Recently, more and more financial companies are looking at telecom ratings instead of credit ratings. If you are a person with a higher communication rating than your existing credit rating, you can use financial products on better terms.
However, many people are still unfamiliar with the concept of communication grade, and even though I do not know exactly what grade my credit rating is, I do not even know what grade the communication grade is.
So, let’s find out what the communication grade is and how to check the communication grade, SKT, KT, and LG U+, respectively. In addition, I would like to introduce two representative financial products using communication grades. 통신등급 조회
What is a communication class?
Telecommunication rating is a rating evaluated by telecommunication companies based on their own telecommunication service information. Usually, it is similar to giving credit ratings of NICE or KCB in financial institutions.
Only SKT, LG U+, and KT’s communication ratings of the three telecommunication companies are recognized by financial companies, and the communication ratings are not calculated for other budget phone operators. 이베이스매뉴얼
The reason telecommunication ratings have received a lot of attention is because more and more financial companies are looking at telecommunication ratings instead of the existing KCB or NICE credit ratings.
Even if I am a low-credit person with a low credit score, there are several financial products that can be borrowed with good conditions at a low interest rate if the telecommunication rating is high.
It is unfortunate for budget phone users, but since there is no communication rating, you will not be able to use products that use the communication rating.
Communication level inquiry method: KT
KT provides a service that allows you to check your credit rating on its own financial benefit guide site. You can check it at the site below. : Go to financial information site
When you enter the site and click the “Check my communication credit rating” button, you can log in with your KT ID or verify your mobile phone identity.
After logging in or verifying your identity, your credit rating will appear. We provide a service that connects financial products that can be used in my communication level.
Communication level inquiry method: SKT
You can check SKT communication ratings after installing Fintech, a Fintech app. For Android users, download the “Pink” app from the Play Store, and iPhone users from the Apple App Store.
After registering as a member, you must verify your phone number. After the subscription is completed, you can check your SKT communication rating directly from Credit > T-Score inquiry at the bottom of More.
If you have been using SKT for a long time and have used it without arrears, there is a high possibility that the communication rating is quite high, and at the same time, it shows loan products using Finck’s communication rating.
Communication level inquiry method: LG U+
Unfortunately, in LG U+, the communication level cannot be viewed directly. In general, your membership level and communication level are proportional, so you can infer your communication level to some extent based on this.
Only when you use a financial company can you accurately know your communication level.
If you proceed with a loan, the financial company will inform you of the communication rating of LG U+, and you will be able to receive various preferential interest rates with that condition.
How to raise communication level
There are usually two ways to raise the communication level. If the subscription period is long and there is no overdue or non-payment, the communication credit rating will go up. In general, even if there is no delinquency, after a few years of use, you can get a high communication rating of 2-3 grades.
A long overdue or non-payment period can also adversely affect your credit score. It is necessary to be careful not to delay or unpaid cell phone bills on a regular basis.
2 loan recommendations that only look at telecom ratings
■ NH Nonghyup All One Emergency Loan
This product is available to customers using three telecommunication companies. It can be used by customers who are 19 years of age or older and have a Nonghyup account, and the maximum limit is 3 million won for emergency loans. We do not look at income and tenure conditions, and interest rates are as low as 2.87%.
It is a product with a preferential interest rate benefit when the communication grade is high, and a preferential interest rate benefit even when using the Nonghyup credit card. You can apply using the Nonghyup Smart Banking application.
■ Woori Bank Emergency Loan
Anyone who uses the three telecommunication companies can use it regardless of their income. Credit ratings must be within the CB1 to 6-sector. The interest rate is as low as 3.67% and the limit is also as high as 3 million won.
If the communication grade is high, the preferential interest rate benefit is the same, and it can be used at a low interest rate. It can be used as a negative passbook method, so you can easily deposit and withdraw money at any time. You can apply through the Woori Bank app, the Wibi Bank app.
