Can a credit bureau modify a financial institution s data?

The credit information center cannot modify the data of financial institutions, and the credit information center is actually a summary center, and the function is only to summarize the personal financial data reported by the banks connected to the credit information center, so that people or companies in need can view it.

Extended materials: Personal credit reporting refers to the activities of lawfully established personal credit reporting establishments collecting and processing personal credit information, and providing personal credit information inquiry and assessment services at the request of users. Personal credit reports are personal credit history records that credit reporting establishments have collected in accordance with law, processed and sorted out in accordance with law, and finally provided to lawful information inquirers in accordance with law.

As of 2015, the database included a total of 100 million natural people, of which 100 million had credit records

In May 2019, the new version of personal credit information was officially launched, and the duration and granularity of credit information will be further improved.

On September 30, 2021, the Measures for the Administration of Credit Investigation Business were deliberated and approved by the 9th Executive Meeting of the People's Bank of China in 2021 on September 17, 2021, and are hereby promulgated and will come into force on January 1, 2022.

At present, it is mainly used for various consumer credit businesses of banks. With the continuous improvement of the social credit system, credit reports will be more widely used in various fields such as commercial credit sales, credit transactions, and recruitment and job search.

In addition, the personal credit report also provides a way for the inquirer to examine and regulate his or her own credit history behavior, and forms a verification mechanism for personal credit information.

Credit information includes:

1.Personal identity and basic personal information reflecting the individual's family, occupation, etc.;

2.Personal credit information formed by an individual's credit relationship with a financial institution or a housing provident fund management center;

3.Personal credit purchase and payment information formed by the credit purchase relationship between individuals and commercial institutions and public utility service organizations;

4.Information on public records related to personal credit formed by administrative organs, administrative affairs enforcement bodies, and judicial organs in the course of exercising their authority;

5.Other information related to personal credit.

At present, the personal credit business has further expanded to the fields of foreign banks and non-banks, and has cooperated with pawnbroking, guarantee, leasing and other institutions, entering a new stage of development.

The enterprise credit information system collects various commercial credit information of the enterprise, including enterprise registration information, annual inspection grade, product compliance information, tax grade information, state-owned assets performance evaluation information, import and export declaration records, credit financing records and industry statistical analysis information.

No! A credit bureau is actually a summary center. Its function is only to summarize the personal financial data reported by each bank connected to the credit information center. It's just convenient for people or companies in need to view!

Credit bureaus are also not allowed to change the data of financial institutions at will.

Under normal circumstances, the credit bureau cannot modify the data of the financial center.

The personal credit reporting system is in the central bank, so the credit reporting is done by the central bank. Actually, no, the system is right in the central bank, but the central bank is only responsible for objective collection and recording of credit status, and will not make any evaluation of credit records, so it is not a credit report made by the central bank.

The credit information center only objectively collects and displays the credit information of customers, and does not make any evaluation of customer information. The "Regulations on the Administration of the Credit Reporting Industry" provide: The retention period for credit reporting establishments of negative personal information is 5 years from the date on which the negative conduct or incident is terminated; Where it is more than 5 years old, it shall be deleted.

Can the credit bureau modify the data of the financial center? Ordinary people do not have this right, and it is illegal to modify it.

According to the regulations, the data of the credit reporting system can only be modified or deleted by the financial institution that submitted the data after careful verification and strict approval, and no other unit or individual can modify it. If the People's Bank of China finds that a financial institution modifies its credit data in violation of regulations, it will strictly deal with it, so it also reminds everyone not to believe in credit "whitewashing" and bad information shoveling.

In addition, if the user believes that there are errors or omissions in the information in the personal credit report, he or she has the right to submit an objection application to the financial institution or the branches of the People's Bank of China that submitted the information and request that the information be corrected; If the financial institution refuses to accept the application, it may file a complaint with the local People's Bank of China. The financial institution will verify and handle the objection within 20 days from the date of receipt of the objection, and reply to the objection applicant with the result. If, after verification, it is confirmed that there are indeed errors or omissions in the relevant information, the financial institution that submitted the information shall correct the information.