What changes have occurred to personal credit reports?

The new version of the credit report has six major changes:

1. The retention time of the new version of the repayment records will be changed from 2 years to 5 years, and the retention period of overdue records The retention time is the same.

2. The repayment records in the new version will be detailed and can display the monthly repayment amount, which is not available in the current version.

3. In the new version, previous repayment records can be queried even after the account is closed.

4. The new version merges multiple types of accounts and can query multi-account information. For example, in addition to ID cards, you can also use valid documents such as passports and military ID cards to query.

5. In order to prevent personal information from being stolen, the new version has specially added an anti-fraud warning function.

6. The new version of the report divides key information into nine categories: bank credit credit information summary, credit card summary information, loan guarantee summary information for others, quasi-credit card summary information, and credit card summary Information, loan summary information, credit card details, loan details and loan guarantee details for others.

From the above changes, it can be found that in addition to being more convenient to query and safer, the new version of the credit report will more comprehensively reflect the personal credit situation and reduce the possibility of personal cheating. This also reflects from the side that the credit report will play a greater role in the future and the impact on individuals will be more specific, so everyone must pay attention to taking care of their credit report in daily life and be a trustworthy person.

What is the use of personal credit reporting?

Personal credit reporting is very important. Credit reporting is a professional, independent third-party agency that establishes credit files for individuals or companies, collects them in accordance with the law, and is objective. An activity that records credit information and provides credit information services to external parties in accordance with the law. It provides a platform for professional credit institutions to share credit information.

Credit reporting records an individual’s past credit behavior, which will affect the individual’s future economic activities. These behaviors are reflected in the personal credit report, which is often referred to as the “credit record.”

Personal credit reports play an important role in many fields such as mortgage loans, credit cards, private lending, job hunting, renting houses, etc. Personal credit reports are the paper reports that most directly reflect personal credit.

First of all, when buying a house, car, or applying for a credit card, you need to check your personal credit report. If there is a bad record on your personal credit report, banks or other lending institutions will not lend;

Secondly, it is easier for people with good credit to apply for loans, and the loan amounts they apply for are often higher;

Finally, personal credit records reflect the lack of personal credit records. Being a good person may also affect your future job hunting, because if your personal credit is not good, then you have no credit. In today's society, personal credit is very important. Employers often take people with bad credit records into consideration when hiring them.

If there is a bad record on your personal credit record, especially if you are on the bank's "blacklist", it will be more difficult to get a loan.