Stay away from "credit whitewashing" scams
At present, there are some institutions and individuals in the society who solicit business in the name of "credit repair", "credit cleaning", etc. They advertise that bad information in the credit report can be deleted, and even openly set up training courses to open classes" Lectures", which is astonishing.
For example, the author noticed that there is an “advertising” in a WeChat group claiming that for 19,800 yuan, you can get a “brand class” on “how to repair credit information”.
After the students "class", they can not only "clean up" their credit records, but also make money by "credit restoration" in the future.
It is worth noting that the so-called "credit repair" and "credit whitewashing" are not only scams, but also hide other risks.
Those so-called "credit repair courses" are actually malicious complaints by privately engraving fake seals, forging false materials, etc., in an attempt to achieve the purpose of repairing credit reports, but may actually cause new damage to personal credit reports.
In addition, once the information subject is required to provide sensitive information such as identity documents, contact information, bank card numbers, etc., in the process, personal information may be maliciously used, leaked, or even bought and sold, which may endanger the personal and property safety of the information subject.
If personal information is resold to criminals to engage in illegal activities such as telecommunication fraud, money laundering, and online lending under false names, it will also bring more unpredictable risks to individuals.
The orderly development of the credit reporting industry is of great significance to the establishment of a credit market system.
By falsifying false materials and maliciously complaining to platforms such as financial institutions and regulatory authorities, black and gray industries such as "credit repair" not only occupy regulatory resources, but also disrupt the normal business of financial institutions, which must be dealt with heavily.
Relevant departments should strengthen cooperation, strictly control and clean up all kinds of false advertisements on the Internet for "credit investigation and repair", and intensify the crackdown on violations of laws and regulations.
For financial consumers, it must be clearly recognized that any "credit repair" of the commercial charging model is a scam.
It is the correct way to reflect credit claims through formal channels and properly resolve credit disputes.
According to the Regulations on the Administration of Credit Reporting Industry, if the information subject believes that there are errors or omissions in the information collected, stored or provided by the credit reporting agency, they have the right to raise objections to the credit reporting agency or the information provider and request correction.
If the information subject believes that their legitimate rights and interests have been infringed, they may file a complaint with the local agency of the credit reporting industry supervision and management department of the State Council where they are located.
The institution that accepts the complaint shall check and deal with it in a timely manner.
The State Council's credit reporting industry supervision and administration department and its dispatched agencies, credit reporting agencies or information providers do not charge any fees for accepting complaints and objections.
In addition, currently, the retention period for personal bad credit records is 5 years.
Article 16 of the Regulations on the Administration of the Credit Information Industry clearly stipulates that the retention period of personal bad information by credit reporting agencies shall be 5 years from the date of termination of the bad behavior or event; if it exceeds 5 years, it shall be deleted.
In the future, personal credit information will penetrate more into every aspect of life.
Consumers should take good care of their personal credit records just as they take care of their own eyes. For example, they should develop good financial consumption habits, live within their means, borrow rationally, and repay in full when due.
Once the overdue record occurs, the repayment should be made as soon as possible, and measures should be taken actively to avoid recurrence, so as not to leave an opportunity for criminals.
Peng Jiang