Rising Number of Ordinary Citizens Unable to Withstand Debt Amid High Interest Rates… 100,000 Debt Restructuring Confirmed in First Half Alone
3 Articles
3 Articles
It has been found that nearly 100,000 individuals and self-employed business owners entered debt restructuring in the first half of this year alone, unable to withstand the burden of debt amidst high interest rates and inflation. According to data submitted by the Credit Recovery Committee to the office of People Power Party Rep. Park Sung-hoon (Political Affairs Committee) on the 31st, the total debt restructuring in the first half of this year…
As the number of ordinary people struggling to repay debts due to high interest rates and inflation increases, the number of confirmed debt restructuring cases reached 97,199 in the first half of this year. In particular, the surge in applications from the elderly and users of expedited debt restructuring, who are in the early stages of delinquency, has been notable, and applications for livelihood loans from diligent repayers have also reached …
(Seoul = Yonhap News) Reporter Bae Young-kyung = It has been found that nearly 100,000 ordinary citizens entered debt restructuring in the first half of this year alone, unable to withstand their debt burden amidst high interest rates and inflation...
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