China Credit Information Service (CCIS) is a credit reporting agency in China that collects and provides credit information on individuals and businesses. It operates under the regulations and guidelines set by the People’s Bank of China and other relevant authorities. CCIS gathers data from various sources, including financial institutions, government agencies, and other credit reporting agencies, to compile comprehensive credit reports. These reports are used by lenders, employers, and other entities to assess the creditworthiness and financial stability of individuals and businesses. CCIS is responsible for ensuring the accuracy and confidentiality of the information it collects and provides. It is subject to legal obligations regarding data protection and privacy, and individuals have the right to access and correct their credit information held by CCIS.
China Credit Information Service (CCIS) is a leading credit reporting agency and credit information provider based in Taiwan, serving financial institutions, businesses, and individuals. Established in 1961, CCIS plays a vital role in facilitating credit risk assessment, credit management, and decision-making processes for lenders and borrowers in Taiwan’s financial ecosystem.
CCIS collects, processes, and analyses credit-related data from various sources to generate credit reports and scores that help assess the creditworthiness and financial stability of individuals and businesses. The information gathered by CCIS includes credit histories, loan repayment records, debt levels, public records, and other relevant financial data.
Key services offered by the China Credit Information Service include:
- Credit Reports: CCIS generates comprehensive credit reports for individuals and businesses based on their credit histories and financial profiles. These reports provide valuable insights into credit behaviour, payment patterns, outstanding debts, and overall creditworthiness.
- Credit Scoring: CCIS calculates credit scores that quantify the credit risk associated with borrowers. These scores help lenders evaluate the likelihood of loan repayment and make informed decisions about extending credit.
- Credit Monitoring: CCIS offers credit monitoring services to track changes in credit profiles and alert stakeholders to potential risks or opportunities. This helps lenders and businesses manage credit exposures and mitigate risks associated with lending activities.
- Fraud Prevention: CCIS supports fraud prevention efforts by identifying suspicious activities, irregular credit behaviours, and potential fraudulent transactions through its data analytics capabilities.
- Consulting Services: CCIS provides consulting services to financial institutions, businesses, and government agencies on credit risk management, regulatory compliance, and data-driven decision-making strategies.
CCIS contributes to the stability and efficiency of Taiwan’s financial sector by promoting responsible lending practices, enhancing risk management capabilities, and fostering transparency in credit transactions. Its services empower stakeholders to make informed credit decisions, minimise credit losses, and strengthen overall financial health.
As a trusted credit information provider with decades of experience, China Credit Information Service continues to play a pivotal role in shaping credit markets and fostering economic growth by enabling access to reliable credit information and promoting financial inclusion in Taiwan.
CCIS is a credit reporting agency in China that collects and maintains credit information on individuals and businesses.
You can request your credit report from CCIS by submitting an application form along with the required identification documents and paying the applicable fees.
CCIS can only share your credit information with third parties if you have provided consent or if it is required by law.
CCIS retains credit information for a period of five years from the date of collection, as mandated by Chinese regulations.
Yes, if you believe there are inaccuracies in your credit report, you have the right to dispute them with CCIS. They will investigate your claim and make necessary corrections if required.
Yes, CCIS provides credit scores based on the credit information they have collected. These scores are used by lenders and financial institutions to assess creditworthiness.
CCIS can disclose your credit information to employers only if you have provided consent or if it is required by law for certain job positions.
No, as a credit reporting agency authorised by the Chinese government, CCIS collects credit information from various sources, and individuals cannot opt out of this process.
Having a poor credit score from CCIS can make it difficult to obtain loans, credit cards, or other financial services. It may also impact your ability to secure employment or rental agreements.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 28th April 2024.
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