What does personal credit reference mean?

Personal credit report is a document issued by a credit reporting agency to record your past credit information, and it is a personal "economic identity card", which can help your trading partners understand your credit status and facilitate you to reach economic and financial transactions.

At present, there are three versions of personal credit report, namely:

1, personal edition: for consumers to know their own credit status, mainly displaying the credit information and public information of the information subject. Including personal version and personal details version.

2. Bank version: mainly for commercial banks to inquire. In the credit transaction information, the report does not show the names of other loan banks or credit institutions except the inquiry institutions, in order to protect trade secrets and maintain fair competition.

3. Social Edition: for consumers to open stock index futures accounts. This edition displays your credit summary information, mainly including personal practice qualification records, administrative rewards and punishments records, court proceedings and execution records, tax arrears records, social insurance records, housing accumulation fund records and credit transaction records.

Extended data:

Source of credit information:

Credit institutions collect information from sources of credit information. Specifically, credit information mainly comes from the following two types of institutions:

An institution that provides credit business. Mainly commercial banks, rural credit cooperatives, small loan companies and other specialized institutions that provide credit business.

Other institutions. Including individual housing provident fund center, individual pension insurance and other institutions.

In addition, some of the above institutions also provide basic information such as personal address and contact information, which are provided to these institutions by individuals when handling business.

Extension of bad credit:

According to the Regulations on the Administration of Credit Information Industry, bad information will be displayed for 5 years from the date of termination of bad behavior or incident.

References:

Credit Information Center of China People's Bank-Frequently Asked Questions