<Anchor> This is a
friendly economic time. Today (the 5th), I will be with reporter Kim Hye-min. Illegal loans targeting the vulnerable who are having a hard time living with young people these days? I mean, this is trendy. (Have you ever heard of a durable loan?) No. I've never heard of it.
<Reporter>
I've heard it a few times recently, but this is a durable system, meaning 'a loan that saves me'. But instead of bailing out, you can fall into a swamp of debt.
In the method of lending money, the person who wants to borrow money opens a mobile phone in his/her name or buys home appliances in installments and passes it on to the lender, and the lender returns the remaining amount after deducting interest in cash.
And the borrower pays this installment monthly. If you do a little searching on the Internet, you can easily find advertisements that offer long-term loans.
'It is possible even if the credit rating is low. There is even a phrase like 'No secondary damage', so it is easy for people who suffer from hardship or low credit, especially those who urgently need money.
<Anchor>
By the way, reporter Kim, if you listen to your explanation, it feels more like selling what I bought rather than a typical loan form. But what is the problem with this?
<Reporter>
Actually, this is just a 'loan' and an illegal financial scam.Not only the lenders, but also the borrowers are punished.
A method that has been widely used recently is the opening of a mobile phone. If you open a mobile phone on condition that you provide funds or borrow money, you will be punished according to the Telecommunications Business Act.
In addition, the interest rates offered by the traders are murderous. You receive only one-third of the principal of the opened mobile phone device, and you have to pay the monthly terminal installment and communication charges.
There is also secondary damage. If a vendor takes a SIM chip and sells it as a cannon phone, it can even lead to legal problems. Even so, even borrowers were punished, so reporting to the police was extremely rare.
<Anchor>
So, this is not the concept of 'reselling what I just bought'. So the interest rate is very high, so I also committed an illegal sale. (You can be punished.) You can be punished. Even in this situation, if you are really in a hurry, I think you will be deceived. Are there real cases like this?
<Reporter>
I heard the story of a young man in his 20s who took out a durable loan. I was in a hurry to get money when the bank said that the loan maturity could not be extended, and I even came across a 'durable loan'.
At that time, the loan companies said, "If you open a mobile phone and hand over the device, they will give you part of it in cash."
After opening and handing over three new mobile phones, Mr. A received about 1.5 million won from the loan company.The amount of money that I had to pay off the current terminal installment and telecommunication bills quickly swelled to over 9 million won.
They are paying off this money little by little now, but it is said that the end is not yet in sight. Loan users are complaining that once they fall into a durable loan, it is more difficult to get out of debt.
<Anchor> I
wondered how urgent and difficult it would have been to do this, but I feel even worse when I hear that I have more debt. Are there any preventive measures?
<Reporter> In
fact, the government does not have any relevant statistics yet. The Justice Party lawmaker Jang Hye-young's office asked the Financial Supervisory Service to submit statistics related to durable loans, but they only got a reply that they didn't have any.
So, I asked an organization that had consulted with durable loan users several times, and most of the users were in their early 20s. There were also many desperate situations where they were unemployed or were preparing for a job.
[Joo Se-yeon / Gwangju Youth Dream Bank Center Director: There were many cases where I got a durable loan while I was looking for a loan because I needed a small amount. They were trying to save 300,000 won or 500,000 won for living expenses or monthly rent right away, but they were at the end of the credit that they could not even borrow.]
Of course
, there
are no specific government measures to prevent it. The most serious problem is that these illegal loan advertisements are readily available online.
Indiscriminate and illegal advertisements targeting young people who are familiar with online are spreading through the Internet and SNS. It is urgent right now to create clear regulations to prevent illegal advertising.