Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/337267 
Erscheinungsjahr: 
2023
Quellenangabe: 
[Journal:] Journal of Derivatives and Quantitative Studies: Seonmul yeon'gu (JDQS) [ISSN:] 2713-6647 [Volume:] 31 [Issue:] 4 [Year:] 2023 [Pages:] 262-277
Verlag: 
Emerald, Leeds
Zusammenfassung: 
This study aims to examine the effectiveness of the debt modification system (DMS) in Korea. We find that DMS does have a positive effect in increasing the credit scores and annual income of DMS users. We also find that a debt management plan (DMP) is more effective in raising credit scores than personal rehabilitation (PR). However, the credit scores of DMS users in the first half of 2019 (551.1-626.1 points) are at a very low level, making it difficult to access low-interest unsecured loans from banks. Therefore, DMS in Kores is still insufficient to support the return of debt-ridden consumers to normal financial life and provide opportunities for a fresh start.
Schlagwörter: 
Credit score
Debt management plan (DMP)
Debt modification system
Fresh start
Personal rehabilitation (Chapter 13)
JEL: 
G18
G20
G28
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