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Gyeonggi Province Citizens' Finance and Welfare Support Center Proves Effective in Solving Financial Difficulties

In 2019, provided financial counseling for 9,612 people across 13,687 cases...465 personal bankruptcies, 66 personal rehabilitation cases, 164 credit recovery cases
Counseling session at the Gyeonggi Province Citizens' Finance and Welfare Support Center counter. (Photo=Gyeonggi Province)
Counseling session at the Gyeonggi Province Citizens' Finance and Welfare Support Center counter. (Photo=Gyeonggi Province)

[Suwon Ilbo=Reporter Park No-hun] Mr. A, who was struggling financially due to multiple debts, eventually found his way to the Gyeonggi Province Citizens' Finance and Welfare Support Center after searching extensively. Through the center, A received comprehensive financial consulting and support for a personal bankruptcy application. Five months after filing with the court, he received a discharge decision and was able to free himself from debts exceeding 200 million won.
In the case of Mr. B, he took out a mortgage on an apartment but faced a prepayment penalty of 47 million won. After visiting the Citizens' Finance and Welfare Support Center, he received cash flow diagnosis and established a repayment plan, enabling him to receive customized financial planning.

The Gyeonggi Province Citizens' Finance and Welfare Support Center is effectively serving as a helper for residents facing difficulties with household debt, debt obligations, and illegal debt collection. The center currently operates at 12 locations throughout the province.

The Gyeonggi Province Citizens' Finance and Welfare Support Center is a counseling center designed to help residents facing financial difficulties. Its main functions include ▲debt adjustment counseling and support for credit recovery, personal rehabilitation, and bankruptcy ▲providing customized financial consulting to improve household financial conditions ▲counseling on illegal debt collection practices and support for debt representatives ▲providing information and connecting eligible residents with welfare benefits.
In 2019, the center provided financial counseling to 9,612 people across 13,687 cases, supporting a total of 695 debt adjustments for 141.9 billion won, including 465 personal bankruptcies, 66 personal rehabilitation cases, and 164 credit recovery cases.

Any Gyeonggi Province resident in need of financial counseling can use the Citizens' Finance and Welfare Support Center. Reservations can be made through the Gyeonggi Province Call Center (☎120), the Citizens' Finance and Welfare Support Center main line (☎1899-6014), or the website (http://g-counseling.gcgf.or.kr) to receive counseling.
Regional centers are operated by region: Western area (Anyang, Ansan, Bucheon), Southeastern area (Suwon, Yongin, Pyeongtaek, Gwangju), and Northern area (Goyang, Guri, Uijeongbu, Paju).

Lee Byung-woo, Head of Gyeonggi Province's Welfare Division, said, "Any residents struggling with household debt should come and knock on the door of the Citizens' Finance and Welfare Support Center."

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