"Lao Lai" attention! There are also multiple online loan platforms connected to the central bank credit reporting system
China-Singapore Jingwei client, July 15 (Wei Wei) The online loan platform is officially accelerating the pace of access to the central bank's credit reporting. In July, many online loan platforms such as Jiufu Pratt & Whitney and Foreign Money Bank announced their access to the central bank's credit reporting system. China-Singapore Jingwei client's incomplete statistics, as of now, more than 20 online loan platforms have announced access to the central bank credit reporting system. The industry believes that access to the central bank's credit information can increase the cost and punishment of debt evasion and increase the awareness of integrity and law-abiding of the whole society.
More than 20 online loan platforms connected to the central bank for credit
It is understood that on September 2, 2019, the Leading Group for Internet Finance Risk Remediation and the Leading Group for Internet Loan Risk Relevance jointly released the “Notice on Strengthening the Construction of Credit Information System in the P2P Online Loan Field”, which clearly supports the Lending institutions have access to credit reporting agencies such as the Central Bank’s credit reporting and Baixing’s credit reporting, and have stated that they will continue to crack down on malicious evasion of debts related to online lending institutions that have withdrawn from operation, and require all regions to transfer the “list of untrustworthy individuals” to the central bank. Credit information center and Baixing credit information.
At the beginning of 2020, the outbreak of the New Crown Virus Pneumonia suddenly affected the normal operation of the online loan platform. On the one hand, the repayment ability and willingness of enterprises and individuals have declined, resulting in some loan contract defaults; on the other hand, the platform has introduced some delayed repayment policies, but there are opportunities for borrowers to take advantage of the epidemic situation and forge relevant certificates. Repayment.
Regarding debt evasion, many online lending institutions are also accelerating access to the central bank credit reporting system. The Sino-Singapore Jingwei client found that by 2020, there are more and more online loan institutions connected to the central bank's credit reporting system, and many platforms such as Credit, Jiufu Pratt & Whitney, and foreign money banks have announced their official access to the central bank. Credit reporting.
According to public information, as the credit information system with the largest number of people, the largest scale of data, and the widest coverage in the world, central bank credit information is widely used in pre-loan approval, risk pricing and post-loan risk management of financial institutions. As of the end of 2019, the central bank's credit information collected information of 1.02 billion natural persons, 28.341 million enterprises and other organizations, with a total of more than 2.5 billion inquiries.
List of online loan platforms partially connected to the central bank's credit information system Source: China-Singapore Jingwei Weiwei Tabulation
Increase the cost and punishment of debt evasion
In fact, before guiding all online lending institutions to access the central bank's credit reporting system, various localities also have corresponding measures for "avoiding debts", but the effect is not satisfactory. Many borrowers have a fluke mentality and believe that "there is no way to get credit, nor can it affect me."
Since 2019, the online loan industry has continued its efforts to combat malicious debt evasion. Regulatory authorities and local mutual financial associations have successively issued relevant policy documents to combat debt evasion, publicizing the list of untrustworthy persons, and increasing the number of malicious debt evasion activities. The intensity of the blow.
Industry insiders believe that access to credit information on online loan platforms will strengthen the deterrent effect on borrowers, thereby promoting borrowers' willingness to repay and better protect the interests of lenders.
"Currently, the phenomenon of debt evasion in the mutual gold market is relatively common. P2P companies accessing the central bank for credit reporting can increase the cost and punishment of debt evasion by the central bank, thereby alleviating the problem of malicious debt evasion to a certain extent. The problem is written in the credit report, and the borrower will be restricted to bank loans or other services." Yin Zhentao, deputy director of the Law and Financial Research Office of the Institute of Finance, Chinese Academy of Social Sciences, told the client of Sino-Singapore Jingwei.
The client of Sino-Singapore Jingwei found that many online loan platforms have started to release the list of untrustworthy borrowers on the official website after desensitization, and said that the information of overdue borrowers will be reported regularly, and borrowers can inquire in the central bank credit information system. Related information about yourself.
Bad credit impact
From January 19, 2020, the People's Bank of China Credit Information Center began to provide the public and financial institutions with second-generation format credit report inquiry services.
Personal credit information can be queried through the following two channels:
First, offline inquiry, bring your own ID card or client ID card and power of attorney, go to the local People's Bank of China credit inquiry window or "personal credit report self-help inquiry machine", you can print personal credit records, free of charge twice a year Obtain my credit report;
The second is online inquiry, log in to the personal credit service platform of the People's Bank of China Credit Information Center for inquiries. In addition, China Merchants Bank, China CITIC Bank, China Construction Bank, Bank of China, Industrial and Commercial Bank, etc. have also launched online credit information inquiry services, customers through Online banking and mobile banking can obtain personal credit reports within 24 hours.
The personal credit report is hailed as the "economic ID card" of enterprises and individuals. It records everyone's past credit behavior and also affects people's daily economic activities. After the online loan platform is connected to the central bank's credit reporting system, the borrower's untrustworthy record will be included in the credit reporting, which will have a great impact on future loans, credit card use and all aspects of life.
Once a serious overdue occurs, the online loan platform may sue the borrower. If the borrower still refuses to repay, it may be subject to consumption restrictions or even be included in the list of dishonest enforcers, becoming the commonly known "old lai" . The impact of being an “old lai” is not small. You can’t be the boss and executives, vehicles can’t go on high speeds, restrict stocks to buy houses and leave the country, and even pensions can be deducted directly.
Borrowers who have already produced bad credit records have the opportunity to remedy them. Article 16 of the Regulations on the Management of Credit Information Industry stipulates that the retention period for bad personal information of credit information agencies shall be 5 years from the date of termination of bad behavior or incidents; those exceeding 5 years shall be deleted.
But it does not mean that the record will be automatically eliminated after 5 years of overdue. If the repayment is not made, the overdue record will always be displayed in the credit report and will not be eliminated over time. It is calculated from the date of repayment of the arrears and will not be displayed after 5 years. (Sino-Singapore Jingwei APP)
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