The credit agreement in the credit report is to grant credit guarantee. When the bank passes the consumer's loan application, the bank will grant the consumer the corresponding credit limit, which is regarded as successful credit granting. If the bank fails to pass the consumer's loan application, it will not give the consumer the corresponding credit line, which is regarded as credit failure.
For example, if someone uses loan software or applies for a loan from a bank, the loan software and the bank need the authorization of consumers to query the personal credit information system. Loan software requires consumers to sign a user agreement. After signing the user agreement, the loan software can query the consumer's personal credit information system.
However, for the borrower, credit is only the first step, which is equivalent to handing in your resume during the interview. Next, the bank will evaluate your current qualifications, credit status, repayment ability and other aspects, and will give the borrower the maximum loan amount after the evaluation is passed.
It is worth noting that bank credit is not a loan, and the borrower still needs to submit a loan application, which can only be recognized as a real loan after the second review by the bank, and your loan record will be recorded in the credit record.
Let's start with the credit agreement in the credit report. The credit agreement information in the credit report is mainly the location where the credit line is displayed after the credit information system is upgraded. Among the major banks, only ICBC, ABC and CCB have reported it, and other banks will make adjustments one after another, which is regarded as the change of credit account information.
Generally speaking, a credit-related contract cannot be cancelled after it is signed, which means that once it is authorized, it is a permanent record. It is worth noting that our credit information is very important when lending. In addition to bad records, excessive use of credit products or clicking on loan platforms will also be affected.
The above is the content of the credit information agreement on credit information. I suggest that you don't use this agreement easily or too much, and you must protect your credit information at ordinary times. Credit investigation is very important in this era.