1. Save time. A lot of information the bank needs to know is in your credit report, so you don't have to spend so much time investigating and verifying the authenticity of the information you filled in the loan application form. So the first advantage of credit reporting is to save your time and help you get a loan faster.

2. Easy to borrow. As the saying goes, it is not difficult to borrow after borrowing. If your credit report reflects that you are a person who pays back on time and earnestly fulfills the contract, the bank will certainly like that you can not only provide credit services such as loans and credit cards, but also give preferential treatment in terms of quota and interest rate.

3. Credit reminder. If it is recorded in the credit report that you borrowed money and didn't pay it back, the bank must be cautious when considering whether to provide you with a loan. The bank is very likely to let you provide mortgage, guarantee or reduce the loan amount or raise the loan interest rate or refuse to give you a loan. If the credit report reflects that you have borrowed a lot of money, the bank will be very cautious, for fear that you may refuse to provide you with more loans because you have too much debt to bear. This reminds you to cherish your credit history and consciously accumulate your credit wealth.

4. Fair credit. Another great benefit of credit reporting is to help you get a fairer credit opportunity. Credit center provides objective records in your credit calendar for banks, which reduces the influence of subjective feelings and personal emotions of credit products on your credit card application results and allows you to obtain more fair credit opportunities.

Simply put, credit investigation is a human nature issue. It is not difficult to borrow it again if it is good. Whether borrowing money from relatives or banks, use credit cards to spend money.

Everything we do must be based on the law, and those who violate the rules and commit crimes must be punished by the law, so credit reporting is a curse to these borrowers.

Let those law-abiding citizens and those who pay back the money on time live a healthy and happy life.

For those who maliciously borrow money and don't pay it back, gather people to make trouble and spread illegal rumors, credit reporting is a better punishment for them, and credit reporting will become more and more strict. Whether it is the bank of China or the central bank's credit investigation, it is a warning to the whole people.

legal ground

credit reporting industry regulations

Seventeenth information subjects can inquire about their own information from credit reporting agencies. The subject of personal information has the right to get my credit report twice a year for free.