Core Viewpoint - The People's Bank of China has implemented a one-time credit repair policy that allows eligible individuals to have overdue information not displayed in the financial credit information database, leading to potential scams by fraudsters posing as financial institutions offering credit repair services [1][7]. Group 1: Policy Overview - The new credit repair policy is automatic, meaning individuals do not need to apply; the central bank's credit system will identify and adjust eligible overdue information automatically [2][8]. - The policy applies to all institutions connected to the central bank's credit system, covering overdue information from personal loans on lending platforms if the lender is connected to the system [2][8]. - Specific conditions for overdue information to qualify for repair include: 1) the overdue occurred between January 1, 2020, and December 31, 2025; 2) the overdue amount does not exceed 10,000 RMB; 3) the overdue debt must be fully repaid by March 31, 2026 [2][8]. Group 2: Fraud Risks - Fraudsters have exploited the new policy, creating scams that mislead individuals unfamiliar with the rules, claiming to offer credit repair services for a fee [2][8]. - Three main types of scams related to credit repair have been identified: 1) falsely claiming to apply for credit repair for a fee; 2) fabricating internal documents to suggest additional conditions for the policy; 3) inducing consumers to engage in "debt rollover" schemes, leading to higher debt costs [2][8]. Group 3: Company Initiatives - The company has been actively collaborating with regulatory bodies and law enforcement to combat financial fraud related to credit repair and other gray market activities [5][11]. - Utilizing technological advantages in AI and smart models, the company has established a mechanism for sharing leads and conducting joint investigations with police, resulting in the resolution of nearly 100 cases and the dismantling of 25 organized crime groups over the past two years [5][11]. - The company emphasizes the importance of protecting personal information and advises users to avoid engaging with suspicious communications regarding credit repair [5][11].