Daily Newsmakers

Christmas is almost here!  You might have just received your bonus this early, and now you’re just too excited to spend it on this and that, go on a shopping spree, or give gifts to your family, friends, or even to random people – sounds good, because you have a lot to spend so you won’t end up broke this season, right?  NOT.  The truth is, you can’t truly spend just enough without a plan.

Home Credit and CIC share their top tips when getting a loan If you’ve ever used a credit card for purchases, or availed of a consumer loan for a big expense, or even simply borrowed lunch money from a co-worker, you are not alone—according to data from the Bangko Sentral ng Pilipinas, nearly 50% of adult Filipinos have an outstanding debt, while another 33% had borrowed money in the past. Out of these borrowers, there is a growing segment that has taken loans from lending or financing companies. And it’s hard not to see why these “non-traditional” consumer finance companies are growing in popularity: for one thing, their requirements are usually much fewer than what banks ask for, and the approval process itself tends to be pretty fast, too.