Core Viewpoint - The People's Bank of China has officially issued a notice regarding a one-time credit repair policy, which allows eligible individuals' overdue information to be excluded from the financial credit information database [1] Group 1: Implementation of the Policy - Several state-owned and small to medium-sized banks have quickly responded to the notice, providing answers to customer inquiries about the one-time credit repair policy [1][3] - The notice emphasizes the need for coordination among institutions, with the credit reporting center required to implement detailed measures and system adjustments [2] Group 2: Conditions and Process - The one-time credit repair policy applies to individuals with overdue information in the credit database, specifically for overdue records generated between January 1, 2020, and December 31, 2025, with a single overdue amount not exceeding 10,000 yuan [4] - Individuals must fully repay their overdue debts by March 31, 2026, to benefit from the policy, which will automatically exclude relevant overdue information from display starting January 1, 2026 [3][4] Group 3: Consumer Awareness and Fraud Prevention - Banks are warning consumers about potential scams related to "credit repair," emphasizing that the policy is completely free and does not require third-party intervention [4][5] - Consumers are advised to directly consult their banks for information regarding the policy, as there are no fees or applications required to benefit from the credit repair [5]