Credit reporting and untrustworthiness limits are both concepts related to personal credit, but they have obvious differences as follows:
Credit reporting refers to the collection, sorting, processing, and analysis of personal credit information, and the provision of credit reports, credit assessments, and other services to third parties to help individuals or enterprises understand the credit status and performance ability of others. The credit information system is a huge database, which records the basic information of individuals, credit records, transaction records, civil judgments, tax records, etc., which are widely used by banks, financial institutions and other enterprises and institutions, and have an important impact on personal credit rating and loan applications.
The high limit for untrustworthiness refers to the fact that the person subject to enforcement fails to perform the obligations determined in the effective legal documents and has one of the six circumstances, so that he is included in the list of judgment defaulters. Judgment defaulters will be restricted from spending highly, such as not being allowed to take flights, not to buy real estate, not to travel and vacation, etc. In addition, personal information such as the name, gender, and ID number of the judgment defaulter will be made public, and publicized in *** and public places to warn them of their untrustworthy behavior.
To put it simply, credit reporting mainly focuses on the credit status and performance ability of individuals or enterprises, while the high limit of untrustworthiness is a punishment measure for untrustworthy behavior, which promotes the person subject to enforcement to fulfill its obligations by restricting high consumption.