Will defaulting on property fees affect personal credit reporting?

Arrears of property fees will not affect personal credit information.

Credit institutions collect information from sources of credit information. Specifically, credit information mainly comes from the following two types of institutions: institutions that provide credit business. Mainly commercial banks, rural credit cooperatives, small loan companies and other specialized institutions that provide credit business. Other institutions, including individual housing provident fund centers and individual endowment insurance funds.

But for overdue payment, the realty service enterprise may apply for arbitration or bring a lawsuit according to law. If the arbitration award or judicial judgment is still not fulfilled after confirmation, it shall be recorded in the personal credit file in accordance with the relevant provisions on the management of personal credit information.

Extended data:

Factors affecting personal credit information

1. The consequences of personal loans overdue's failure to pay back are not only high penalty interest and liquidated damages, but also personal credit. Once in loans overdue, there will be overdue records.

2. If the credit card is overdue and not repaid on time, the cardholder's personal credit information will be extremely fragile.

3. When helping a friend as a guarantee, the loan account under the friend's name will also be recorded in his personal credit record.

4. Bad credit records caused by social behaviors. Recently, China Railway Corporation also announced seven behaviors, such as fare evasion, high-speed rail grabbing seats and smoking, which will be included in personal credit records.

References:

Credit Information Center of China People's Bank-Frequently Asked Questions