Polarization Deepened by High Interest Rates… Delinquency Rate Among Low-Credit Self-Employed Up 4–5 Times in 5 Years
3 Articles
3 Articles
Self-employed individuals with low credit scores are unable to withstand their debt. At the five major banks—KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup—the loan delinquency rate for self-employed individuals with credit ratings of 7 to 9 has skyrocketed four to five times in four years and eight months. Conversely, the delinquency rate for self-employed individuals with good credit has actually decreased. As the burden of high interest ra…
(Seoul = Yonhap News) Reporters Han Ji-hoon and Lee Do-heun = The shadow of austerity is deepening behind the semiconductor boom. Before the warmth of the boom could even spread, the chill of high interest rates...
It was found that the loan delinquency rate of low-credit self-employed individuals has skyrocketed four to five times in the last five years.
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