Home
News
Details

PBOC Announces One-time Credit Repair Policy for Small Overdue Debts

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
Citing TechFlow, on December 22, the People's Bank of China (PBOC) announced a one-time credit repair policy under broader regulatory policy adjustments. The notice covers overdue personal debts up to 10,000 RMB from 2020 to 2025. Those who settle the debt by March 31, 2026, will see the record removed from credit reports. The move aligns with efforts in Countering the Financing of Terrorism and tightening financial oversight.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.