Can you fix your personal credit for money?

Don't trust


our reporter Chen Guojing

  Now, the Internet is full of advertisements that pay to fix personal credit reports.

Enter keywords such as "credit information repair", and you can see many so-called credit reporting companies that claim to help individuals repair their credit information.

When you see overdue information on your personal credit report, will you believe it when you see such an advertisement?

  A personal credit report is a record issued by the Credit Information Center of the People's Bank of China that records personal credit information, including basic personal information, credit transaction information and other information.

The credit report can reflect the basic situation of personal and corporate social credit. Consumers generally use personal credit reports when applying for housing loans, car loans, or applying for credit cards.

Once there is a lot of overdue information on the report, it may affect the processing of loans and the application of credit cards.

At this time, some financial consumers may listen to advertisements on the Internet and want to improve their personal credit information through the so-called "credit information repair" channel.

  "There is no doubt that all 'credit investigation repairs' are scams and illegal." Dong Ximiao, chief researcher of China Merchants Union Finance, said that according to the "Credit Investigation Management Regulations", there is no "credit investigation repair" practice in the credit investigation field.

Those "credit investigation repairs" under the banner of "credit investigation overdue is not terrible, repairing credit investigations for a new life" deliberately confuses the difference between credit investigation restoration and credit investigation objections, and the real purpose is to defraud related expenses and steal personal information.

  In fact, neither credit reporting agencies nor commercial banks and other information providers have the right to change or delete the credit information correctly displayed in the credit report at will.

However, individuals can object to incorrect information.

Article 26 of the "Administrative Measures for Credit Reporting Business", which came into effect on January 1, 2022, stipulates that if the information subject believes that there is an error or omission in the information, it has the right to raise an objection to the credit reporting agency or information provider.

Therefore, if an individual finds that there is a problem with his credit record, he can directly file a request with a financial institution or a credit reporting agency for correction.

  According to Liu Ying, a researcher at the Chongyang Institute of Financial Studies at Renmin University of China, the frequent occurrence of credit reporting scams shows that people are paying more and more attention to their personal credit reporting status, and they all want a "full score" status.

On the other hand, everyone has limited knowledge about credit reporting, where to check, whether to charge or not, and whether it can be changed. Many questions remain unclear, which gives criminals an opportunity to take advantage.

  Liu Ying believes that financial institutions still need to strengthen the education of financial consumers, and consumers themselves should also consciously maintain their personal credit.

Banks and other institutions generally adopt flexible management for non-malicious overdue.

After a breach of contract, the bank will generally notify the individual in the form of text messages, phone calls, etc. as soon as possible. Financial consumers should also pay more attention to relevant notices and deal with them as soon as possible to maintain their personal credit.

  "Personal credit reporting is everyone's 'second ID card', and personal credit records should be cherished and maintained." For financial consumers, Dong Ximiao suggested that they should develop the habit of borrowing reasonably and living within their means, and not borrowing excessively or blindly. .

Individuals should repay all types of loans and credit card arrears in a timely manner and maintain a good credit record.

If you fail to repay in time due to special reasons, you should take the initiative to communicate and negotiate with financial institutions.

  In response to scams such as "credit investigation repair" and "agent complaint", Dong Ximiao believes that relevant departments should introduce special measures to increase the crackdown and disposal.

At the same time, improve the financial consumer complaint handling mechanism to distinguish normal complaints and malicious complaints.

In addition, establish a multi-department coordination mechanism for finance, justice, and public security to improve the deterrence and precision of strikes.