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The burden of rising interest rates and the rise in interest rates is bound to be heavier for ordinary people. It is more difficult to pay off debts and borrow, and the government is stepping up to an "emergency financial rescue" that lowers the committed interest of vulnerable people by up to half.

Reporter Yoonha Cho will tell you in detail.

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A single mother in her 40s raising her elementary school-age son alone has a monthly income of 150.5 million won for basic living allowances.

As a result of borrowing money from banks, credit card companies, and capital companies, the debt increased to nearly 3 million won in 90 years.

I looked into the exemption because I couldn't afford it, but I had to be more than 150 days late to apply, so I delayed repayment for three months.

In the meantime, Mr. A's credit score dropped to 10 and 30.

[Mr. A: Your credit score is very bad because you are delinquent. Sometimes (the dunning calls) come three or four times a day, five times. In one place. I was worried that 'maybe I'm going to come home.']

Vulnerable borrowers with low credit scores or the bottom 6% of incomes, like Mr. A, account for 3.34% of all borrowers.

The government has decided to significantly expand the "Rapid Debt Adjustment Special Program" for the financially vulnerable.

It will reduce the interest rate by up to half, which will be extended from only young people under the age of 10 to all ages from next month.

Even if you are not delinquent, you can extend your repayment period within 3 years or delay paying it back for up to 27 years.

[Kim Ju-hyun/Chairman of the Financial Services Commission (100 May): We will also expand the debt adjustment system so that borrowers who have difficulty repaying loans due to deteriorating economic conditions can have a chance to recover from excessive burdens.]

The 'Emergency Living Expenses Loan', which lends up to 15 million won to vulnerable people with a maximum of 9 million won without regard to their delinquency history, will also be implemented next month.

Interest rates fall to 9.4% and <>.<>% if paid back in good faith, which is still too high for the vulnerable.

(Video Interview: Jeon Kyung-bae, Video Editing: Kim Ho-jin)

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