Is the credit information in Bai Hang reliable?

1 .100 bank credit information is useful. It is another major credit information system besides the central bank's credit information, which plays a supplementary role in the central bank's credit information. At present, there are thousands of platforms and institutions accessing hundreds of banks' credit information, mainly including online lending platforms, institutions and private banks. Although it is a private credit information system, its influence is still great. Baixing Credit Information was led by China Internet Finance Association and jointly established by eight market institutions, including Sesame Credit, Tencent Credit Information, Qianhai Credit Information and Koala Credit Information. In the future, it is likely to join hands with the central bank's credit reporting and become a basis for bank lending evaluation.

2. Baixing Credit Information is a market-oriented personal credit information agency led by China Internet Finance Association. Having the first personal credit information business license in China can be simply understood as private credit information. There are thousands of financial institutions accessing hundreds of credit reports, such as small loan companies, consumer finance companies and P2P. Therefore, hundreds of banks have many data items for credit investigation, including life data, e-commerce data and other transaction data, which breaks the situation that information of various financial institutions is not shared, and can help institutions evaluate the risk level of borrowers more comprehensively.

1. The role of Baixing Credit Information: Baixing Credit Information can be simply understood as a private credit information agency, which fills the vacancy of PBC credit information in the field of internet finance, but it has not been connected with PBC credit information in two directions for the time being, and the data will not be shared. Therefore, many people think that hundreds of lines of credit information are meaningless. Even if they are blacklisted, it will not affect their normal life. However, there are many internet finance companies and licensed consumer finance institutions, with credit lines of several hundred. The existence of the 100-credit line has broken the dilemma that information on the Internet financial platform cannot be shared, realized the sharing of borrowers' data, and can stifle the chaos of multi-borrowing by some borrowers.

2. Impact of overdue credit reporting by 100 banks: With the credit reporting by 100 banks, mutual financial platforms can check each other's data. If the borrower Xiao Wang is overdue on platform A, he will not be able to borrow money from platform B smoothly. Bai Hang's personal bad credit records will also be kept for 5 years, and will be deleted after the overdue loans are settled. If the borrower does not deal with his bad credit record all the time, it will remain, which will affect his application for other loan products.