New credit reporting policy 2022

New Credit Report Policy 2022 1. After the new version of the credit report is launched, the credit report update frequency is reported on a T+1 basis, that is, it is updated once every other day. Compared with the old version, which is reported once a month, the update speed is faster. It’s faster and can better record the user’s credit situation. 2. Both husband and wife are the same borrowers. For example, if both husband and wife take out a loan to buy a house, it will be reflected in the credit report of both parties. The main lender will no longer bear the liability. 3. Bad information in personal credit reports, such as overdue, bad debts, etc., will be retained for 5 years from the date of termination, and the records will be more detailed. Even if the account is closed, there will still be relevant records. 4. The installment time and installment amount recorded in the new version of personal credit report are all included in liabilities, and the records are more detailed. 5. Completely display academic information, employment status, email information, correspondence address, household registration address, and all personal mobile phone numbers. And the spouse's information is relatively complete, such as name, ID type, ID number, work unit and contact number, and the individual's detailed residence information in recent years is recorded in the book. 6. Added information query for valid documents such as passports and military ID cards, including the mobile phone number and information update date reported by the system for the last 5 business transactions under my name. 7. In addition to loan information, information such as telecommunications and tap water business payments, tax arrears, civil rulings, enforcement, administrative sanctions, subsistence allowance assistance, professional qualifications, administrative rewards, etc. are all recorded. 8. Guaranteeing for others will also be on your credit report and will be reflected as your own liability. At least it will affect personal loan approval, and at worst, personal assets will be frozen and consumption will be restricted.