What is Credit History?
Your credit history is a record of how well you are able to pay off your debts. It's very important to maintain excellent credit history and become credit-worthy since this is what banks, insurance companies, employers, and other institutions look at to see how responsible you are in maintaining your financial commitments. The better your history, the more likely they will accept your applications.
You can build your credit history by getting an installment plan with ShopLite. As a member of the Credit Management Association of the Philippines (CMAP), ShopLite will help you so that your actions can impact your entire credit history even if you start with a small purchase.
What is Credit Health?
How will my Credit Health help me build my credit history?
- You can easily and quickly check how outstanding of a payer you are.
- You will have a better understanding of how your actions affect your record.
- You will get tips on how you can improve your record right away.
- You will enjoy building your credit history in a way you can easily understand.
Why should I care about my Credit Health?
We believe that to live a life full of experiences while being worry-free of the future, you need to be credit-worthy. Credit worthiness means that financial institutions will have no problem trusting you with loans so you won't have to worry about big-ticket purchases later on. We want you to use your credit health as a tool so you can easily make your way towards credit-worthiness.
With this, our hope is that you will understand and appreciate credit and you will finally live in a worry-free, credit-worthy present.
What happens when my credit health is excellent?
- You will have an easier time getting your applications for a loan approved.
- You will be able to apply for an installment on ShopLite again.
- You will have an excellent record on your credit history for banks, employers, credit card companies, and other institutions to see.
- You will be on your way to building the habit of a responsible and trustworthy payer.
What can I expect?
- Monthly credit health updates via email and SMS
- Real time credit health updates on your dashboard with every action you perform
- Tips on how to become a credit-worthy payer
What can I buy on ShopLite?
Our retail store includes cameras, laptops, home appliances, smartphones, tablets, apparel and other electronics.
You can also purchase select Travel & Leisure offers from Deal Grocer. All Deal Grocer offers will be delivered to you in the form of a Gift Voucher.
I want to suggest an item or a package that’s not on ShopLite! Where can I send my suggestions to?
We’re very open to suggestions! You may email us email@example.com and we’ll see what we can do.
How many items can I buy on installment?
We are limiting one purchase per account for now. However, you can purchase another item once all the installment payments have been fully paid.