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Private Credit Agencies Vying for Untapped Market of 500 million Creditors

Credit institutions are itching to become a part of the second wave of licensed agencies in the personal credit industry. However, there are some hurdles to overcome. For example, industry experts shine light on the lack of bank credit repayment records for over 500 million creditors who have never taken out loans with the bank. How to provide credit information on this group of people will be the entry point for many private credit institutions.

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