#中国央行 published a notice: Implementing a one-time credit repair policy. For personal debts with a single overdue amount ≤ 10,000 yuan from January 1, 2020, to December 31, 2025, as long as they are fully repaid by March 31, 2026, the financial credit information database will not display it.
Main impacts:
1️⃣ Quick credit recovery: For eligible small overdue amounts, repayment will automatically eliminate the record, aiding in loan, credit card, and mortgage approvals.
2️⃣ Easy operation: No application or submission of materials required, the system processes automatically, saving time and costs.
3️⃣ Incentive for timely repayment: Clear repayment deadlines encourage early settlement and reduce credit loss.
4️⃣ Limited applicability: Only applies to overdue records of single amounts ≤ 10,000 yuan; large overdue amounts and non-credit negative information are not affected.
5️⃣ Be aware of risks: The policy is free, but beware of scams impersonating the policy.