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Turning to Credit Card Loans After Being Pushed Out by Banks… 4 Out of 10 People Facing High Annual Interest Rates of 16%
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Woori and Hyundai Card: Over Half at 16–20% 5 Major Banks’ Additional Interest Rate at 3.27%, Highest in 7 Years [Digital Daily Reporter Lee Ho-yeon] As lending thresholds in the banking sector rise, an increasing number of borrowers are being pushed into high-interest card loans (long-term card loans). It was found that 4 out of 10 card loan users are paying interest rates exceeding 16% per annum. Critics point out that regulations on the tot…
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