CREDIT REPORT INFORMATION AND ITS SAFETY
CIBI Information, Inc. | 09 April 2016
“A credit rating is an opinion on the financial soundness of an enterprise and its capability to repay its debts and the corresponding interest. It is a tool for risk assessment and as such, it provides investors with a simple and objective indicator of default risk to supplement their own credit evaluation.” (Business Finance and Philippine Business Firms, Nenita D. Mejorada, 2006)
Some of us are willing to give up the complacency and security of a regular job to go into business. We are willing to invest your money on a business where we can be your own master and employer. We make feasible studies, build your network, and offer your products through social ecommerce. But getting into business means having the acumen to take advantage of opportunities. We should know your target market, the goods and services your market needs, the growth and stability of your business, and the financial resources that we have.
There’s a great deal of business opportunities to try out there. A lot of us are willing to grab them but we don’t have the sufficient capital to do so. We may gradually save from your monthly pay, invest your money on assets, or if we’re lucky, we can make use of what your family has. Another option is to approach other parties who are willing to invest in your business. But most people opt to get loans for their business capital instead. These days, banks are more than willing to offer assistance in starting a capital. This what makes credit report an imperative source of information to get loan approval from banks.
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