What is a credit report? What's the use of credit reporting?

Personal credit information system contains extensive and accurate consumer information, which can solve the restriction of insufficient customer information on enterprise marketing and help enterprises contact target customers in the most effective and economical way. Therefore, it has high market value. The application of personal credit information system has also been extended to direct selling, retail and other fields.

Personal credit information system, also called consumer credit information system, mainly provides personal credit analysis products for consumer credit institutions. With the improvement of customers' requirements, the data of personal credit information system is no longer limited to the traditional operation fields such as credit records, and attention is gradually shifted to the business field of providing comprehensive social data services. In the United States, one-third of the profits of personal credit reporting agencies come from direct sales or database marketing. Personal credit information system has been widely used in enterprise marketing activities.

Extended information:

1. Personal credit information system is a "credit file" (i.e. personal credit report) established by a specialized agency for everyone, and then provided to government agencies such as banks, data subjects, financial regulatory agencies and judicial departments. This kind of activity of sharing credit information between banks through third-party institutions is credit reporting.

Second, with the intervention of credit reporting agencies, when you borrow money from a bank, the account manager can check your credit report with your consent, so as to tell you whether you can provide a loan as soon as possible, saving time. On the one hand, personal credit information system is a tool to prevent financial risks and maintain financial stability. On the other hand, it also promotes the establishment of social credit system.

3. Specifically, personal credit information is divided into three parts. The first part is personal basic information, the second part is credit information, and the third part is non-bank information. Personal basic information includes personal identity, spouse identity, residence information, occupation information, etc. Credit information includes bank credit information summary, credit card quasi-credit card information summary, loan information summary, loan guarantee information summary for others, etc. Non-bank information refers to personal insurance and payment information, housing provident fund information, road maintenance fees, telecom users' payment, etc. According to the actual situation, the system information will also contain the customer's own statement. This information does potentially affect individuals' lending behavior in banks.