How to check personal credit standing if you want to buy a house
In the process of buying a house, personal creditworthiness (credit reference) is an important basis for banks or financial institutions to evaluate loan applications. A good credit history can help you get lower interest rates and higher loan amounts. So, how to check personal reputation? This article will give you a detailed introduction to inquiry methods, precautions, and recent hot topics related to credit reporting.
1. Personal credit inquiry method
The following are several common personal credit inquiry methods:
| Query method | Operation steps | Things to note |
|---|---|---|
| Official website of the Credit Reference Center of the People's Bank of China | 1. Visit the official website of the Credit Reference Center (http://pbccrc.org.cn) 2. Register and log in to your account 3. Submit inquiry application 4. Get reports within 24 hours | You can query 2 times per year for free, and you will be charged for more than one query. |
| Commercial Bank Online Banking/Mobile Banking | 1. Log in to a bank APP that supports credit inquiry (such as China Merchants Bank, China Construction Bank, etc.) 2. Enter the "Credit Inquiry" function 3. Submit application and view report | Some banks may charge fees |
| Offline inquiry | 1. Bring your ID card to the local People’s Bank of China branch 2. Fill out the application form and submit 3. Get paper reports on the spot | It takes working days to process, and some outlets require reservations. |
2. Things to note when checking personal credit standing
1.Avoid frequent queries: Multiple credit inquiries in a short period of time may affect loan approval. It is recommended that inquiries be made no more than three times a year.
2.Check information accuracy: If errors are found (such as incorrect overdue records), objections can be raised to the credit reference center or relevant financial institutions.
3.Protect personal information: Never inquire through unofficial channels to prevent information leakage.
3. Recent hot topics: The relationship between credit reporting and home buying
In the past 10 days, hot discussions on credit reporting and home buying on the Internet have mainly focused on the following aspects:
| hot topics | Main content | Related data |
|---|---|---|
| "Three in a row leads to six" rule | If you are overdue three times in a row or six times in total, your loan may be rejected. | About 15% of loan applications are rejected due to credit problems |
| The impact of online loans on credit reporting | Frequent use of online loans may lead banks to consider insufficient repayment ability | 35% of young people have mortgage loan problems affected by their online loan records |
| Credit Repair Scam | Fraud cases of “paying money to launder your credit” have been exposed in many places recently. | The number of related complaints in 2023 will increase by 40% year-on-year |
4. How to improve personal credibility
1.Repay on time: Avoid overdue credit cards, loans, etc.
2.Control debt ratio: It is recommended that the credit card usage limit be less than 70%.
3.Reduce guarantee behavior: Guaranting for others may increase your credit risk.
Summary
Checking your personal creditworthiness is a necessary step before buying a home. Obtaining reports through official channels and ensuring that the information is accurate is key. The recently hotly discussed credit reporting issues also remind us that a good credit record requires long-term maintenance. If you need further information, please consult your bank or professional financial advisor.
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