I would like to start today’s post on the topic of banks that can open a bank account for people with bad credit. Even if we do not want to, we suffer a lot of social disadvantages because we cannot repay the principal due to civil lawsuits or because the economy has become very difficult due to COVID-19.
If you have bad credit, you will be subject to confiscation of tangible personal property or many kinds of restrictions, and you will be at a disadvantage. The most difficult thing for people with bad credit is that they cannot open a bank account to receive wage and salary income even if they work.
If a person with bad credit fails to pay telecommunication charges or performs financial activities, etc., they fail to pay and the delinquency accumulates, resulting in long-term delinquency.
However, we have brought the news that even people with bad credit can open a bank account, and we want to provide information about where you can open a bank account and where you can make any financial transactions by checking your credit rating.
Opening a bank account for bad credit
The credit rating consists of grades 1 to 10. If you fall below a rating of 10, we say you have bad credit.
Grade 1 900-1000 points
Grade 2 870-899 points
Grade 3 840 to 869 points
4th grade 805~839 points
Grade 5 750~804 points
Grade 6 665~749 points
Grade 7 600~664 points
Grade 8 515 to 599 points
9th grade 445~514 points
10 grades 299-444 points
Bad credit often occurs when your credit score drops below 300. It is not easy to become a person with bad credit, but if the amount of more than 500,000 won is overdue for more than 3 months, the registration process is proceeded, and in other words, it is expressed as a long-term delinquent.
Even if you pay the overdue amount, you cannot use the bank for up to 5 years or more, and the record disappears after 5 years, which is really painful.
There are many misunderstandings, but not all bankbook openings are restricted just because you have bad credit. However, the common banks that we think of, such as Nonghyup, Shinhan Bank, and Woori Bank, cannot of course be made.
If you are working and you can provide proof of employment for earned income, you can create a bank account. However, if you continue to be seized after receiving a civil lawsuit, you are easily seized even if you make it, so there is a lot of inconvenience.
There are really many places where there are basically restrictions in case of bad debt or long-term delinquency. So, I think it’s important to pay as much as possible.
A simple lookup of your credit rating will give you information on where and where you can open an account. There are many people who ask about the statute of limitations for bad credit, and I will answer the latest information.
Prescription for bad credit
The statute of limitations means that the right is lost due to non-existence for a certain period of time. General bonds are 10 years or longer, but commercial bonds are 3 years, 5 years, and the shortest period is 1 year. However, it does not mean that you do not have to repay just because the statute of limitations has expired. If you receive a final judgment during the period of 5 years, it will be extended to 10 years from then on, and it will be extended again after 10 years. .
When the statute of limitations has been partially completed, the statute of limitations will reappear if the collection agency promises to reduce the debt once a certain amount is paid. For this reason, it is very important to check whether the statute of limitations has been completed or not.
How to raise your credit rating for free
There are many reasons why individuals can get a free credit rating inquiry and how to improve their credit rating. Today, I am going to provide you with information on how to check your credit rating for free and how to raise your credit rating step by step.
Accounts for bad credit can be opened at various banks, but can be opened at secondary financial institutions such as Saemaul Geumgo, credit unions, and savings banks. We will take a look at the places where you can open an account a little later.
Most people, like Saemaul Geumgo and Savings Bank, are cooperatives rather than general banks, so they are not directly managed stores, but have one operator per branch. For this reason, it can be said that the opening may be possible because the operation is carried out at the discretion of the branch manager rather than by the head office. 신용불량자 통장개설
In such a cooperative bank, there is a cost per case when foreclosure is carried out, so debt collectors cannot easily execute it and the cost is high. 좋은뉴스
Also, there are cases where a bankbook is opened near the house or work place. In this case, the debt collector directly visits a financial institution and proceeds with an application for confiscation of the bankbook or payment suspension. We do not recommend that you visit and open an account as close to your residence as possible.
Then, let’s find out in detail where possible places where people with bad credit can open a bank account.
Banks that can open bankbooks for bad credit
Banks in which a person with bad credit can open a bank account can be opened at a bank with the concept of a cooperative consisting of savings banks. And there are several documents required when opening a bank account.
The documents required for opening a corporate account are as follows.
Matters of cancellation of corporate registration
Representative resident number
Lim Gang-jang, a corporation
financial statement documents
Existing OTP
Agent ID
Business ID
Power of Attorney for Corporate Representative
These days, even if there are banks that can open a bank account for those with bad credit, the standards have been greatly strengthened, so you should look for them close to where you live. Because there are many cases of abuse, many documents are required.
Banks that can open bankbooks for bad credit
Seoul area
Blue Bank, Hana Bank, Kiwoom Yes Bank, Eugene Bank, Yuanta Bank, Welcome Bank, Yegaram Bank, Acuon Bank, Sky Bank, Live Bank, Minkook Bank, The K Bank, Daishin Bank, SBI, OSB, OK, NH, KB, JT Dear, DB
match ticket
Hanwha Bank, Korea Investment Bank, Pyeongtaek, Pepper Bank, Kiwoom Bank, Incheon Bank, Inseong Bank, Yongchang Bank, Youngjin Bank, Anyang Bank, Seram Bank, Sangsangin Bank, Samjong Bank, Burim Bank, Moa Bank, Namyang Bank, Geumhwa Bank
Gyeongsangnam-do
Union Bank, Cham Bank, Ohsung Bank, MS, Must Samil, Raon, Dream, Daewon, Daea Bank, CK Bank, BNK, DH, Korea Bank, Kukje Bank, Dongwon First Bank, Soulbrain, SNT, Woori Bank, Choheung Bank, Jinju Bank, Heungkuk Bank
Daejeon, Chungcheong Province
Daemyung Bank, Sangsang Inplus, Asan Bank, Aju Bank, O2 Bank, Cheongju Bank, Hansung Bank
Daegu/Gangwon-do/Gyeongsangbuk-do
CK Bank, Daebaek Bank, Daea Bank, Daewon Bank, Dream Bank, Must Samil Bank, MS, Ohsung Bank, Union
Banks are really diverse, but there are a lot of things that are really limited when it comes to being branded as bad credit. It doesn’t end because you will be asked for a considerable period of time and it will continue to be extended where you do not know about the extension of the statute of limitations.
If you have arrears, it is best to pay it as soon as possible. The economy is getting very difficult as the COVID-19 continues for a long time.