After the People's Bank of China issued arrangements for the one-time credit repair policy, several banks have responded quickly and actively carried out work related to the guarantee of one-time credit repair services. According to relevant arrangements, for personal overdue information with a single amount not exceeding RMB 10000 between January 1, 2020 and December 31, 2025, if the individual fully repays the overdue debt before March 31, 2026 (inclusive), the financial credit information basic database will not display it. Zhao Guide, Vice President of Industrial and Commercial Bank of China, recently introduced at a press conference that the bank has made relevant preparations. One is to conduct a comprehensive "physical examination" of the credit report inquiry function of the entire bank's online banking, mobile banking, and intelligent devices at branches, to ensure that the inquiry function is normal and can respond promptly to customers' needs to inquire about their own credit reports. The second is to strengthen the management of the bank's credit data reporting, providing timely, accurate, and complete customer repayment information to the credit system, ensuring that eligible customers can enjoy policy benefits. The third is to pay attention to customer risk performance after policy implementation, continuously monitor the effectiveness of credit rating models and related indicators, timely and dynamically improve risk control models, and optimize risk control strategies. The fourth is to promote and clarify customer policies, enhance customer awareness of fraud prevention, stay away from illegal agency of black and grey products, and protect their own information and property security. Major banks such as China Construction Bank and Agricultural Bank of China have also released relevant Q&A announcements. Multiple announcements also specifically mentioned that the one-time credit repair policy is completely free and can be enjoyed without application. Individuals do not need to apply for the operation, let alone entrust a third party to handle it. For banks, this policy arrangement will help optimize their credit decisions, more accurately identify individual credit status, and provide better financial services to customers. Liu Xinhai, Vice President of the Beijing Credit Association, stated that commercial banks should synchronously iterate their models, that is, while retaining historical risk data, reduce their weight in current approval decisions, in order to substantially respond to the call for "credit reporting for the people and support for credit reshaping". He believes that in the future, banks may no longer rely solely on the hard indicator of "no overdue payments in the past 5 years", but will introduce alternative data such as current salary statements, social security contributions, and daily payment behavior to re evaluate customers' current repayment ability. (New Society)