Hana Card and CCRS Support Credit Card Issuance for Diligent Debt Adjusters

Small-Limit Credit Card Issuance Program
Part of Hana Financial Group's ESG Initiatives

Hana Card announced on April 29 that it has been operating a small-limit credit card issuance program for diligent debt adjusters in cooperation with the Credit Counseling and Recovery Service (CCRS) since April 2.

The program targets individuals who have been faithfully repaying their restructured debts for at least 12 months after their debt adjustment plans were finalized by the CCRS. The monthly credit card limit is set at 1 million won.

To enhance the creditworthiness of applicants, the CCRS provides a guarantee to Hana Card using 13 billion won in donations from Hana Bank as the funding source. Hana Card supports the issuance of small-limit credit cards backed by this guarantee from the CCRS. This initiative is part of Hana Financial Group's environmental, social, and governance (ESG) activities.

Through the collaboration between Hana Card and the CCRS, requirements for card issuance have been relaxed and credit limits expanded, thereby improving convenience for users who are diligently fulfilling their debt adjustment plans.

To check eligibility for card issuance, applicants must access the application link sent via text message or scan the Hana Card application QR code on the CCRS website, confirm their diligent repayment status, and then undergo Hana Card's internal review process.

Hana Card CEO Sung Youngsoo stated, "We expect this program will help customers who are faithfully carrying out their debt adjustment plans to use credit cards and enhance their convenience," adding, "Hana Card will continue to work towards promoting inclusive finance for the socially disadvantaged."

Lee Jaeyeon, Chairman of the CCRS, said, "Hana Card's support for small-limit credit card issuance will increase the repayment motivation and provide an incentive for credit improvement among diligent debt adjusters," and added, "Even after card issuance, we will provide credit education and consulting to help recipients quickly return to being healthy financial consumers."

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