What do you need to know when borrowing?

Banks assess loan or credit applications based on your "CREDIT SCORE". Know what it means and how it's measured.

If you're just starting out in your career, it is difficult for creditors to assess your financial health and approved your application. However, if you can't borrow, you won't have a chance to build a credit history. Tricky, right? Don't worry. This situation usually resolves itself as you gain more career stability and higher income, which are view as your capability to pay.

Using a statistical program, your information is compared to the credit performance of consumers with similar profiles. Creditors are scoring models to award points for each factor that helps predict who is most likely to repay a debt. The total number of points is what's known as a credit score. It helps predict how creditworthy you are, or how likely it is that you will repay borrowing and make timely payments.

A good credit score increases your chances for future borrowing approval, quality for better rates and get approved for higher limits. It can help you save money and make your life easier in the long run.

When apply for credit or borrow, take note of what bank assess about you and your credit experience:


  1. The number and types of accounts you have
  2. Late payments
  3. Collection actions
  4. If you have applied for new credit recently
  5. Outstanding debt
  6. How long you've had existing accounts
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For any concerns, you may call us at (632) 995-9999 or send us a message through www.citibank.com.ph.
Citibank, N.A. Philippine Branch is supervised by Bangko Sentral ng Pilipinas with telephone number (632) 708-7087.

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