Toss Credit Score Rating
How to view and upload
Hello, I’m Hye-chan 🙂
This year, the credit rating system changed to a credit score system, did you know? And these days, you can easily check your credit score through the app.
Today, I will tell you how anyone can check their credit score in 3 seconds through the Toss app, and how to improve the credit score system and raise your score.
Toss credit score inquiry screen
First, install the Toss app as shown on the screen.
When Toss first came out, it only had a remittance function, but these days, you can not only check your credit score (credit rating) but also borrow and invest. As more and more people use it and the app is updated accordingly, it seems to have diversified its functions.
How to check Toss credit score
If you have already signed up, the credit rating check tab will appear right from the home page. Click [View credit score rating in 3 seconds].
If you are not yet a Toss member, please sign up first. Then, if you follow the steps below, you can check your credit score 🙂 At the bottom, the bank accounts that I linked at the beginning of the subscription are listed.
Toss credit score inquiry
Check [I agree] and click the OK button.
In order to check your credit score on the Toss app, you must agree to the ‘Personal Information Import and Use Agreement’ and the ‘Personal Credit Information Provision Agreement’. Of course, you will need to provide your card details or personal information to check your score 🙂
Toss credit score inquiry
Then, as soon as you agree, you will be viewed immediately.
You can check your score and how many percent you are in the top.
It’s really easy to check in 3 seconds, right?
What is different about the credit scoring system?
In the existing credit rating system, both the credit rating and credit score were displayed (NICE rating information) or the credit score and rating (KCB) could be checked together. However, after the reorganization of the credit score system from this year, the rating display has disappeared altogether. It is now possible to check your credit score, your ranking and top percent.
In this way, the score could be checked before, but the grade was not given, and the loan standard was slightly relaxed as a result.
Those who were in the 7th grade (662 points) in the existing rating system were unable to borrow anywhere because each bank’s loanable standard was limited to grade 6 or higher. However, after the change to the credit score system, each bank set the loan standard based on the score, so that even a person with the same score of 662 can get a loan.
classification
before conversion
after conversion
Credit card issuance standards
Grade 6 or higher
(NICE) 680 points or more
(KCB) 576 points or more
*Personal credit score top 93% or long-term delinquency probability 0.65% or less
low-income financial products
(Sunshine Law, etc.)
Support target
Grade 6 or less
(NICE) 744 points or less
(KCB) 700 points or less
*Personal credit score bottom 20%
Medium interest rate loan
credit limit
preferential treatment
Grade 4 or lower
(NICE) 859 points or less
(KCB) 820 points or less
*Lower 50% of personal credit score
binding business conduct
applicable standards
7th grade or lower
(NICE) 724 points or less
(KCB) 655 points or less
*Personal credit score bottom 10%
Other criteria for credit card issuance, targets for financial products (such as Sunshine Loan) support for low-income earners, preferential criteria for credit extension for medium-interest loans, and standards for restrictive business activities have also been changed from a knife-like rating system to a point system, and the scope has been broadened.
Credit Management Tips to Raise Your Credit Score
1. Use installments according to your ability
If the credit card debt level is reasonable, the impact of using lump sum and installment payments is not much different. However, if you continue to use installment payments, your credit score may be negatively affected in the future as the credit card debt to be paid remains for a long time compared to a lump sum payment. It is recommended to use a lump-sum payment rather than installment payments. Users with high credit scores usually use less than 20% of their card limit. That’s why we recommend building a steady transaction history with less than 50% of your card limit.
2. It is recommended to use a debit card at one of your main banks.
Banks provide a variety of benefits such as preferential interest rates and reduced fees for financial transactions, depending on the customer’s transaction performance. Main bank transactions include check card issuance, salary transfer, financial product subscription, credit card usage records, and automatic transfer of various utility bills and telecommunication charges.
3. It is good to use one or two credit cards continuously without overdue.
In order to get a good credit score, it is important to create a sound financial transaction history by using a credit card consistently according to one’s repayment ability. It is recommended to use one or two cards as a lump sum rather than installments.