Otherwise, the bank will be punished accordingly.
Personal credit authorization refers to the written document that you agree and authorize the bank to inquire about your personal credit information from the credit reporting agency.
Power of Attorney for Personal Credit Information is a necessary document for a loan bank to inquire about your personal credit information from a credit information agency. Without the power of attorney, the credit bureau may not provide your personal information, so the loan user must sign it.
Article 18 "Regulations on the Administration of Credit Information Industry" Anyone who inquires personal information from a credit information agency shall obtain the written consent of the information subject and agree to use it. However, unless the law stipulates that it can be inquired without consent.
Credit institutions shall not provide personal information in violation of the provisions of the preceding paragraph.
Article 19 Where a credit reporting agency, information provider or information user obtains the consent of the subject of personal information by using the terms of the standard contract, it shall make a prompt in the contract that is enough to attract the attention of the subject of information and make a clear explanation according to the requirements of the subject of information.
The retention period of personal bad information by credit reporting agencies is 5 years from the date of termination of bad behavior or incident; More than 5 years, should be deleted. During the retention period of bad information, the information subject may explain the bad information, and the credit reporting institution shall record it.
Information subjects can inquire their own information from credit reporting agencies. The subject of personal information has the right to get my credit report twice a year for free.
At present, credit reports are 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 commercial credit sales, credit transactions, recruitment and job hunting and other fields.
Personal credit report also provides a way for inquirers to examine and standardize their own credit record behavior, and forms a verification mechanism of personal credit information.