Segeumwon's 4-Month Credit and Debt Management Consulting... 52% of Users Improved Their Credit Scores

[Asia Economy Reporter Song Seung-seop] The Korea Inclusive Finance Agency announced on the 4th that 52% of participants saw their credit scores improve within four months of receiving credit and debt management consulting.

According to the agency, among 3,382 individuals who had used policy-based inclusive finance products for over a year, monthly credit and debt management resulted in 52% of them benefiting from an average credit score increase of 42.8 points. The number of people in the mid-credit or higher range (693?1000 points), who can access institutional financial services such as banks, also increased by 42.2% to 509 individuals.

The credit and debt management consulting policy was launched by the agency in September to assist users of policy-based inclusive finance products who find it difficult to manage their credit and debt due to their livelihoods. Upon applying for the consulting, experts with over 15 years of experience in the relevant field provide one-on-one monthly credit management. This includes registering non-financial information and encouraging restraint from small delinquencies to help improve the scores of low-credit individuals.

Lee Gye-moon, President of the Korea Inclusive Finance Agency, stated, “We will expand the scope of services, including providing credit and debt management consulting before using financial products, to support individuals in self-assessing their credit and debt status.”

This content was produced with the assistance of AI translation services.