MANILA, Philippines — State-run Credit Information Corp. (CIC) is urging banks and other financial institutions to refrain from tagging missed or partial payments of loans during the enhanced community quarantine as default or delinquent.

The country’s credit registry is boosting digital efforts to make information on credit and financial condition of borrowers accessible amid restricted mobility due to government restrictions addressing the coronavirus disease 2019 (Covid-19) pandemic.

STATE-RUN Credit Information Corp. (CIC) said it launched its Covered Entity Portal, through which financial institutions can register and submit documents online.

MAKATI CITY, 21 April 2020 – As part of its mandate to collect and disseminate fair and accurate credit information and to ensure consumer rights protection amid the state of national emergency brought about by the COVID-19 pandemic, state-run Credit Information Corporation (CIC) called on its submitting

The country’s credit registry is asking lenders to be more considerate amid the coronavirus disease 2019 (Covid-19) pandemic, advising them not to tag missed or partial payments of loans as default or delinquent right away given the current situation.

The country’s credit registry announced it is keeping inquiry fee affordable amid the pandemic to allow more financial institutions accessing its database.

MAKATI CITY, 07 April 2020 – State-run Credit Information Corporation (CIC)—through the approval of the Securities and Exchange Commission (SEC)—is extending the P10 introductory price per credit report inquiry for its accessing financial institutions until 31 December 2020.

MAKATI CITY, 31 March 2020 – In view of the enhanced community quarantine in Luzon and lockdowns in various parts of the country, Credit Information Corporation (CIC)—the country’s central credit registry and repository of credit information—announced an extension in submission of credit data by its covered en

The country’s central credit registry warned the public of collection scam and individuals falsely claiming to be employees of Credit Information Corp. (CIC) with the intent of harassing borrowers to pay their account despite the Luzon-wide enhanced community quarantine.

MAKATI CITY, 27 March 2020 – The country’s central credit registry, Credit Information Corporation (CIC), expressed its full support to the Securities and Exchange Commission (SEC) in its call to all financing and lending companies to adopt measures that will ease the bur