신용사면 대상자 확인 및 조회방법 How to check and inquire about credit pardon recipients

Today, we will learn how to check and inquire who is eligible for credit pardon. Recently, the financial industry is reaching a new turning point in credit amnesty by signing a ‘joint agreement with the financial sector to support credit recovery for low-income people and small business owners.’

신용사면 대상자 확인

신용사면 대상자 확인

Through this agreement, many delinquent borrowers will benefit from delinquency records being deleted. So, let’s take a look at the effects of credit amnesty and the criteria for eligibility, and learn more about what changes these measures will bring to individuals and the financial market.

credit pardon

Credit amnesty is a system that allows individuals to resume normal financial activities by removing delinquent financial records.

How to check and apply for credit pardon

Check eligibility for credit pardon

Information on how to confirm credit pardon eligibility can be found on the personal credit rating agency website. KCB All Credit and NICE Jikimi sites are the most popular, so you can search on these two sites.

Check credit rating agenciesGo to KCB All CreditGo to NICE Jikimi

Conditions for credit pardon

Those who are delinquent
Delinquent from September 21 to January 24
Registration of debt information for debts under 20 million won

Credit amnesty conditions
Full repayment by May 31, 2025

How to apply for credit pardon

You can check whether you are eligible for credit forgiveness through a verification system established by CB companies, etc.

If you have repaid the full amount but are not eligible for credit recovery support, you can request correction through your financial company. For more information, please contact the Credit Recovery Committee.

Expected effects of credit forgiveness

Increased credit score

Delinquent borrowers can expect their credit score to increase by an average of 39 points.

Improved access to card issuance and loans

Delinquent borrowers may be able to receive credit cards by meeting the minimum credit score standards, and additionally, they will have the opportunity to receive new loans by exceeding the average credit score of new borrowers in the bank.

Negative impact of late payment history

Depending on the amount and duration of the delinquency, this record can remain for up to five years and will have a negative impact on your credit score.

stigma effect

A history of delinquent payments can cause your credit score to drop, making it difficult to get a loan or card.

finish

Today, we learned about how to check, inquire, and apply for credit pardon. We hope that those who meet the conditions will apply and receive the benefits.

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