Since March 12th, we have started providing credit forgiveness to ordinary people and small business owners who have a history of delinquent payments. If you have a small amount of arrears due to COVID-19 and high interest rates, a pardon is possible. Let’s learn how to check who is eligible for credit pardon.
What is credit amnesty?
Credit amnesty is a policy for ordinary people and small business owners who have incurred delinquency due to the coronavirus and high interest rates. If you receive a credit amnesty, your delinquency history information will be deleted. Additionally, your credit score will increase, making it possible to issue credit cards and loans, so if you are eligible, you should definitely check it out.
Those eligible for credit amnesty
Those eligible for credit amnesty are those who incurred small delinquencies of less than 20 million won from September 1, 2021 to January 31, 2024.
Credit amnesty conditions
The condition for receiving a credit pardon is that if you repay a small delinquent amount of less than 20 million won by May 31, 2024, the delinquent history information will be deleted and you can receive a credit pardon.
Arrears include all loan, credit card, and communication charges.
How to check credit pardon eligibility
You can check if you are eligible for credit pardon at Nice Keeper or Toss.
How to check credit pardon eligibility 2
How to check credit pardon eligibility 3 You can easily sign up for Nice Keeper and check immediately.
Click here to check credit pardon eligibility
You can also easily check it in Toss.
Toss to confirm eligibility for credit pardon
Toss to confirm eligibility for credit pardon
Toss to confirm eligibility for credit pardon
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When your credit is pardoned, your average score can increase by about 39 points, up to a maximum of 544 points. You may also be able to get a loan with better conditions and get a new credit card, so make sure to check if you are eligible.