Benefits of a good credit history

Benefits of a good credit history

A credit history is a record of your past borrowing and repayments, including information about late payments, delinquency, and bankruptcy.

In the Philippines, there are data service providers which process and organize credit information on the clients of financial institutions. Having ready access to credit information enables financial institutions to make fast, informed, reliable and objective credit decisions.

Having a good credit history is important for future borrowing requirements. Some companies may also use consumer credit information in assessing employment applications. A poor credit history can adversely affect your chances of getting the loan you need or possibly getting hired by your prospective employer.

Here are some simple rules that can help you build and maintain a solid credit standing


Pay at least the minimum payment due on time. Whenever possible, pay your bill in full every month to avoid late fees and interest charges.


Notify creditors when you move, so that your bills will arrive on time and you can pay on time. Not getting your bill is not a reason for not making payment.


Do not overextend yourself. Do not spend or borrow more than what you can repay.


Be aware of the due dates of your loans or credit card bills and penalties for late payments.

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For any concerns, you may call us at (632) 8995-9999 or send us a message through
Citibank, N.A. Philippine Branch is supervised by Bangko Sentral ng Pilipinas with telephone number (632) 8708-7087.



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