yes.

the greatest benefit of a good credit record is to accumulate credit wealth for individuals. Generally speaking, in order to ensure the recovery of loans, banks can only lend to individuals after they have provided sufficient collateral.

If an individual has a good credit record, it may make the bank believe that you will repay the loan on time, and even if the individual cannot provide material collateral, the bank will give you a loan. Therefore, a good credit record is like "credit collateral" to help individuals obtain bank loans.

In addition, a good credit record will enable you to obtain preferential financial services, and banks will have certain flexibility and preferential treatment in loan scale, term and interest rate.

Extended information:

In April p>219, the Credit Information Center of the People's Bank of China has tried out a new version of personal credit information report, which may be officially launched in the near future. The information collected in the new report will be more detailed, comprehensive and accurate. People should pay more attention to maintaining personal credit status in daily life, such as whether they can pay water and electricity bills on time.

when applying for a loan, whether it is a mortgage loan, a car loan or a consumer loan, most financial institutions will check the personal credit report first. Once a negative record is left on the credit report, it may affect the credit approval.

due to the late start of the construction of personal credit information system in China, the personal credit information system is not perfect and popular enough, and the credit information system is not binding on residents' credit, and it has not been able to restrain and restrict residents' personal credit, so residents' credit awareness is still weak in general.

The launch of the new personal credit report of the central bank requires personal credit from a wider range, more contents and more details, such as "robbing Peter to pay Paul", using cards to raise cards, and "whitewashing" after a serious breach of contract, which is bound to positively boost residents' credit awareness and let residents know how important credit is to them.

Reference: Baidu Encyclopedia-Personal Credit Records

Reference: People's Daily Online-Let Personal Credit Information Infiltrate into Every Minute.