Trend Pulse

If you're in personal recovery, there's good news. Thanks to an amendment to the Korea Credit Information Bureau's rules, your information will be deleted early if you make diligent repayments without late payments for one year after the decision to rehabilitate. Previously, the information was shared for up to five years after the end of the rehabilitation, which greatly limited your ability to use loans and cards. Now, after one year of good repayment, credit bureaus will stop sharing your information, which can give you an advantage when applying for new loans, cards, credit limit adjustments, and more. However, some lenders' internal records may still be used to review you, so make sure you're on track with your repayments based on your income and debt. Personal Workout and New Beginnings Funds have also been matched, making it easier to choose a program. Consistent payments are the starting point for fast credit repair. #personalrecovery #creditrecovery #goodpayment #earlydeletion #financialinformation