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What is the difference between the second generation credit reporting system and the first generatio

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Attention! People who buy a house are most concerned about: the second generation personal credit investigation system will come soon!

Just two days ago, the central bank said at the just concluded annual work conference that it would steadily promote the online upgrading of the second-generation credit investigation system this year, and strengthen the security management of personal credit investigation information and personal privacy protection.

Soon, news about the specific timetable of the second generation credit investigation system began to appear in the market. According to the 21st Century Business Herald, according to informed sources, the central bank will launch the second-generation personal credit reporting system and provide query on January 20, but the personal credit reporting function is expected to be officially launched in May.

Previously, major banks in several cities successively issued a notice saying that the service of the national credit investigation and inquiry system was suspended, and the subsequent opening should wait for the notice. The intermediary in the circle of friends is even more lively. It has successively released the news that it is recommended to buy a house in advance, and the new credit investigation will affect the loan. Various signs show that the second generation of credit investigation is really coming. However, at present, the official has not yet determined the online time of the second generation credit investigation system.

However, as soon as the above market news came out, A-share funds soon became restless. On the morning of January 9, the credit investigation index suddenly rose by 3%, becoming one of the concept plates leading the rise on the same day. Several stocks in the plate rushed to the trading limit after opening. As of midday closing, the credit investigation index rose 2.18%, with an influx of nearly 8 billion funds. Some organizations predict that the second-generation Zhenxin will go online, the application scenario will be extended, and the domestic market space will reach 100 billion yuan.

Will the new credit investigation system be launched soon?

The message said: 'query is available on January 20'

Since last year, various statements have been frequently heard about the launch of the second generation credit investigation system.

This is because the new version of credit investigation has always been regarded as the 'strictest credit investigation system in history'. Many analysts believe that there is a problem in the future credit investigation, which will not only affect the travel, but also affect the loan to buy a house. In serious cases, they can't even get married.

Now, the news about the timetable of the second generation credit investigation system has come again. According to the 21st Century Business Herald, according to informed sources, the central bank will launch the second-generation personal credit reporting system and provide query on January 20, but the personal credit reporting function is expected to be officially launched in May.

Just two days ago, at the just concluded annual work meeting of the central bank, the news about the second-generation credit investigation system also came. The central bank said at the working meeting that this year, it will steadily promote the online upgrading of the second-generation credit investigation system, and strengthen the security management of personal credit investigation information and personal privacy protection. At the same time, the central bank also said that we should innovate and improve the credit investigation services of small and micro enterprises.

However, the government has not released any clear information on whether it can successfully launch the second generation credit investigation before the Spring Festival.

Around April last year, the market once heard the news that the second-generation credit investigation system had been launched, saying that 'the report of public inquiry is a new version of credit investigation report'. However, the rumor was soon refuted by the central bank official. At that time, relevant people of the central bank said, 'the system is still upgrading and there is no clear timetable.'

According to the disclosure of the credit investigation center of the central bank, from January to November 2019, the cumulative queries of individual and enterprise credit investigation systems were 2.1 billion and 97.72 million respectively, and the average daily queries were 6.28 million and 300000 respectively.

The generation of credit inquiry temporarily closed the intermediary circle of friends and shouted 'buy a house as soon as possible'

It is worth noting that the news of the launch of the credit investigation system may not be groundless.

A few days before the new year, major banks issued notices one after another, and the next-generation credit inquiry interface was temporarily closed. Part of the notice said: 'due to system network failure, the service of the national credit investigation system was suspended. Please understand that the opening time is waiting for the notice of the head office of the people's Bank of China. "

On January 6, the credit investigation center of the central bank announced that "in order to improve the service capacity, the personal credit information service platform plans to upgrade the system from 17:00 on January 14, 2020 to 8:00 on January 19, 2020, and the external service will be suspended at that time." The above announcement said that during the suspension of service, if there is an urgent need to query personal credit information, you can bring your ID card to the local query outlet for on-site query.

Interestingly, a few days ago, many real estate agents in the circle of friends also began to issue news reminders, suggesting that buyers should hurry up to issue a credit report in the last period of time, so as not to miss their favorite houses.

There are various signs that the central bank may be preparing for the second-generation credit investigation adjustment, and it is more likely to go online at the beginning of this year.

The second generation credit investigation system has a far-reaching impact, and the "fake divorce to buy a house" is no longer feasible

So why did the second-generation credit reporting system ready to go online this time attract so much attention? Compared with the first generation credit reporting system, what is the difference between the second generation credit reporting system?

At present, the following aspects may be the most concerned in the market:

1. The new version of credit investigation will reflect the debt situation of both husband and wife. This also means that even after divorce, the non main lender who buys a house again belongs to having a house and a loan, with a down payment of 80%. After divorce, he can't buy a house with a low down payment. In a word, 'fake divorce to buy a house' may not work, and the down payment for divorce to buy a house may increase.

2. The new version of credit information is updated more timely. According to the requirements, all institutions submit data to the credit investigation center at the collection time point t + 1. This also means that it is more and more impractical to apply for loans concurrently by taking advantage of the slow time difference of bank credit investigation and update.

