Credit Ratings and You

Credit Ratings and You. There's no credit rating here in the Philippines - until now that is. The Credit Information Corporation (CiC) was created in 2008 by virtue of Republic Act. No. 9510, otherwise known as the Credit Information System Act (CISA). It is a government-owned and controlled corporation that is envisioned to be the leading provider of independent, reliable and accurate credit information in the Philippines. So what the heck does that mean?
If you're reading personal finance blogs and/or searching for finance/money related articles on the net, then you've probably seen ads or spam for it.

Get a free credit report. Know your credit rating - or fix it, raise it, or whatever.

It's mostly a U.S. thing (or some other foreign country like the U.K.). There's no such thing here in the Philippines - until now that is.
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