Will the bank call before collecting credit information?

Banks usually don't call before conducting a credit investigation.

Detailed description:

1. When banks conduct credit inquiry, they usually directly inquire about personal credit information from credit investigation agencies without notifying individuals in advance.

2. The bank has established a cooperative relationship with the credit information agency before conducting the credit information inquiry, and has the right to directly inquire about personal credit information without informing the individual in advance.

3. The purpose of credit inquiry is to know personal credit status, so as to evaluate risks and make decisions on loan application. In the process of loan review and credit card application, banks usually conduct credit inquiries to obtain personal credit reports and credit scores.

4. In the process of credit inquiry, banks need to provide personal identification information, such as name, certificate number, etc. , to the credit bureau, so as to accurately query personal credit information.

5. Credit institutions will provide personal credit reports, credit scores and other relevant information according to the bank's inquiry request to help banks evaluate individual applications.

Summary:

Banks don't call individuals before making credit inquiries. They will directly inquire personal credit information from credit reporting agencies to assess risks and make decisions on loan applications.

Extended data:

Credit reference refers to the process that banks or other financial institutions and credit reference agencies evaluate and record the credit status of individuals or enterprises. Through credit inquiry, banks can obtain information such as credit reports and credit scores of individuals or enterprises for risk assessment and decision-making. Credit investigation is very important for banks, because it can help banks accurately assess individual repayment ability and credit risk, and then decide whether to approve loan applications or issue credit cards.

In the process of credit investigation, banks usually cooperate with credit investigation agencies, which will provide relevant credit information according to the bank's inquiry request. When individuals apply for loans, credit cards, etc. , the bank will check the personal credit status of the credit reporting agency for evaluation. Individuals often don't receive phone calls from banks to inform them of their credit reports, and banks will directly inquire about personal credit reports and credit scores from credit reporting agencies.

Therefore, banks generally don't call individuals before collecting credit information. Banks will directly inquire about personal credit information from credit reporting agencies in order to make risk assessment and decision on loan applications.