When debt gets out of hand

When defaults have started or debt is hard to repay, don't struggle alone — find solutions step by step. Every step links to free public agencies.

6 steps 6 calculators linked
  1. 1

    Find the program for your situation

    Find which of fast-track adjustment, workout, rehabilitation or bankruptcy fits your overdue period, income and debt size.

    e.g. 90+ days overdue → individual workout Open debt adjustment finder
  2. 2

    Check rehabilitation payments

    If you have income, calculate what you'd repay over 3–5 years.

    e.g. ₩3M/month → ₩1.46M payment Open individual rehabilitation payment calculator
  3. 3

    Protect your salary and account

    From February 2026, up to ₩2.5M a month can't be seized, and a living expense account protects your living costs.

    e.g. ₩4M salary → up to ₩1.5M seizable Open wage & account seizure protection calculator
  4. 4

    Stop unfair collection

    Dozens of calls a day, late-night contact and telling your family are illegal collection practices.

    e.g. over 7 contacts in 7 days → illegal Open illegal debt collection checker
  5. 5

    Check high-interest loans

    You don't have to pay interest above 20% a year, and above 60% the contract itself is void.

    e.g. ₩900K→₩1M · 7 days → 579%/yr Open illegal interest rate checker
  6. 6

    Decide the payoff order

    Calculate which order to repay several debts in to pay the least interest.

    e.g. highest rate first vs. smallest debt first Open debt payoff order calculator

Official agencies that can help

Guides for other situations

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This guide describes general procedures and is not legal advice. Check your individual case with each agency.