Frequently asked questions

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  1. What is a credit report?

  
  A credit report is a summary of your financial transactions submitted to the Credit Information Bureau, Inc. (CIBI). The CIBI has the authority to gather and collate these reports under Republic Act 9510.
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  2. What information does a credit report contain?

  
  A credit report includes your basic details like name, TIN, SSS or GSIS numbers, address, employer, and business. It also lists your loan agreements, utility subscriptions, and other obligations collected by the Credit Information Bureau, Inc. (CIBI).
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  3. Can I check my credit report regularly?

  
  Yes, you can regularly check your credit report to ensure the information is accurate. Regularly monitoring your credit report can also help you detect errors, identify potential fraud, and ensure that the information accurately reflects your credit activities.
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  4. What impact does a credit report have on individuals?

  
  Credit reports directly impact an individual's borrowing conditions, including loan amounts, interest rates, and more. Individuals with good credit reports typically find it easier to access loans and credit cards at lower interest rates.
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  5. How can I improve my credit score in a credit report?

  
  Methods to improve credit report scores include timely repayments, avoiding defaults, and using credit cards wisely. Actively managing personal financial situations can help enhance credit scores.
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  6. What risks does a credit report leak pose to individuals?

  
  The leakage of credit reports may lead to the misuse of personal information, potentially resulting in identity theft and other issues, posing risks to individual financial security.