The People's Bank of China issued a notice regarding arrangements for implementing a one-off credit repair policy.

According to Mars Finance, the People's Bank of China has issued a notice regarding arrangements for implementing a one-time credit repair policy. To actively address the ongoing impact of the COVID-19 pandemic, support individuals whose credit has been damaged but who are actively repaying their debts in efficiently and conveniently rebuilding their credit, and contribute to the continued recovery of the economy, the bank has decided to implement a one-time credit repair policy. For personal overdue information with a single amount not exceeding RMB 10,000 from January 1, 2020 to December 31, 2025, if the individual fully repays the overdue debt before March 31, 2026 (inclusive), the Financial Credit Information Basic Database will not display it. Specifically: if the individual fully repays the overdue debt before November 30, 2025 (inclusive), the Financial Credit Information Basic Database will not display the relevant overdue information from January 1, 2026; if the individual fully repays the overdue debt between December 1, 2025 and March 31, 2026, the Financial Credit Information Basic Database will not display the relevant overdue information until the end of the following month. The Credit Reference Center of the People's Bank of China is responsible for organizing the unified technical processing of overdue information that meets the criteria, without requiring individual applications.