The People's Bank of China issued a notice regarding the implementation of arrangements for a one-time credit repair policy

The People's Bank of China issued a notice regarding the implementation of a one-time credit repair policy. In order to actively respond to the subsequent impacts of the COVID-19 pandemic, support individuals with damaged credit who are actively repaying their debts to efficiently and conveniently rebuild their credit, and assist in the continuous recovery of the economy, it has decided to implement a one-time credit repair policy.

For overdue information on individuals with a single amount not exceeding 10,000 yuan from January 1, 2020, to December 31, 2025, if the individual fully repays the overdue debt by March 31, 2026 (inclusive), the financial credit information database will not display this information. Among them:

If the individual fully repays the overdue debt by November 30, 2025 (inclusive), the financial credit information database will not display the relevant overdue information starting from January 1, 2026; if the individual fully repays the overdue debt between December 1, 2025, and March 31, 2026, the financial credit information database will not display the relevant overdue information by 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 eligible overdue information, and individuals do not need to apply for this process.