One of the important factors in evaluating your credit rating is your history of overdue loans, credit card payments, and unpaid cell phone bills.
Having a delinquency record means not keeping promises, so it affects your credit rating.
In this article, we summarized how to view overdue records, criteria for classifying short-term overdue and long-term overdue, and whether your credit rating declines when you do not pay your cell phone bill.
index
How to look up overdue records
Registration of short-term and long-term overdue records 연체기록
Non-payment of mobile phone bill affects credit rating
How to search overdue records Thumbnail 좋은뉴스
How to look up overdue records
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How to look up overdue records
There is a way to use the ‘NICE Jikimi’ service to search your overdue records.
Nice Jikimi is a system that allows you to check your credit information without membership registration, and is a service operated by NICE Evaluation Information.
You do not need to register as a member, you can search for default information, short-term overdue history, loan information, etc. by verifying your identity after agreeing to only the terms and conditions that you must confirm.
You can verify your identity with one of mobile phones, credit cards, and public certificates.
Nice Jikimi homepage screen
Nice Jikimi Identity Verification Screen
Nice Jikimi overdue record inquiry screen
After authentication, you can check long-term overdue information, short-term overdue details, public information, financial disorder information, etc., as shown in the screen below, and you can also inquire the details of the loan you are currently using and credit information inquiry history.
Go to Overdue Details
Overdue record inquiry screen
Overdue record inquiry result
✅ Read also about ‘what happens when you overdue your loan interest’!
Loan interest overdue – how to calculate delay compensation, how does it affect credit rating?
As interest rates have recently risen, more and more loan interest payments are being overdue. If you fail to repay the interest on your loan, you will have to pay an additional late payment. Calculate how much late payment will be
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Registration of short-term and long-term overdue records
If you look up the overdue record, it is divided into short-term overdue and long-term overdue. Distinguishing between short term and long term can be based on whether the overdue period has exceeded ‘3 months’. Here, 3 months is based on ‘business days’ in which the financial institution works.
Short-term overdue: less than 3 months overdue
Long-term overdue: over 3 months overdue
In other words, if you repay within 3 months of starting the overdue, a short-term overdue record will remain, and if it is more than that, a long-term overdue record will remain. If you make a long-term overdue, you will be registered on the debt default list, and you will be disadvantaged in future financial transactions.
Regardless of the overdue period and number of cases, if the overdue amount is less than KRW 100,000, it is not classified as overdue and does not affect your credit rating.
In the case of a small overdue amount of KRW 100,000, it is not shared with credit rating agencies and financial institutions, but since overdue records remain, there may be disadvantages when making financial transactions such as taking out loans.
For reference, even if one overdue of 100,000 won or more and 5 business days or more has occurred, your credit score will not go down. However, it is better not to overdue if possible because overdue records are shared with credit rating agencies and financial institutions.
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Non-payment of mobile phone bill affects credit rating
Failure to pay your mobile phone bill on time will affect your credit rating. Usually, mobile phone bills are calculated by adding the amount of communication service (voice call, video call, data communication) and the mobile phone installment payment.
Depending on the type of charge, the impact on credit rating is different, and the contents are as follows.
Non-payment of telecommunications service charges: No record of overdue is left, no effect on credit rating downgrade
Non-payment of terminal installments: Records of non-payment and overdue are left, and credit rating is affected
Since the cell phone bill is charged for the above two amounts together, unless you pay separately, delinquency will affect your credit rating.
As above, we have summarized the information on short-term and long-term delinquency records inquiry methods, non-payment of mobile phone bills, and credit rating impact. Hope this helps.