SGI Seoul Guarantee, Support for Card Issuance to Credit Recovery Diligent Repayers
[Asia Economy Reporter Oh Hyung-gil] SGI Seoul Guarantee Insurance announced on the 30th that it has signed a business agreement with the Credit Card Social Contribution Foundation, the Credit Recovery Committee, and IBK Industrial Bank of Korea to issue credit cards to faithful credit recovery payers.
Seoul Guarantee provides guarantees to IBK Industrial Bank of Korea so that debt adjustment faithful payers can be issued check cards. The target is debtors who have received debt adjustment from the Credit Recovery Committee and have been repaying for more than six months, and depending on the repayment period, a postpaid transportation card or a small credit limit function is granted.
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Yoo Kwang-yeol, CEO of Seoul Guarantee, said, "We have taken the lead in guarantee support for credit recovery debtors," and added, "We will continue to do our best as a hopeful partner for the financially marginalized to achieve economic re-leap."
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