Financial populace Agency, more than 15 years of long-term debt up to 90% reduction yeoncheja

Magnified [Korea financial newspapers around the lower cervical News] people Finance Agency debt reduction ratio of more than 15 years yeoncheja term of up to 90%.

People that finance Foundation supports the reduction of up to 90% of the principal amount for a debtor to be identified as the last days of "national happiness Fund and debt restructuring agreements with more than 15 years overdue period concluded general debtor of the ability to repay relatively low 5 days said.

The system was established to enable a certain amount of income can be the basis of pensioners, etc. Sure disorder family support, provide chronic disease dire circumstances as fact, difficult to repay the debts General debtor also tailored the debt restructuring of such treatment occurs opportunities.

The move from 30 to 60% confirming the income and wealth General borrowers also could only be applied to principal reduction ratio between the result, if it determines that the repayment capacity is not sufficient, it is possible reductions of up to 90% of the principal amount.

'Moral hazard' was to avoid controversy and configured to operate a debt restructuring review committee of experts, such as consumer groups for fairness and impartiality secured, the borrowers income from debt restructuring Committee, property and the debtor of the debt relief enlarge check carefully for special situations faced. the audit principal reduction ratio determined for the actual ability to repay.

Ordinary Finance Agency said, "The elastic principal reduction ratio zoom system is only for those who as a system to support both the applicant acknowledges that the actual ability to pay absence through debt restructuring Committee is limited apply" and "wealth and income yet those who did not receive such recognition vulnerable debtors to evade responsibility for debt repayment is filtered, based on the actual repayment potential beneficiaries lack in special circumstances faced by individuals said that in order to help. "



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