Are you having trouble opening a bank account because you have bad credit? Although it is true that there are many financial constraints, it is inevitable that you will experience inconvenience, but there is a good way. From now on, I will tell you how to open a bank account for people with bad credit.
Wrong way to open a bank account with bad credit
The biggest fear for bad credit is foreclosure. Accordingly, it is common to open a bank account in the name of most family members to conduct financial transactions. However, this method is limited and not good from a long-term point of view because it is common to link all transactions, not just a simple debit card.
Shinhan Bank, Kookmin Bank, Woori Bank, Hana Bank, Nonghyup Bank, Korea Exchange Bank, and Industrial Bank of Korea are the main banks, so they are the basis for the application for seizure of creditors. So many people recommend internet banks (Kakao Bank, K-Bank) or Saemaul Geumgo.
Again, this is no longer recommended. This is because, as interest rates on deposits at Internet banks and Saemaul Geumgo increased and products diversified, the number of new customers surged and the number of foreclosures by creditors increased. In fact, it can be said that it is absolutely unsafe when it comes to foreclosure.
How to recommend opening a bank account for people with bad credit 신용불량자 통장개설
The key to opening a bank account for bad credit is to choose a financial company that is not easily seized. In other words, you can select a financial institution that operates independently for each branch rather than connecting all branches at the head office. 좋은뉴스
1. Securities company
Securities companies are independently managed by branch, and it is also difficult to check accounts because they have an investment tendency. Accordingly, you can use it conveniently by going to a nearby securities company and opening a CMA account under your own name. The CMA bankbook is not only good for operation because of its high interest rate, but it is also very easy to open in the long term as it can be opened non-face-to-face.
2. Credit unions
Credit unions are not-for-profit financial institutions, and information is not shared because they are independent of each branch. Of course, it is possible if the debtor applies for seizure at the transaction point, but it is virtually impossible because there are over 1600 branches nationwide. Credit unions are easy to use because it is easy to open a bank account regardless of bad credit or credit rating.
3. Other banks that can open a bank account
Seoul Area – Welcome Bank, Accuon Bank, Live Bank, Yegaram Bank, Sky Bank, Minkook Bank, The-K Bank, Purun Bank, JT Chinae Savings Bank, SBI Savings Bank, OK Savings Bank
Gyeonggi Region – Inseong Bank, Youngjin Bank, Seram Bank, Samjong Bank, Burim Bank, Namyang Bank, Moa Bank, Geumhwa Bank, Sangsangin Bank, Anyang Bank, Yongchang Bank, Pepper Bank
Chungcheong area – Aju Bank, Daemyung Bank, O2 Bank, Hansung Bank, Cheongju Bank, Asan Bank
Gyeongsang region – Dongwon First Bank, SNT Bank, Jinju Bank, Soulbrain, Korea Bank, CK Bank, Must Samil Savings Bank, Raon Savings Bank, Daewon Savings Bank, Daea Bank, Union Bank, Osung Bank, MS Savings Bank, BNK savings bank
Gangwon Region – CK Savings Bank
※ These banks are at risk because all branches are linked when the debtor’s foreclosure proceeds.
Bad credit, this is what you should do
Dealing with a non-foreclosure financial company can be useful today, but it’s not positive in the long run. Accordingly, it can be said that it is better to go through the fundamental settlement of debt, personal rehabilitation, or personal bankruptcy. What are the qualifications?
1. Personal rehabilitation
Individual rehabilitation is a system that can be used for people who have steady income but cannot pay off their debts. Depending on the degree of debt, a period of 3 years or more is set and the remaining debt is exempted if the specified amount is faithfully repaid. However, the cause of bankruptcy must be clear, and this is only applicable when ‘secured liabilities less than KRW 1.5 billion OR unsecured liabilities less than KRW 1 billion’.
2. Personal bankruptcy
Personal bankruptcy refers to an inability to pay off debts, and is a waiver of debt payments. This is a case in which it is impossible to generate income due to the environment, and when personal bankruptcy is completed, financial transactions can be made under one’s own name. However, personal bankruptcy has the disadvantage that it is difficult to proceed in a short period of time due to the very strict qualification conditions and procedures.
concluding remarks
So far, we have talked about how to open a bank account for people with bad credit. Even people with bad credit can recover their finances through credit management, so please do not be discouraged.