It is the credit institutions such as banks that decide whether you can get a loan. The credit center only provides your credit report truthfully, which is one of the important references for banks and other credit institutions to decide whether to give you a loan.
When the bank decides whether to give you a loan, it mainly considers the following factors:
Bank's credit policy: that is, what kind of people the bank is willing to lend to. For example, some banks are willing to issue credit cards to students at school, while others are unwilling. The bank's credit policy is determined by the bank's own management ability and market positioning.
Basic information of the borrower: the nature of the borrower's work, living conditions, financial conditions, etc. ;
Credit status of the borrower: the borrower's current debt level; Have you ever had a credit history of borrowing money and not paying it back?
So your credit report is only one of the references to help banks make credit decisions, not the only basis. You can apply for a loan if you spend money on credit investigation, but whether it can be approved depends on credit institutions such as banks.
Extended data:
Commercial banks can read your credit report when reviewing your credit application, but they must get your written authorization; If you are already a borrower of a commercial bank or hold its credit card, this commercial bank can also read your credit report, but you don't need your written authorization. Of course, you can also provide it to other institutions according to your own wishes.
Reasons for the error in personal credit report
1. When handling loans, credit cards and other businesses, you provided incorrect information to the bank yourself;
2. Others use various illegal means to steal your name to handle loans, credit cards and other businesses;
3. When handling loans, credit cards and other businesses, the counter staff may make mistakes in your information entry due to negligence;
4. When the computer processes data, there are technical errors due to various reasons.
Solutions to personal credit report errors
1, reflect it by itself or entrust others to the credit management department of the local branch of the People's Bank of China;
2. Report directly to the Credit Information Center;
3. You can entrust a commercial banking institution directly related to the wrong information to reflect it.
Improve the quality of personal credit report
1. When handling loans, credit cards and other businesses, provide correct personal information to banks and update their information in time.
2. Always care about your credit history and check your credit report regularly.
3 found that there is a problem with the credit report, timely report, apply for correction.
Baidu Encyclopedia-China People's Bank Credit Information System