Paper Title
An Analysis on Effectiveness of Debt Relief Program

Abstract
This study aims to examine the effectiveness of the debt modification System (DMS) in Korea. We find that DMS does have a positive effect in increasing the credit scores and annual income of DMS users. We also find that a debt management Plan (DMP) is more effective in raising credit scores than personal rehabilitation (PR). However, the credit scores of DMS users in the first half of 2019 (551.1-626.1 points) are at a very low level, making it difficult to access low-interest unsecured loans from banks. Therefore, DMS in Kores is still insufficient to support the return of debt-ridden consumers to normal financial life and provide opportunities for a fresh start. Keywords - Debt Modification System, Personal Rehabilitation (Chapter 13), Debt Management Plan (DMP), Fresh Start, Credit Score