Can spending money repair credit records?

Can you spend money to "whitewash" bad credit records? According to industry insiders, there is no so-called "credit repair" in the field of credit reporting, and all "credit repair" that claims to be legal, commercialized and charged is a scam. Not only is it suspected of breaking the law, but it also undermines the social credit system.

The "credit repair" scam is full of tricks and tricks.

Subsequently, this institution initiated a complaint in the name of Teacher Zhang. After receiving the complaint, Tianmen Sub-branch of China People's Bank asked Mr. Zhang to verify it on the spot, and then learned the truth. "We told him that this would not only waste money, but also reveal personal privacy information. If this organization uses his mobile phone card for telecom fraud, money laundering, fake online loans, etc. It may also be involved. Teacher Zhang knew that she had been cheated and withdrew her complaint. " China People's Bank Tianmen Sub-branch staff said.

Recently, Wuhan Anti-Fraud Center and Wuhan Branch of China People's Bank jointly exposed five common "credit repair" scams. In addition to the fraud directed at ordinary untrustworthy subjects, there are also fraud directed at entrepreneurs, employment groups and other untrustworthy groups, fraud directed at entrepreneurs' credit information joining agents, fraud directed at online shoppers' "abnormal accounts" and "loan cancellation", posing as customer service personnel or staff of financial institutions.

According to industry insiders, in addition, there are two kinds of scams that are more common: First, they claim that they can lend money quickly. After the parties take the bait, they are required to pay the "credit repair" fee on the grounds of bad credit records; Second, it is claimed that as long as a certain fee is paid, it can help the parties to eliminate the loan records of online loans. The principal and interest need not be repaid and will not be collected or prosecuted.

Tang Dexin, deputy director of the credit management department of Wuhan Branch of the People's Bank of China, said that individuals and enterprises such as credit cards or loans overdue, non-performance of guarantee obligations, and dishonesty will have bad credit information records. Correcting bad credit records will not be deleted or changed. The essence of the "credit repair" scam is that criminals use the ignorance of the information subject on credit policies and regulations to deliberately confuse the concept of credit objection and mislead it, so as to achieve the purpose of illegally profiting by deception.

Screenshot of advertisement of "Credit Repair" organization soliciting business online.

There are channels for handling objections, and no intermediary is needed.

In fact, if an individual thinks that the information in his credit report is wrong, he has the right to raise an objection to the credit reporting agency. Credit institutions or banks need to check and deal with them, and correct mistakes in time.

Tang Dexin said that the information needed to raise a credit objection is not complicated. Individuals can handle it with valid identity documents, corporate legal persons themselves or by entrusting others with business licenses. "There is no need to go through an intermediary and there is no charge for raising a credit objection." He said.

0030 10 stipulates that if the information subject thinks that the information collected, stored and provided by the credit reporting agency is wrong or omitted, he has the right to raise an objection to the credit reporting agency or the information provider and ask for correction. After receiving the objection, the credit reporting agency or information provider shall check the objection information, and if any error or omission is found, it shall be corrected.

Tang Dexin said that the essence of credit information objection is "error correction", that is, the correction or supplement of wrong or missing data, rather than the credit remodeling after "breaking faith". Neither credit reporting agencies nor commercial banks can modify or delete the correct credit information in the credit reporting.

The picture shows the credit information service counter located in Wuhan citizens' homes, which can accept credit information objection applications. (Image provided by the interviewee)

Blocking the "side door" and opening the "front door" to protect the honest society

Many people from banks and regulatory authorities suggested that relevant departments should strengthen cooperation, strictly control and clean up all kinds of "credit repair" false advertisements on the Internet, intensify the crackdown on criminals and raise illegal costs.

At the same time, stop "s"

"First of all, protect yourself." Many professionals said that for individuals and enterprises, first of all, they should be reasonable in debt, live within their means, strictly abide by the relevant provisions of loan management, and repay in time according to the repayment time and amount agreed in the loan contract. In particular, we should take good care of sensitive information such as our identity documents, online banking and mobile banking to prevent inexplicable loans.

If there are objective and true bad information records in the credit report, it is necessary to rebuild the credit in time. "After bad information appears, you should repay in time, stop bad behavior, pay attention to repayment on time, avoid overdue, and maintain a good credit record." Tang Dexin said that if there are special circumstances that cause bad information, you can apply for a bad information statement. During the storage period, the credit bureau will record it.

Related Q&A: Related Q&A: Where can I borrow money for credit investigation? Thank you for inviting me!

Credit investigation is the only way for banks to know about our debts, because now it is a credit society, and credit loans are mostly used for loans, which has become an indispensable part of daily life. You said the credit investigation was over. What kind is it? Is it overdue? Or did you apply for a loan in a short time? Or is it caused by frequent use of online loans?

I will answer your question from two aspects:

If you want to make a long-term plan, I suggest you maintain your credit information and don't apply for online loans in the near future. First, go to relatives and friends to make a turnover. After three months, the credit situation has improved, and then consider the loan. In this way, the probability of the next payment is high and the amount is relatively large. Try not to use Z-link, MS Finance or lending. It is easy to spend credit information by using the last credit information, and hundreds of them are on credit information. Remember!

If you plan to take online loans in the short term, don't consider it, it will only get worse. There will be some private small loan companies in our local area, and the interest may be higher. As long as you can provide proof of assets (including house books, car books, wealth management products, valuables, etc.). ), borrowing money is almost easy.

When banks lend money, they must think more about how to collect money! Therefore, personal comprehensive achievement is very important. Whether it is a credit card or an online loan, it is icing on the cake, and it will never be a gift in the snow! Finally, I advise my brother never to use loans to support loans, which won't last long. Finally, there will be more and more debts.

I hope my answer can help you!