TO CREDITORS:
• Provides a quantitative view of a borrower's
credit transactions
• Increases the available data in evaluating and
processing loan applications
• Improves credit risk management practices
TO CONSUMERS:
• Encourages competition among lenders to offer
a wider range of products and services
• Promotes responsible borrowing
• Allows borrowers to correct any erroneous data
in their credit record
TO REGULATORS:
• Reduces the overall credit risk thereby
contributing to a healthier and more stable
financial system
TO THE LOCAL ECONOMY:
• Provides better opportunities for small and
medium entrepreneurs to participate in inclusive
growth
WHAT ARE SPECIAL ACCESSING ENTITIES?
They are duly accredited corporations like credit
bureaus, engaged primarily in the business of providing
credit reports, ratings, and other similar credit
information products and services.
The Credit Information Corporation contributes to the
easing of access to credit, especially for MSMEs, and to
the stability of the financial system by collecting,
collating, and disseminating up-to-date, reliable, and
comprehensive positive and negative credit information
at the least cost, and adequately protecting the rights
of borrowers.
The Republic Act No. 9510, otherwise known as the
Credit Information Systems Act (CISA) of 2008,
prescribed the powers and functions of the Credit
Information Corporation (CIC) whose primary mandate
is to:
• Receive and consolidate basic credit data
• Act as a central registry or central repository of
credit information
• Provide access to reliable, standardized information
on credit history and financial condition of
borrowers
TO LEARN MORE ABOUT US:
visit our website: like our Facebook page:
www.creditinfo.gov.ph Credit Information Corporation
CREDIT
ARE YOU CREDITWORTHY?
INFORMATION
CORPORATION
The Credit Information Corporation is one of the main This brochure is made possible by the support of
counterpart government agencies of USAID in the American people through the United States
implementing The Advancing Philippine Agency for International Development (USAID).
Competitiveness (COMPETE) Project.
 To get loan approval, one of the considerations is the
borrower’s credit record, which includes:

• POSITIVE CREDIT INFORMATION

Starting or growing a business, buying a car, or data concerning the credit performance of a Borrowers may have borrowed from one or more lenders
constructing a house requires funding. Funding need borrower, such as, but not limited to, for various purposes. Lenders, i.e., all banks,
not always come from one’s own pocket. In our information on timely payments cooperatives, microfinance institutions and other
economy, households and businesses including micro, government financial institutions with lending facilities,
small, and medium enterprises (MSMEs) rely on credit • NEGATIVE CREDIT INFORMATION are mandated to submit credit information of individual
as their main source of external funding. Credit enables data on the poor credit performance of borrowers to the CIC. CIC, in turn, aggregates all
households to consume or acquire tangible assets and a borrower such as late payments or credit records and by using identifiers like name,
provides entrepreneurs with the opportunity to expand non-payments address, gender, birthdate, among others, match them
their business, something which may not be possible to come up with a Consolidated Basic Credit Report for
through internal funding alone. This way, credit helps each borrower.
and submit basic credit
fuel the economy. ss loans data
e
acc
Such report will contain both positive and negative
credit information that can tell how a borrower
handled his/her debts. The report includes,
individuals submitting among others:
and provides and accessing
enterprises consolidated entities
credit data • Basic personal information
provides
consolidated submit basic • Government-issued IDs
credit data credit data
(e.g., TIN, Passport number)
• Address(es) and contact details
credit
• Detailed financial contracts (e.g., loans)
information • Credit card(s) records
corporation
INDIVIDUALS AND ENTERPRISES provide consolidated
credit data with
provide consolidated
credit data with
snapshot of the consolidated
CAN ACCESS CREDIT THROUGH: value added value added data from the credit report
provides
• Banks consolidated
credit data
• Credit cooperatives CREDIT CARDS
Credit Cards Detail (Active, Closed, Closed in Advance):

• Microfinance institutions (MFIs) No

CIC
Card
Refere Contract Contract Credit Outstanding
Overdue
Outstandi
ng Contract
Provide
r Code Not
Contract Payments
• Credit card companies .
Code
nce
No.
Type

CREDIT
Status limit Balance
Amount
Balance - Start Date
Unbilled
Encrypt e
ed
BNK 00
1 A 0000087 6 703 0 01/01/201 4 -
• Other financial institutions with 1234
CARD -
SHARED
LIMIT
- 165,000 31,115 1

lending facilities 2 A 0000087 7

CREDIT
0 0 01/01/201 4
BNK 00
1
-
special
CARD -
1234 - 165,000 10,000
SHARED

accessing LIMIT

entities
For a complete view of a credit report sample, visit www.creditinfo.gov.ph

THE CREDIT INFORMATION SYSTEM