Credit information is managed and operated by the Credit Information Management Center of China People's Bank. According to the requirements of the CBRC, banks and other financial institutions report user credit data to the credit management center. Banks and other financial institutions are only responsible for uploading data, not modifying users' credit data, but only assisting users in managing credit information.
When managing users' credit information, the credit management center will update users' credit information according to the data regularly reported by financial institutions. Therefore, users' data updates usually have a fixed time period. After receiving the data from banks and other financial institutions, the credit management center needs to update users' credit information in batches, and the background data system needs to update users' credit information uniformly. Therefore, the credit management center has set a certain extension period.
When a user disagrees with his/her personal credit record, he/she can initiate modification to the credit management center through the loan bank. After the user fills in the relevant application, the loan bank submits the application materials to the Credit Management Center of the People's Bank of China for modification. The staff of the credit management center will review the user's application, and after the approval, they will modify the user's credit and correct the user's bad credit record.
If the user pays off the loan or credit card, the user's credit information will not be modified in real time, and the credit management center will modify the user's credit information regularly, resulting in many users clearly paying off the loan, but the credit report shows that the loan has not been paid off.
Related Q&A: How often is the general credit information updated? The personal credit information system of China People's Bank is updated once a month. Personal credit investigation refers to the activities of personal credit investigation institutions established according to law to collect and process personal credit information and provide personal credit information inquiry and evaluation services according to the requirements of users. Personal credit report is a personal credit history record provided by a credit reporting agency to legitimate information inquirers after processing and sorting out the information collected according to law. If the financial institution can upload the credit information immediately after paying off, it will update the personal credit record on the current account update date. Everyone's account update time is uncertain, so the update time of credit information is also uncertain. In other words, there is no specific time to update the credit information. After the loans handled by commercial banks are settled, they will be directly reported to the credit information system of the People's Bank of China. After the central bank receives the submitted credit data, it usually takes more than one month to complete the update. If it is overdue, it is necessary to keep the record of repayment on time for five years after paying off the arrears, so as to return to normal. In other words, it will only be deleted within five years after the arrears are paid off. If overdue records appear again within these five years, it will be recalculated. There are also many people who find that they can still get loans or credit cards as long as their credit records in the past two years are not overdue. For overdue fees, different online lending platforms have different names and different charging standards. Whether it is called overdue penalty interest, overdue management or other various names, the charging standard is very high. Therefore, those who have the ability to repay on time should never be overdue. Collection is generally divided into three stages: the first stage, just a few days overdue, the platform customer service will remind you in a low voice, overdue, please repay on time; In the second stage, if it is overdue for a long time, the platform customer service will seriously warn that the threat of overdue will face serious consequences; In the third stage, it was overdue for a long time, and the platform stopped trying to convince the other party and began to take practical actions. Legal basis: Article 16 of the Regulations on the Administration of Credit Information Industry stipulates that the retention period of personal bad information by credit information agencies is 5 years from the date of termination of bad behavior or incident; More than 5 years, should be deleted.