Course 5610 lessons

Building credit from zero

A practical starting guide for anyone with no credit history at all, first jobholders, young adults, or lifelong cash users, on the concrete first steps to build a credit track record in the Philippines.

Why having no credit history is its own problem

It feels backwards, but it's true almost everywhere: you often need credit to get credit. Banks and lenders decide whether to approve you by looking at how you've handled borrowed money in the past. If you've never borrowed anything, there's simply nothing for them to look at, and that blank slate can get you rejected just as easily as a bad track record would.