Pinoys warming up to credit

Filipinos are becoming more open to using credit, but concerns over interest rates and fraud continue to discourage wider adoption, according to the 2025 Credit Perception Index (CPI) released by TransUnion.

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The Philippines’ CPI score stood at 73 out of 100 this year, only slightly lower than 74 in 2024, reflecting stable sentiment toward credit. Trust in credit products, however, climbed by six points, signaling stronger consumer confidence.

“Filipinos are eager to learn more about financial options that are relevant, accessible and suited to their needs,” TransUnion Philippines president and CEO Peter Faulhaber said.

“As financial literacy deepens, we anticipate even greater familiarity, trust and responsible use of credit — key pillars in building a more inclusive and robust financial ecosystem in the Philippines,” Faulhaber said.