3. The content of the new version of credit investigation is more detailed. In the past, parking space loans and decoration loans were essentially large credit card installments. Credit investigation only reflected the credit card, not the installment amount. The new credit investigation report will reflect the installment time and installment amount and be more detailed. This also means that applying for a mortgage requires more running water to offset liabilities.

4. The personal information record of the new credit investigation system is more complete and comprehensive. In the new version of the credit reporting, the personal qualifications, employment, e-mail, communication address, registered residence address and mobile phone numbers of all personal users will be displayed. Spouse information is relatively complete, such as name, certificate type, certificate number, work unit and contact number. The detailed residence information of individuals in recent years is recorded. Even the frequent change of mobile phone number and residence information will be recorded.

5. The bad records of the new version of credit investigation remain longer within the validity period. It is reported that bad information, including overdue and bad debts, will be retained for 5 years from the date of suspension. The repayment record of the new credit investigation report is extended to 5 years to record detailed repayment information (even if the account is closed, there are detailed repayment records) and overdue information.

Analysts believe that under the condition of imperfect credit investigation in the past, if there is a serious overdue behavior, perhaps we can use the method of robbing Peter to pay Paul. As long as we can get the money to pay off the account arrears and then cancel the account, we can get a 'clean' credit investigation report, but the new version is likely to be unable to find the east wall within five years. This also means that in the future, it may be difficult for Laolai to change into a new buyer and apply for loans from financial institutions.

6. The new version of credit investigation brings more life information into the credit investigation, and the credit investigation records are diversified. In addition to the traditional loan information, the payment of telecom business and tap water business. It also records information such as tax arrears, civil rulings, enforcement, administrative penalties, subsistence allowances, professional qualifications and administrative awards.

Overall, the second generation credit investigation system is more comprehensive and complex for personal information collection, and the application scenarios are more comprehensive. Compared with the 'first generation', the second generation of credit investigation solves the information that the first generation of credit investigation cannot cover, such as revolving loan, large amount special installment of credit card, CO borrower, enterprise guarantee for individual, individual guarantee for enterprise, overdue repayment information and so on.

The upgrading of credit investigation system means the diversification of personal credit investigation records and the strict display of many bad records. More and more people also begin to realize the importance of personal credit.

Recently, Wang Xiaolei, deputy director of the credit investigation center of the people's Bank of China, said that the number of my credit report inquiries is still rising. More and more people realize the importance of my credit to themselves, and the number of inquiries will continue to rise in the future.

According to Wang Xiaolei, at present, the information reflecting the borrower's credit status collected by China's credit investigation system according to law and compliance mainly includes three categories: first, personal credit information, including loan, credit card, guarantee and other business information. By the end of November 2019, the personal credit investigation system had access to 3693 various lending institutions, and has basically achieved wide coverage of personal financial credit information. The second is the credit information of "consumption before payment", which mainly includes the payment information of public utilities such as telecommunications. This kind of information can help individuals who lack credit records to establish credit files. The third is public information, mainly including administrative license and punishment information, court dishonest executee information, etc.

Huachuang Securities pointed out that it is estimated that compared with mature markets such as the United States, China's credit investigation market space can reach 100 billion yuan. The driving factors for the development of the industry are: the increase in the proportion of bank personal credit loans and the increase in financial penetration brought by Internet finance; The expansion of credit investigation application scenarios from bank credit scenarios to other fields. With the gradual liberalization of licenses, the promotion of relevant industry policies and the objective needs of new businesses such as Internet Finance and consumer finance, the rapid development stage of the credit investigation industry has come.

Extended reading

1. How to check the personal credit report?

According to regulations, information subjects can query their own information from credit investigation institutions. All branches of the people's Bank of China, outlets of some financial institutions and government halls in some regions can be queried through self-service inquiry machines. The personal information subject has the right to obtain his credit report twice a year for free. Charge 10 yuan for the third time.

2. What's in the personal credit report?

In addition to the basic personal information, the six page report also includes three categories of information: first, credit information, including loans, credit cards, guarantees, leases, etc; Second, the credit information of consumption before payment, mainly including telecommunications and other public utilities; The third is public information, including administrative license, administrative punishment, and the information of dishonest Executees of the court. If there is a bad record, it will appear in the column of "summary of overdue and default information" behind the basic information. For the payment information such as water, electricity and gas that people are concerned about, the person in charge of the central bank said that further research is needed on which item can be included in the personal credit report in the future.

3. How long will bad information be kept?

Wang Xiaolei, deputy director of the credit investigation center of the people's Bank of China, said that the bad information will be deleted from the credit report five years (after) from the date of termination, which is automatically set by the computer.

4. Are you sure you can't get the loan with a bad record?

The bank said that from the practical point of view, not once there is overdue or bad, all banks will say 'no' to you. Commercial banks will have a set of scientific algorithms to process the found credit information according to the actual situation, and finally generate a score. If the entry threshold is reached, the subsequent approval will continue.

5. How to raise objections when information errors are found?

After inquiry, if the information collected, saved or provided by the credit investigation institution is considered to have errors or omissions, the information subject has the right to raise objections to the credit investigation institution or information provider and request correction.

Wang Xiaolei, deputy director of the credit investigation center of the people's Bank of China, said that whether we raise an objection to the issuing bank or to the credit investigation center, we will start this process immediately.

Central bank: illegal inquiries by big data companies are strictly prohibited