A Study On The Legal System Of Personal Credit In China

Market economy is credit economy. The normal operation of the social economic activity depends on the perfect social credit system construction. And the system is dependent on the personal credit legal system. Scholars have different opinions on the value of the legal system of personal credit reporting goals.This paper argues that in the era of Internet financial, personal information is changeable and suspicious. Credit bureaus need more effective credit information, which increases the acquisition costs, affects the personal information collection efficiency; some information may not involve in the credit transactions, but used to evaluate personal credit status. It is difficult to detect the information and to control the application situation, which affects the safety of personal information.Therefore, this article maintains the order of personal credit registry as the basic value goal. The safety value is defined as people can effectively control the use of their personal information. The efficiency value is defined as the credit bureau’s information collection efficiency. In the era of Internet financial and big data inquiry context, the interests of the legal system of personal credit has changed. We can’t just consider the information security or the efficiency. Personal credit legal system should include efficiency, safety, and order. We should maintain the order of personal credit registry as the core; realize the information collection efficiency and the use of safe. Therefore, the law should be amended according to the value target, in order to regulate personal credit business effectively and promote the development of credit market of the era of big data.In this paper, through the value analysis method, method of normative analysis and comparative analysis methods, combination with the current personal credit legislation in China, and under the guidance of efficiency, safety and order, analysis from personal credit bureaus and personal credit information, on the basis of using the experience of foreign personal credit legal system, puts forward the suggestions of perfecting our country’s legal system of personal credit. Including setting up personal credit bureaus, the reasonable regulation of the responsibility of the individual credit bureaus, credit bureaus industry regulation; the credit data collection, the personal information quality, the legal system of information sharing.