Benefits of expanding data credit
Save time. ? A lot of information that banks need to know is in your credit report, so you don't have to spend so much time investigating and verifying the authenticity of the information you filled in the loan application form. So the first advantage of credit reporting is to save your time and help you borrow money faster.
Nice loan. ? As the saying goes, "it's easy to borrow, but it's hard to borrow again." If your credit report reflects that you are a person who pays on time and earnestly fulfills the contract, the bank will definitely like you. Not only can we provide credit services such as loans and credit cards, but we may also give preferential treatment on the amount and interest rate.
Just to remind you. ? If it is recorded in the credit report that you borrowed money and didn't pay it back, the bank should of course be cautious when considering whether to give you a loan, and it is likely to provide you with mortgage and guarantee, which may reduce the loan amount, raise the loan interest rate and even refuse to give you a loan. If the credit report shows that you have borrowed a lot of money, the bank will be very cautious, fearing that you can't bear too much debt and may refuse to lend you any more. This reminds you to cherish your credit history and consciously accumulate your credit wealth.
Fairer. ? Another great benefit of credit reporting is to help you get a fairer credit opportunity. The Credit Information Center provides the bank with an objective record of your credit history, "let the facts speak for themselves", which reduces the influence of the subjective feelings and personal emotions of loan officers on the results of your loan and credit card application, and allows you to obtain more fair credit opportunities.
References:
Baidu encyclopedia credit information service