D2C in JMH Branches

by: JLGranado | 2022

Credit Information Corporation launches D2C or the Direct to Consumer Program that will enable Accessing Entities to provide their clients with ready and immediate access to credit information pursuant to the Letter Memorandum No. 2022-04.

JMH Microfinance, Inc., as one of the Accessing Entities (AEs), can now provide CIC Basic Credit Reports to their clients thru the Consumer Enquiry module via CIC Portal.

Inquiry through CIC is needed for clients of JMH who avail a certain amount of loan, particularly those who avail of AGaP or the individual loan. Credit Reports are important since it is a basis to ensure the accuracy of the client’s credit data, and can be used by them as reputational collateral or proof of creditworthiness. Additional to these benefits, credit reports are important to avoid identity theft.

CIC Credit Reports inquired through the Consumer Enquiry module are unmasked, thereby indicating the names of Financial Institutions in lieu of Provider Codes. Access to the Consumer Enquiry module is subject to the guidelines under the CIC’s Direct-to-Consumer thru AE (D2C thru AE) Program.