China to Clear Small Overdue Personal Debts From Credit Records
Listen to the full version
China’s central bank said Monday it will remove records of small overdue personal debts from its financial credit information database if borrowers fully repay the amounts by the end of March 2026, offering one-off credit relief to individuals affected by pandemic-era financial disruptions.
The measure is part of the People’s Bank of China’s (PBOC) newly introduced “one-off credit repair” policy. Under the scheme, individual overdue debts of up to 10,000 yuan ($1,420) incurred between Jan. 1, 2020, and Dec. 31, 2025, will no longer be displayed on credit reports once they are fully repaid within the specified timeframe.
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.
- DIGEST HUB
Digest Hub
Back
- China's central bank will remove records of small overdue personal debts (up to 10,000 yuan) from credit reports if repaid by March 2026.
- The policy covers debts incurred between Jan 1, 2020, and Dec 31, 2025, and removal is automatic after full repayment.
- This one-off credit repair policy aims to support individuals affected by pandemic-era financial disruptions.
- consumer finance companies
- The article mentions consumer finance companies as institutions connected to China's central bank credit reporting system. This means they will be impacted by the People's Bank of China's new "one-off credit repair" policy which offers relief for small overdue personal debts incurred during a specific period.
- Jan. 1, 2020 - Dec. 31, 2025：
- The window in which eligible individual overdue debts must have been incurred to be considered for the one-off credit repair policy.
- Late October 2025：
- PBOC Governor Pan Gongsheng indicated that the central bank was studying measures to help individuals affected by pandemic-era defaults, foreshadowing the new credit repair policy.
- MOST POPULAR
Sign in with Google
Sign in with Facebook
Sign in with 财新