햇살론 카드However, since a credit card literally uses ‘credit’ to purchase goods on credit, you cannot even get one if your credit score is low. Is there a credit card that self-employed people with small sales or housewives with low credit scores due to few financial transactions can use?
In this case, try using the ‘Sunshine Loan Card’, a policy product for people with low credit.
The Sunshine Loan Card is a product launched to expand the financial options of people with low credit who are excluded from benefits such as installments and point accumulation due to difficulties in issuing credit cards.
Since it is operated with funds from contributions paid by credit card companies and lottery funds, eligibility to apply is limited to those with low credit.
Based on credit score, only those in the bottom 20% or less can apply, and the income that can be freely consumed and saved must be more than 6 million won.
When converting these income standards into credit scores, those with a score of 700 or lower based on KCB and 744 points or lower based on NICE are eligible for Sunshine Loan Card issuance.
Not everyone who qualifies for a credit score can receive a Sunshine Loan card.
In order to be issued a Sunshine Loan card, you must receive required training at the Financial Education Portal of the Korea Inclusive Finance Agency. Considering people with low credit who are unfamiliar with using credit cards, the required training focuses on how to manage one’s credit score, including credit scores, and financial common sense that can be easily accessed in everyday life.
If you complete this required training, you will be eligible to apply for a Sunshine Loan card. You can sign up through seven credit card companies that have signed agreements with the government (Lotte, Woori, Hyundai, Kookmin, Samsung, Shinhan, and Hana Card).
The maximum limit for issued Sunshine Loan cards is 2 million won, and different limits are given to each individual, taking into account the applicant’s repayment index and credit score.
However, unlike regular credit cards, the Sunshine Loan card does not allow card loans such as cash advances (short-term card loans) and card loans (long-term card loans), deferment of payments, and installment payments. In addition, because the Sunshine Loan Card is a policy product designed to expand the financial options of those with low credit, it cannot be used in the entertainment industry, gambling industry, golf courses, etc.
If you are unable to repay the amount paid using your Sunshine Loan card, delinquent information will be registered in the same way as a regular credit card. The Korea Inclusive Finance Agency will first repay the unpaid usage fees to the credit card company and then exercise the right to indemnify the Sunshine Loan card user.
