MAKATI CITY, 22 June 2022 – The Credit Information Corporation (CIC), the country’s sole public credit registry and repository of credit information, in partnership with the Bangko Sentral ng Pilipinas (BSP), will host a webinar series entitled, “#AdvanceMagisip: The CIC Credit Report and the basics of savings and building your wealth,” on 29 June and 21 July 2022.
The session will tackle practical financial skills such as the importance of savings, different ways to save, as well as building and maintaining a good credit standing. This webinar series is in line with this year’s celebration of Savings Consciousness Week, pursuant to Presidential Proclamation No. 380, series of 1994.
“The CIC continues to promote to our fellow Filipinos the importance and value of the CIC Credit Report in their journey towards achieving their financial goals. Through this webinar, we aim to share how having savings contributes to maintaining a good credit standing,” CIC President and CEO Ben Joshua Baltazar said.
Be #creditworthy with the CIC Academy
The webinar, which is under CIC Academy, the CIC’s educational flagship program, will feature resource speakers from the CIC, Mr. Romeo H. Ofrin, Chief Marketing Specialist, and BSP, Atty. Clarence Joseph C. Zosa, Bank Officer V.
“The CIC Credit Report is the equivalent of a regular health record, except this is for your credit health. Through it, you will be able to monitor how your past credit behavior has affected your current financial health and status,” PCEO Baltazar shared.
“This Savings Consciousness Week, the CIC aims to emphasize how having savings is a need, and not an option, for one to have good financial health and good credit standing. We encourage our fellow Filipinos to check their CIC Credit Reports, and use this as a basis to start maintaining or building their creditworthiness, all while taking into account the importance of having savings as well, ” he ended.
To further help Filipino borrowers in monitoring their credit health and establishing their creditworthiness, the CIC launched its Direct to Consumer (D2C) through AE program starting in April 2022. The D2C program provides individuals with ready and immediate access to their CIC Credit Reports through select Accessing Entities such as banks and lending companies. This program is also set to be launched through digital channels and mobile applications of participating lenders starting Q3 of this year for added convenience to their borrowing clients.
To know more about the CIC Credit Report and how it can help you in building your wealth and in achieving your financial goals, register for free at bit.ly/CICAcademy2022June29 and join the webinar via Zoom or Facebook Live to receive a certificate of participation.
The Credit Information Corporation (CIC), a government-owned and controlled corporation, was created by Republic Act No. 9510, otherwise known as the Credit Information System Act (CISA). The primary mandate of CIC is to establish a comprehensive and centralized credit information system for the collection and dissemination of fair and accurate information relevant to, or arising from, credit and credit-related activities of all entities participating in the ecosystem.