The number of Philippine consumers that can more easily access mainstream credit has grown, thanks to a continued increase in the number of businesses contributing information to their credit report.
TransUnion is a comprehensive credit bureau and information solutions provider in the Philippines, which now features more than 20.7 million account records in its database as of April 2019. This is a remarkable 570 percent increase from the baseline data of almost 3.1 million total account records in 2012.
Of the total number of account records, approximately 13.7 million are open trade lines (e.g., open mortgages, credit cards, loans, bank overdrafts as well as other credit agreements) from a total of 8.8 million unique consumers. Continue reading TransUnion Philippines Increases Number of Account Records to 20.7M (Press Info)