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Please be informed that pursuant to Republic Act (R.A) No. 9510 and its Implementing Rules and Regulation (IRR), creating the Credit Information Corporation (CIC) we are mandated to submit your basic credit data (as defined in R.A No. 9510 and its (IRR), as well as any regular updates or corrections thereof, to the (CIC) for consolidation and disclosure as may be authorized by the (CIC). Consequently, your basic credit data may thus be shared with other lenders authorized by the (CIC), and other credit reporting agencies duly accredited by the (CIC), for the purpose of establishing your creditworthiness.

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BSP Advisory

April 24, 2024

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