How to receive 400,000 won in encouragement for the Youth Credit Rise Support Project (Credit Recovery Committee)
The Credit Recovery Committee is a special corporation under the Financial Life Support Act of the Common People. It was established as a non-profit corporation in November 2003 with permission from the Financial Supervisory Commission, and then became a special corporation as it is today in 2016. It is in charge of resolving debts through various methods or providing emergency financial support to the financially underprivileged who cannot use institutional financial institutions due to low credit ratings. It is becoming a hot topic because it supports up to 400,000 won. So, in this post, I will explain how to receive 400,000 won in encouragement from the youth credit rise support project.
Credit rise support project for young people
In the case of the personal debt restructuring system in charge of the Credit Recovery Committee, there are three types of debt restructuring, personal workout, and pre-workout. It is true that it is a very useful system, but there are also disadvantages. This can be a disadvantage in that the overdue period must be long to apply for personal workouts because the principal reduction is made for debts overdue for more than one year. However, in the case of quick debt restructuring and pre-workout, it is a very useful system. This time, the Credit Recovery Committee is providing incentives to young people whose credit has increased through the Youth Credit Rise Support Project. And the youth credit rise support project referred to here is a support project designed to provide opportunities for credit rise to young people who use the Credit Recovery Commission’s debt restructuring, and to develop their ability to manage their own credit through credit welfare consulting and credit education. With the donation of 170 million won from the Shinka Foundation as financial resources, credit welfare consulting (credit helper, credit consulting) provided by the trusteeship committee and completion of online credit education at the Credit Education Center are provided, and credit increase incentives of up to 400,000 won are provided when the credit score rises. This is a business that can be earned.
Grand Prize for Youth Credit Rise Support Project
Targets for participation in the Youth Credit Rise Support Project are young people under the age of 39 who have been issued a small credit (check) card and are using it normally. If your credit score rises by 20 points or more after 6 months, you can receive additional support of 300,000 won. Also, for reference, the personal debt reconciliation system, which is in charge of the Credit Recovery Committee, extends the repayment period or makes it possible to repay in installments for those who have too many debts to repay their debts in normal ways, or interest rates. It is a system that supports economic recovery by changing repayment terms through various methods such as adjustment, repayment deferment, debt reduction, etc. .
In addition, expedited debt restructuring is operated for the purpose of preventing long-term delinquency through prompt debt restructuring support for debtors who are in normal performance or are in arrears for a short term of less than 1 month. It is made for the purpose of preventing prolongation of delinquency through preemptive debt restructuring for debtors, and is also called interest rate debt restructuring. And in the case of personal workouts due to default, it is a debt restructuring program for long-term overdue debtors of more than 3 months, and is a system to support credit recovery and economic recovery.
How to apply for Youth Credit Increase Support Project
Those who wish to participate in the Youth Credit Rising Support Project can first download and run the Credit Recovery Committee application to apply, and use the Credit Welfare Consulting, Credit Helper, and Credit Consulting provided by the Credit Recovery Committee and complete online credit training at the Credit Education Center to improve your credit score. If it rises, you can receive up to 400,000 won as a credit increase incentive. However, there are many situations in which young people will have to use institutional financial companies in the future rather than credit increase incentives. I see.
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