June Young talks about his experience navigating a recession and the lessons he learned from it. Listen to his story in both English and Korean or read the full transcripts below.
Check out some of our other personal finance stories in a variety of languages here.
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Hello.
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My name is June Young Kim,
I’m an employee at Experian
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and this is my credit story.
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As a Korean native,
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I came to the United States at the age of 14
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I was born in Korea, and at 14
I came to the U.S. to study.
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I went to middle school in San Jose
and after that, I was in Boston.
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Coming out of college,
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I was able to get a job
at a large bank in Boston,
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Ironically, I was very ignorant
about value of good credit.
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My parents often kept telling me
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the importance of good credit history
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but I often dismiss those advices
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convinced that my employed status should suffice.
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Despite my parents’ advice
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I didn’t pay off my credit card from time to time
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and didn’t monitor
my spending habits.
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As a result, my credit score was very bad.
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Unexpectedly, the subprime crisis hit the entire world.
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And after seeing 27,000 people getting laid off,
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which included my boss
and my friends,
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I realized that my employed status
is not as stable as I thought.
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After seeing the subprime crisis
I started to take notes of
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my credit card payment due dates
so that I could make timely payment.
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Also, to cut unnecessary expenses
I cut back on eating out
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The lesson learned.
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Now, I am fully cognizant
of good credit standing,
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and I am glad that I was able
to realize it at an earlier age.
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As a person grows,
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there are times and circumstances
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where good credit
is absolutely critical.
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A good example would be a mortgage to buy a house.
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These days,
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I am still mindful of good credit
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and timely payments
and my spending habits.
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As an Experian member, I am grateful
for this opportunity to spread
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the value of a good credit score
in both Korean and English.
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Thank you very much.
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안녕하세요
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저는 김준영입니다
Experian의 직원이죠
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제 신용 이야기를 드릴게요
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한국인 태생으로
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14살에 학업을 위해
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저는 한국에서 태어났고, 열네 살 때
공부하기 위해 미국으로 왔습니다
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산호세에서 중학교를 다니고
그 후로는 보스턴에 있었습니다
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대학을 나와
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보스턴의 한 대형 은행에
취직할 수 있었어요
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아이러니하게도 좋은 신용의
가치에 대해 매우 무지했어요
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제 부모님은 저에게 항상
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좋은 신용 기록이 중요함을
말씀해 주셨지만
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저는 제 고용 상태만으로
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충분하다고 확신하면서
그 조언을 무시하곤 했죠
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부모님의 충고에도 불구하고
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저는 크레디트 카드 지불을
깜빡깜빡 안 했고
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저의 돈 쓰는 습관을
모니터하지 않았습니다
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결과는 좋지 않은
크레디트 점수였습니다
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갑자기 서브프라임 사태가
전 세계를 강타했고
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제 상사 친구들을 포함해
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27,000명이 해고되는 것을 지켜보면서
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제 고용 상태가 생각만큼
안정적이지 않음을 알았죠
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서브프라임을 보고 난 후에 전 달력에
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카드 지불 날짜를 메모를 했고
그래서 제시간에 지불을 하고
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또 쓸데없는 지출을 막기 위해
외식을 줄였습니다
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교훈을 얻은 거죠
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이제 좋은 신용 상태의
중요성을 매우 인지하고
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어린 나이에 깨달음을 얻어
다행이라고 생각해요
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사람이 살아가면서
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좋은 신용이
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정말 중요한 순간들과 상황들이 있어요
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좋은 예는 집 구매를 위한
모기지를 들 수 있죠
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요즘
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저는 여전히 좋은 신용
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적기 납부, 그리고 지출 습관을 염두에 둬요
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Experian의 일원으로서
좋은 크레디트의 가치를
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한국말과 영어로 전할 기회를 주셔서 감사합니다
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정말 감사합니다