It hopes to get citizens to monitor the so-called debtors and report them to authorities if they behave as if they could repay their loans.
It notifies you if you are within 500 meters of someone in debt so that you can notify authorities if their behavior appears to show that they could be paying off their debt instead of having a good time!
What we have to look forward to in the United States if we’re not careful.
Source: China app shows map of people in debt for social credit system: report – Business Insider