Once operational, accessing entities may tap the CIC database or get access to credit reports through accredited credit bureaus such as CIBI Information, Inc. CRIF Philippines, and TransUnion Information Solutions Philippines. These financial institutions can then provide the credit reports to their clients.
The CIC is in talks with financial institutions to develop an efficient process of issuing credit reports to clients. “Apart from driving fresh consumer interest to their institution — be it physically or virtually — this initiative is an avenue for our accessing entities to engage their clients during this pandemic,” Mr. Baltazar said.
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