Xin Lang Cai Jing·2026-01-07 11:08Core Viewpoint - The case of a Guangdong citizen, Mr. Qin, highlights issues with the credit reporting of Everbright Bank's "Lehui Gold" quasi-credit card, where normal repayment was misclassified as overdue, leading to significant financial repercussions for users [1][12]. Group 1: Issues with Credit Reporting - Mr. Qin's credit report indicated overdue status despite normal repayment, causing loan rejections from other financial institutions [1][4]. - The quasi-credit card's repayment records were marked as "1" and "2," which were misinterpreted by banks as overdue statuses, affecting users' creditworthiness [4][11]. - A significant number of users reported similar issues, indicating a widespread problem with the quasi-credit card's credit reporting [6][18]. Group 2: Bank's Response and Clarifications - Everbright Bank stated that it does not report overdue statuses for "Lehui Gold" cardholders to the People's Bank of China, and the "1" and "2" markings are normal overdraft indicators [2][13]. - The bank acknowledged the possibility of errors in third-party platforms displaying incorrect debt amounts, such as the reported 1 trillion yuan [3][14]. - The bank's customer service emphasized that users should verify their credit reports directly with the bank if they have concerns about the "1" and "2" markings [2][13]. Group 3: Regulatory and Industry Context - The People's Bank of China issued guidance clarifying that the "1" and "2" markings on quasi-credit cards represent overdraft periods and should not be confused with overdue statuses [5][17]. - Industry experts noted that the quasi-credit card's lack of an interest-free period and its classification as a transitional product may lead to misunderstandings in credit assessments [11][23]. - The quasi-credit card market is gradually phasing out as it does not align with the evolving credit card landscape in China [20][23].