In order to engage in economic activities, it is common to take out loans and borrow money here and there. However, it has become difficult to pay off the borrowed money when the market deteriorates, such as a rise in benchmark interest rates or insolvency in Saemaul Geumgo. And as the number of people who could not repay the money increased, debt became more frequent, and eventually they went bankrupt because they could not afford it. However, credit recovery loans were needed to make a living. 신용회복위원회 소액대출
However, among the systems that we can use, there are credit recovery committee microloans, other government policies, and credit recovery loans provided by the financial sector.
I’m sure many of you don’t know which of these is reasonable and good to use. I’ve organized In-Pong to set your standards today, so we’ll take a look together and help you raise the funds you need.
This will take three minutes and three seconds to read.
Loan Small Credit Recovery Commission Product Types during Credit Recovery
It means that you’re recovering credit, either a personal workout or a preworkout is currently in place.
The former couldn’t repay the loan, so it was overdue for more than three months
It was a system used when it was difficult to prove because the income was not constant.
The benefits are reduced in interest and delinquency costs,
If it is amortized bonds, principal reduction of 20-70%, or 0-30%.
It also helped to pay off debt as much as possible by delaying the payment in installments or the period of implementation, and supported the return to society.
The latter is called interest rate debt adjustment,
I was able to apply for a short period of more than 31 days overdue and less than 89 days overdue.
It was a system that reduced interest rates due to delinquency and increased the repayment period.
As mentioned above, the Credit Counseling and Recovery Service’s loan amount is the system that provides loans to those who are faithfully repaying them, but the maximum limit is
1️⃣ Non-face-to-face simple loans
The easiest thing to use as a loan during credit recovery at the Credit Counseling and Recovery Service was a simple system provided for living stabilization funds.
You have been eligible if you have been faithfully repaying your debt for more than six months without paying it, or if you have completed the repayment within the last three years. (Caution was needed because there are reasons for impossibility.)
It can be spent up to 5 million won and was applied through mobile non-face-to-face. You can repay the principal and interest in equal installments within 3 years and the interest rate was 4%.
2️⃣ Small loans for patients with serious injuries
The qualifications for the application were the same as the non-face-to-face, which we looked at earlier. And people who are in individual rehabilitation could apply.
The advantages and disadvantages of this policy vary depending on the adjustment period.
kind
Repayment period (months) / amount
Repayment method/period
living stability
6~82 million won
9-11, 3 million won
12~23~10 million won
24, 15 million won
within five years
Equal division of principal and interest
a high-interest loan
Facilities improvement
business operation
student loan
2% of the student loan was applied, and 4% was applied. It was good to use it for medical care, marriage, rental deposits, education, credit repayment funds of more than 20% borrowed six months before the application date, and management of small businesses.
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Government support, arrangement of application methods subject to credit recovery loan conditions in the financial sector (recovering, recovering, etc.)
Apply for a loan for a person with serious injuries to the Credit Recovery Committee A loan for a person with serious injuries to the credit recovery committee is a representative credit recovery product. Since it is a product supported by the government, the conditions are good. Eligible persons are as follows. Those who have been repaying faithfully for more than six months after receiving debt adjustment from the Credit Recovery Committee or who have been repaying faithfully for more than 12 months after obtaining approval for an individual rehabilitation repayment plan or who has been repaying faithfully for more than 12 months, or who has completed repayment within the last three years. Individual rehabilitation patients who have been separately designated as eligible for support according to the purpose of their contributions are up to 7 million won, and new hope healing loans are up to 5…
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Credit Recovery Loan – Government Support Policy?
1️⃣ Emergency small-scale living expenses
Those with an annual income of less than 35 million won and less than 20% of the lower grades were eligible.
It’s a system that was recently implemented with a small amount of money, but it was well received.
The limit is a total of 1 million won, but if you repay it sincerely for 6 months after receiving the first 500,000 won, 500,000 won will be added.
The interest rate was 15.9% and although it is a basic one-year temporary repayment, we were able to increase it to five years through the extension.
In the first year, it was good to use in a hurry because it was delayed and all I had to do was pay back the interest.
2️⃣ Sunshine Loan 15
under 35 million won a year
With an annual income of 45 million won or less, the lowest 20% of the rating, that is, 700 points of kcb and 749 points of ncb
If you meet either of them and are more than three months old, you have the basic application requirements.
In addition, it could have been implemented if it had been paid back faithfully more than 6 months after the fixed date and 6 times.
The limit was up to 20 million won and the interest rate was high at 15.9%, but if you pay it back faithfully, it was reduced by 1.5% or 3% per year.
The repayment period is 3 or 5 years, and one year of deferment could be applied.
It was a way to secure a large amount faster than receiving a small amount of Credit Recovery Commission loans.
What are the applications for loans during credit recovery in the financial sector?
So far, we’ve learned about credit recovery loans using the national system, but this is not the end.
In addition, there were various policies implemented by local governments, such as dream theory, wealth theory, Nakdonggang theory, Han River theory, re-challenge theory, fence theory, and happiness dream theory.
Also, I could get it from public institutions such as IBK Hope Theory, Hope Ladder Theory, and Happiness Theory.
There are various products implemented in the 2nd and 3rd financial sectors, and it was possible to secure funds by using them.
However, only when I compare the conditions and get the right one for me, the cost was reduced.