Core Viewpoint - The article highlights the emergence of credit repair intermediaries exploiting borrowers' anxiety over overdue payments, particularly for amounts exceeding 10,000 RMB, despite the official credit repair policy introduced by the central bank aimed at small overdue amounts [1][9]. Group 1: Credit Repair Policy - The central bank has established a credit repair policy effective from January 1, 2026, allowing individuals to have overdue records under 10,000 RMB removed from credit reports if paid off by March 31, 2026 [9][10]. - The policy is designed to support honest borrowers while maintaining credit constraints on those with larger overdue amounts [11]. Group 2: Intermediary Services - Numerous intermediaries are offering credit repair services, charging between 2,000 to 3,000 RMB per case, but success rates are not guaranteed [3][4]. - Some intermediaries sell guides and materials for credit dispute processes, often promoting dubious methods for quick fixes [3][4]. Group 3: Risks of Using Intermediaries - Engaging with intermediaries for credit repair poses significant risks, including financial loss and potential legal issues, as many of these services may involve fraudulent practices [5][7]. - Borrowers may be misled into providing sensitive personal information, which could be misused, and may also face legal consequences for participating in illegal activities [6][7]. Group 4: Legal and Compliance - The only legitimate way for borrowers to dispute credit records is through formal channels with financial institutions or the central bank, contrasting sharply with the illegal methods promoted by intermediaries [11][12]. - The legal process for disputing credit records involves submitting a formal application, which is distinct from the fraudulent claims made by intermediaries [11][12].

Core Viewpoint - The People's Bank of China has implemented a one-time credit repair policy that allows individuals with overdue loan records of up to 10,000 yuan to have these records removed if they repay by March 31, 2026, in an effort to support those affected by the COVID-19 pandemic and to aid economic recovery [1][4]. Group 1: Policy Implementation - The policy was announced on December 22, 2025, and aims to assist individuals with damaged credit who have actively repaid their debts [1][4]. - Individuals who repay overdue debts by November 30, 2025, will have their overdue information not displayed from January 1, 2026, while those who repay between December 1, 2025, and March 31, 2026, will have their information removed by the end of the following month [4]. Group 2: Impact on Individuals - Many individuals have reported that their overdue records have been cleared, with some experiencing a complete removal of all overdue entries from their credit reports [2][3]. - For example, an individual who had 47 months of overdue records found that all were cleared, while another saw a reduction from 9 overdue records to 2 [2][3]. - The policy applies uniformly across different loan types and institutions, ensuring fairness and simplicity in the credit repair process [4].