Nowadays, society has become more dependent on using credit information to make financial and commercial decisions. Therefore, a good credit report can be one of your most important assets. Based on information such as credit application data, credit usage, account repayment history, and litigation record, credit providers can evaluate your credit worthiness before making a decision on your credit application. To prepare a credit report, credit reference agency collects credit information from its members and public records.

By taking your credit report into consideration, credit providers are able to make timely, objective, and appropriate decisions to extend loans and credit. It is more likely for you to obtain new loan with better credit terms if you have a credit report indicating careful usage and management of personal credit and positive repayment history. On the contrary, if your credit report reflects default accounts and serious indebtedness, you may be viewed as an irresponsible borrower by the credit providers. As a result, you are more prone to rejection of credit application or unfavourable credit terms such as higher interest rates. Therefore, it is important to maintain a good credit report without any delinquent records.

A credit report may include the following information:

• General particulars of a person including name, gender, date of birth , Hong Kong ID Card number or travel document number, current and previous addresses and telephone numbers;
• Information relating to a person's credit accounts such as type of credit, credit limit, current credit usage, account repayment history;
• Public records such as litigation record relating to recovery of debt, bankruptcy, winding-up petitions;
• Enquiry records, which list members that have accessed your credit report within the last two years;
• Credit score, a numerical expression of a person's credit worthiness based on information from credit report
  

For information on credit reporting, please contact the following credit reference agency: