Ten Characteristics of Credit Information

Credit information management focuses on the activities that an independent third party provides credit information services for credit-granting institutions.It has the following 10 characteristics: credit data collected consist mainly of credit information;establishment of personal or business credit information account;credit information owns a micro-nature and it's necessary to effectively protect the main body,especially,consumers rights;Credit is an industry / profession;the main target groups of credit are credit-granting institutions and credit activities;credit information is an information-sharing mechanism;services of credit information are provided by third parties independent of the transactions;the function of credit is,to some extent,to reveal the information on the principal's credit status;the development of credit information industry not only suits better to market-oriented operation,but also needs governmental regulation;credit information industry is an emerging industry more heavily dependent on the laws and regulations and on the emerging industries closely related to the social-cultural environment.