The Credit Recovery Committee announced a new project for the youth. It is the ‘Youth Credit Rise Support Project’. It is a business that can clear missions and receive incentives. I will post in detail what it is.
Credit rise support project for young people
A business that helps young people who are faithfully using small credit check cards to improve their credit score through credit management education and credit welfare consulting for credit recovery patients who are faithfully using small credit check cards, and provides incentives of up to KRW 400,000 according to the increase in credit score no see.
Who can apply
Young people under the age of 39 who are using a small credit check card or a deferred payment transportation check card (Industrial Bank or Shinhan Bank) issued in conjunction with the Credit Recovery Committee among credit recovery patients can apply.
Application period
April 3, 2023 (Mon) ~ 2 weeks to apply
How to apply
Application is available on the Credit Recovery Committee app.
‘Login’ after running the Credit Recovery Committee application
Click the menu tab at the top right and click ‘Customer Center’
Access the ‘Youth Credit Rise Support Project’ at the bottom and fill out the application form (a completion letter will be sent when the application is completed.)
Clear missions to receive incentives
1st incentive of 100,000 won
If the support project is confirmed after application, 100,000 won will be provided without any conditions. (Application account)
2nd incentive of 300,000 won
Achievement of mission during ‘6 months’ of project participation period
1) Use credit helper or credit consulting more than once (valid only after business is confirmed!)
2) Complete online credit education at Credit Education Center (certificate required!)
(Route) Credit Education Institute website (https://www.educredit.or.kr) → Scroll all the way to the bottom and click the banner
3) 20 points or more increase compared to the credit score at the time of business confirmation and 6 months later (either KCB or NICE is OK)
Checklist before applying for support project
Only those who have faithfully fulfilled the debt restructuring of the Credit Recovery Committee and are using small credit check cards normally can apply.
Credit Welfare Consulting cannot be used in case of non-payment or lapse. If repayment is difficult, you must apply for readjustment counseling.
If you have applied for the ‘Unemployed Youth Credit Rise and Employment Promotion’ project, duplicate application is not allowed.
You need to check in advance to block credit inquiry. (You must not be blocked because credit inquiry is required.)
You must have an account in your name to apply.
The Credit Recovery Committee implements a good project that provides financial support for young people as well as debt restructuring. As long as it is not a small amount, if you are a target who meets the application conditions, you must succeed in the mission, get help with your monthly burden, and even raise your credit score, so I hope you apply a lot.