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Credit Registry Reopens CIC Academy for Borrowers, Consumers

CIC Academy Webinar 2022

MAKATI CITY, 16 February 2022 – The Credit Information Corporation (CIC), the country’s public credit registry and repository of credit information, is set to start the 2022 run of its webinar series “CIC Academy” this February 18 and 28.

The opening sessions on “Credit Report and Credit Score: Assessing Creditworthiness amid a Pandemic” will discuss the importance of these financial tools in improving one’s creditworthiness and access to credit amid the COVID-19 pandemic.

“In line with our mandate, the CIC Academy is our flagship program to raise awareness on the rights of borrowers and consumers, including ready and immediate access to their credit information through the CIC Credit Report. The program will also educate the public on the benefits of a credit information system to the economy,” CIC President and CEO Ben Joshua Baltazar shared.

Launched in August 2021, the CIC Academy has successfully reached over 6,000 attendees who had the chance to participate in discussions on various topics such as responsible borrowing, combating abusive lending practices, detecting credit card fraud, building good credit history, and obtaining business loans, among others.

Become #Creditworthy with CIC Academy

The CIC Academy’s first webinar series for 2022 will feature resource speakers from the CIC and from CIBI Information Inc., one of its accredited credit bureaus issuing consumer credit reports and credit scores.

“We will demonstrate how the CIC Credit Report serves as reputational collateral that reflects your creditworthiness. Together, we will also break the stigma of credit being synonymous with financial hardship, mismanagement, and vulnerability, which should not be the case as it is essential for daily life and a tool for financial upliftment,” the PCEO emphasized.

He further explained that a credit score is a value-added service provided by credit bureaus based on the CIC Credit Report: “The higher your credit score, the more creditworthy you are perceived to be by lenders which improves your chances of getting approved for a loan and other financial services. Being creditworthy is a goal everyone should be aware of and aspire to achieve.”

With around 30.7 million borrowers and over a hundred million loan contracts in the CIC database, the CIC Credit Report provides a balanced view of an individual’s credit history as it captures both positive and negative credit data from a wide array of lenders.

To learn more about the CIC Credit Report and credit scores, everyone is invited to register for free at bit.ly/CICAcad2022Feb18 and join the webinar via Zoom to receive a certificate of participation.

If you are unavailable to attend the first run, you may still join the second run on the 28th by registering at bit.ly/CICAcad2022Feb28.

You may also email us at [email protected] or follow us at https://www.facebook.com/creditinfo.gov.ph for the latest information.

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.

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