The personal credit reporting system that issues "credit passes" for individuals to buy a house and consume will soon be upgraded. A reporter from the Beijing News confirmed on January 9 from the Credit Reference Center of the Central Bank that the second-generation personal credit reporting system was tentatively launched on January 20, and there would be a maintenance period before that.
The market has circulated in April last year, and the second-generation credit reporting system will be launched, and the corresponding new version of the credit report will include a variety of information, including co-borrowers, special credit card installments, personal corporate guarantees, and late payment. Industry insiders have said that if this is implemented, it will not work if they want to enjoy preferential loan policies for first homes through fake divorce and whitewash credit checks through cancellation of households.
However, a person close to financial supervision recently also told the Beijing News reporter that they should be vigilant on the boundaries of credit data collection and collect them on the principle of necessity. They cannot be collected casually, otherwise it will be a great violation of the privacy of ordinary people.
The second-generation system is tentatively launched on January 20
On the evening of January 8, according to the 21st Century Business Herald, the central bank will launch the second-generation personal credit reporting system and provide enquiries around January 20. However, the personal credit reporting function is expected to be delayed until May. The Beijing News reporter confirmed on January 9 that the second-generation system is tentatively scheduled to be launched on January 20.
Prior to this, the central bank announced information on credit reporting for several consecutive days at the beginning of the year. On January 4, the Central Bank Credit Reporting Center disclosed that from January to November 2019, the cumulative query volume of personal and corporate credit reporting systems was 2.1 billion and 97.72 million, and the average daily query volume was 6.28 million and 300,000. Times.
On January 5th, the 2020 work meeting of the central bank mentioned that “the second-generation credit reporting system should be steadily promoted and upgraded, and the personal credit information security management and personal privacy protection should be strengthened” and “innovate and improve small and micro enterprise credit reporting services”.
On January 6, the Central Bank Credit Report Center announced that in order to improve service capabilities, the personal credit information service platform plans to upgrade the system from 17:00 on January 14, 2020 to 8:00 on January 19, 2020, at which time external services will be suspended. . If you urgently need to check your personal credit information during the period, you can bring your ID to the local inquiry network to make an on-site inquiry.
In addition, regarding the scope of information collected by the current credit reporting system, Wang Xiaolei, deputy director of the Credit Reporting Center of the Central Bank, introduced on the 4th that the current information collected by the credit reporting system of our country in accordance with laws and regulations reflects the credit status of borrowers, mainly including three types: personal credit information As of the end of November 2019, a total of 3693 individual credit reporting systems were connected to the personal credit reporting system, which has basically achieved wide coverage of personal financial credit information; the second is credit information of "consumption before payment", mainly including telecommunications and other public utilities Business payment information. This type of information can help individuals who lack credit records to establish credit files. The third is public information, which mainly includes administrative permission and punishment information, and information about enforced people who fail to trust the court.
"Fake divorce to buy a house" and other speculation will not work
In fact, in April last year, the market reported that the second-generation credit reporting system would be online. At that time, the central bank denied it, but the corresponding new version of the credit report was widely discussed due to the obvious expansion of its coverage. Its sword pointed to fake divorce to buy a house, Opportunities such as time-lag loans, credit card sales, and credit checks.
Based on previous announcements by the central bank and industry analysis, the new version of the credit report will have several changes. For example, increase the content of "joint borrowing" information collection to reflect the debt situation of the husband and wife. Even if the divorce, non-prime lenders buy a house again with a house and a loan, and cannot enjoy the various benefits of the first house.
The new version of credit information is updated in a more timely manner. Organizations need to report data to the credit center at the time of collection T + 1. It may take a month or more to update credit information before, but in the future, I want to use this time difference to apply Loans will not work.
Installment loans will also be clearly reflected. Earlier, car parking loans and decoration loans were in fact large credit card installments, but they could not be identified in the old version of the credit report. The new version of the credit report will reflect the installment time and installment amount. Individuals need to control their debt ratio.
The repayment record retention period is extended to 5 years. The old version of the credit report mainly records the repayment situation in the past two years. Only bad information such as overdue and bad debts will be retained for 5 years from the date of suspension. The new version of the credit report will extend the repayment record to 5 years. At the same time, the "repayment record of the credit card sold in the past five years" will be displayed. If you want to get a "clean" credit report by paying off the debt, it will not work in 5 years.
The collection of personal information is more comprehensive and detailed. In the new version of the credit report, personal education information, employment information, e-mail information, correspondence address, household registration address, all personal mobile phone numbers will be fully displayed, and spouse information will be more fully reflected. In addition, the new version of the credit report will also include more information on public institutions, such as the payment of water services, tax arrears, civil rulings, enforcement, administrative penalties, subsistence allowances, qualifications and administrative rewards. Providing guarantees for others will also report on credit.
However, when some information is included is still under study. Wang Xiaolei said on the 4th that if the payment of water, electricity and gas belongs to the credit information category of "consumption first and then payment", from the current situation in China, the quality of this part of data needs to be improved. In the future, with the improvement of the degree of informationization and real-name system, we will study to incorporate this part of the data into the credit information system.
Approaching regulators warn of information collection boundaries
Personal credit information has been like a web, gradually gathering information on all dimensions of people's daily life, but the boundaries of information collection have also caused heated discussions.
At the end of last year, there was news in the market that Beijing's public rental housing will be included in credit information violations, and that unpaid blood donation will be included in the social credit information system. A person close to financial supervision in an interview with the Beijing News made it clear that they should be vigilant about the boundaries of credit data collection, collect them on the principle of necessity, and not collect them casually, otherwise it would be a great violation of the privacy of ordinary people. With regard to blood donation and other behaviors included in credit information, he believes that the level of credit information cannot be measured by personal ethics, and currently this information has no impact on financial activities.
Talking about the advantages and disadvantages of the credit information collection boundary and the widening of the dimensions, special researcher He Nanye of Suning Financial Research Institute told the Beijing News that credit reporting has borders, not because more is better, but because of the current credit system Whether the information possessed can fully and truly reflect the individual's credit status, if it can fully reflect, then it is not necessary to include more dimensions of information.
"There are advantages and disadvantages to broadening the latitude of credit information. The positive aspect is that an expanded dimension can just make up for some of the current lack of credit information, which is conducive to the improvement of China's credit information system. The negative aspect is that excessive Expanding irrelevant credit information will cause huge waste of social resources, and the input-output ratio is not ideal. At the same time, excessive irrelevant credit information will weaken the accuracy of the credit information system, cause irrelevant error interference, and Some people have adverse credit effects. "He Nanye said.
How should the credit mechanism be prevented from being abused? He Nanye believes that the first is that the credit reporting system of the central bank should strengthen the research on credit reporting elements, focusing on the extraction of key credit reporting elements, rather than enforcing everything, in order to enhance the neutrality and accuracy of the credit reporting system and increase the input-output ratio. . The second is that the supervision department must fully demonstrate the behavior information included in the credit information system to prevent irrelevant credit information, information that may mislead the public credit, and difficult to define credit information into the credit information system. The third is to provide some people's livelihood credit information that is included in the credit information system, should provide sufficient channels for the people to appeal, and consider some non-objective factors based on the people's appeal reasons, and finally make maintenance or changes to the credit information behavior.
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