Closing the financial literacy gap in PH

By Pia Arellano

Oct 29, 2023 12:33 am

UNDERSTANDING how credit works is an important component of financial literacy. To foster greater financial inclusion, I believe it is imperative that new-to-credit (NTC) Filipinos know how greater access to credit can potentially help make their lives better.

NTC consumers are at an early stage in their credit journeys. TransUnion defines them as individuals with no prior credit history on their credit bureau files who opened their first-ever traditional credit product, such as a credit card or auto loan.

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