report provided by the second-generation credit system more fully reflects the credit behavior of enterprises and individuals.
“Co-borrowing” Information Will Be Updated In A Timely Manner
“Joint borrowing” refers to a loan in which two or more borrowers jointly bear the responsibility for joint repayment. The Credit Information Center designed and displayed the “joint borrowing” information in the second-generation credit report. However, on the 19th, the citizens could not immediately find out the specific information of “joint borrowing”.
It is understood that this information display will not start until the financial institutions start to submit data in the second-generation format in the next step. If the subject of subsequent borrowing changes, the credit reporting system will update the information in a timely manner according to the information submitted by the financial institution, and objectively record the actual situation. This also means that when the information submitted by the financial institution’s credit reporting system is updated, the borrower’s credit report will no longer be displayed in the credit report of the borrower who is no longer responsible for repayment.
Information On Payment Of Uutilities
At present, the second-generation credit information system has not collected personal water and electricity bill payment information. However, the second-generation credit report reserved the display format of personal water and electricity payment information. According to the relevant person in charge of the Credit Information Center of the Central Bank, in the future, when collecting personal water and electricity bill payment information, the Credit Information Center will negotiate with the relevant data source unit, obtain the authorization and consent of the information subject from the data source unit, and ensure the data. Only after quality and safety is collected and displayed.
Other New Information
The second-generation credit report shows overdue amounts in the last 2 years. Unlike the first-generation credit report showing “repayment records in the last 24 months” and “overdue records in the last 5 years”, the second-generation credit report also added “overdue amounts in the last 2 years”. In addition, personal information was increased to display “individuals providing guarantees for the enterprise”, “employment status”, “nationality”, “contact number”, etc .; corporate information was increased to display “superior institutions”, “enterprise size”, “industry”, etc.
It is Advisable To Check Personal Credit Twice A Year
The reporter learned that if citizens want to check their personal credit information, they can use the official website of the Central Bank Credit Reporting Center, the inquiry points set up by the branches of the People’s Bank of China, and some financial institution outlets and some regional government affairs halls to conduct counters or self-service inquiry machines. Individuals can check their own credit reports through the Internet for free, and check their own credit reports through the counter. The first two times a year are free of charge, and the third time charges 10 yuan each time.
The Credit Reference Center of the Central Bank recommends that individuals check their credit information twice a year to find out if there is a problem with their credit information, and can correct it in time after discovering wrong information. However, it should be reminded that it is not good to query the credit information too frequently in the short term, because each query will be recorded and displayed in the report. If an individual makes too frequent queries in the short term before applying for a loan, it will make financial institutions think that The individual has credit risk and may lend carefully.
The Credit Reference Center of the Central Bank recommends that individuals and enterprises pay attention to changes in their credit status in a timely manner, do not over-indebted, repay in full and on time, and maintain a good credit record.