1. what is a credit report?

Credit report is a financial service product based on big data, cloud computing, artificial intelligence and other technologies, which can provide enterprises and individuals with comprehensive, accurate and timely credit information to help them make decisions such as credit assessment, risk management and market development.

Credit reports usually contain the following:

Basic information: including enterprise or individual registration information, shareholder information, legal person information, business status, etc;

Credit history: including loan records, repayment records, overdue records, tax arrears records, guarantee records, etc. of enterprises or individuals;

Judicial information: including litigation records, judgment documents, implementation, etc. of enterprises or individuals;

Financial information: including financial statements, financial indicators, financial ratios, etc. of enterprises or individuals;

Negative records: including records of enterprises or individuals who have been executed for breach of trust, records of being blacklisted, records of being revoked business licenses, etc;

Credit scores and limits: including comprehensive credit scores and recommended credit lines for businesses or individuals.

Sources and access to 2. credit reports

There are two main sources of credit reporting:

Official source: Refers to publicly available credit information provided by government departments or authorized agencies, such as the Credit Reference Center of the People's Bank of China.2The enterprise and individual credit information system, as well as the national enterprise credit information publicity system, etc;

Commercial source: refers to the customized credit information provided by professional credit agencies or financial service institutions, such as China Credit Insurance Credit Platform provided by China Export and Import Bank, and special market research services provided by Shangpu Consulting.

There are two main ways to obtain:

Self-service inquiry: refers to the online or on-site channels, self-application and inquiry of their own or other people's credit report, generally need to provide relevant documents and authorization, etc;

Entrusted inquiry: refers to the entrustment of professional credit agencies or financial service institutions to inquire about their own or other people's credit reports, generally need to pay a certain fee and provide relevant information.

The verification method of 3. credit report.

The verification method of credit reporting consists of the following steps:

Confirm the authenticity and validity of the report: by checking the source, number, date, signature, etc. of the report, judge whether the report is true and effective, and avoid being misled by forged or expired reports;

Consistency and completeness of the comparison report: by comparing the basic information in the report with information from other sources, such as business registration information, financial statement information, etc., to determine whether the report is consistent and complete, to avoid being affected by errors or missing information;

Analysis of the credit status and risk level of the report: by analyzing the credit history, judicial information, negative records, etc. in the report, to judge the credit status and risk level of the reporting subject, to avoid being damaged by high-risk or low-credit subjects;

Credit score and limit of the evaluation report: by evaluating the credit score and limit in the report, judge the credit level and credit ability of the reporting subject, and avoid being limited by the subject of low score or low limit;

Use other information and recommendations from the report: optimize your credit management and market expansion decisions by using financial information, industry information, market information, etc. in the report, as well as other services and recommendations from the report provider.

The value and role of 4. credit reporting in practical applications

Credit reporting has the following values and functions in practical application:

Improve credit transparency and credibility: by providing comprehensive, accurate and timely credit information, increase the trust of oneself or others to oneself or others, and reduce transaction costs and risks;

Improve credit levels and credit capacity: by improving their own or others' credit history, improve their own or others' credit scores and limits, increase their own or others' financing channels and financing efficiency;

Optimize credit management and market expansion: by analyzing their own or others' financial situation, industry situation, market situation, etc., formulate reasonable credit strategy and market strategy, improve their own or others' competitiveness and profitability.

5. Shangpu Consulting Service Customer Case

Shangpu Consulting is one of the earliest consulting agencies in China to provide special market research services.5000Our clients have provided professional market research and related consulting services.4The following are specific examples of the use of credit reports by clients of Champ Consulting Services:

When a large state-owned bank is conducting credit approval for a company to be listed, it entrusts Shangpu Consulting to inquire about the credit reports of the company and its related parties at home and abroad, and conduct a comprehensive analysis. According to the needs of the bank, Shangpu Consulting has provided the bank with detailed and authoritative credit reports of the enterprise and its related parties in China, the United States, the United Kingdom and other countries and regions, and conducted in-depth and professional verification and analysis. Shangpu Consulting found that the company and its related parties have a number of negative records, such as overdue repayment, litigation disputes, blacklisting, etc., and gave corresponding risk tips and suggestions.

When a medium-sized private enterprise is expanding its overseas market, it entrusts Shangpu Consulting to inquire about the overseas credit reports of its potential partners and conduct a comprehensive evaluation. According to the needs of enterprises, Shangpu Consulting uses its own query rights in multiple overseas data sources to provide enterprises with detailed and authoritative credit reports of its potential partners in the United States, Germany, Japan and other countries and regions. In-depth and professional evaluation and analysis. Shangpu Consulting found that its potential partners have good credit records overseas, such as on-time repayment, no litigation disputes, no negative records, etc., and gave the corresponding credit scores and limits.

When a small start-up enterprise applies for financing, it entrusts Shangpu Consulting to inquire about the domestic credit report of itself and its shareholders, legal persons and senior executives, and carry out comprehensive optimization. According to the needs of enterprises, Shangpu Consulting uses its own query rights in multiple domestic data sources to provide enterprises with detailed and authoritative credit reports of themselves and their shareholders, legal persons, and executives in China, and conducted in-depth and professional Optimization analysis. Shangpu Consulting found that it and its shareholders, legal persons, and executives have some unfavorable credit records in China, such as tax arrears records, guarantee records, and records of untrustworthy persons subject to enforcement, and gave corresponding improvement suggestions and measures.

The above cases illustrate the value and role of credit reports in practical applications, and also reflect that Shangpu Consulting, as a professional credit agency or financial service institution, can provide customers with comprehensive, accurate and timely credit reports, as well as in-depth, Professional and customized verification, evaluation, optimization and other services.

Conclusion

Credit reporting is an important financial service product that can provide enterprises and individuals with comprehensive, accurate and timely credit information to help them make decisions such as credit assessment, risk management and market expansion. This paper introduces the content, source, acquisition method and verification method of credit report, and how to use credit report for effective credit management.