央行新政！借款人速看

Core Viewpoint - The People's Bank of China has introduced a one-time credit repair policy aimed at helping individuals with small overdue debts, which is expected to benefit both borrowers and financial institutions while curbing the illegal credit repair industry [1][2]. Group 1: Policy Details - The policy allows individuals with overdue amounts not exceeding 10,000 RMB from January 1, 2020, to December 31, 2025, to have their overdue information not displayed if they repay their debts by March 31, 2026 [1]. - The implementation of the policy is designed to be "automatic and free," eliminating the need for third-party intermediaries [2][3]. Group 2: Benefits for Borrowers - The policy breaks the cycle of "one-time default leading to five years of restrictions," enabling non-malicious small overdue borrowers to rebuild their credit and regain access to consumer loans and other financing opportunities [3][4]. - It reduces the time and operational barriers for borrowers seeking credit repair, allowing them to complete the process without relying on third parties [3][5]. Group 3: Impact on the Illegal Credit Repair Industry - The establishment of a legitimate, free channel for credit repair significantly reduces the motivation for borrowers to seek out illegal services, thereby cutting off the survival basis for the black market [2][3]. - The policy directly addresses the issue of fraudulent practices by illegal intermediaries who exploit individuals' urgency to restore their credit [2][4]. Group 4: Implications for Financial Institutions - The policy is expected to activate a segment of potential customers who have repayment willingness but have been blacklisted due to historical small overdue debts, thus expanding effective credit demand [6][7]. - It clarifies the standards and processes for credit repair, reducing the ambiguity in credit assessments for overdue clients and lowering verification costs for financial institutions [6][7]. Group 5: Long-term Financial Stability - The requirement for full repayment by March 31, 2026, is anticipated to facilitate the recovery of overdue debts, thereby reducing the scale of non-performing assets [7]. - The automatic processing model of "no application required" alleviates operational burdens on financial institutions, allowing them to better identify and support non-malicious overdue customers [7].