Filipinos' trust in credit rises

Robust economic growth and record-low inflation in the second quarter are creating a favorable environment for accelerated credit expansion in the Philippines, according to a report from global information and insights firm TransUnion.

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The report, citing the TransUnion Credit Perception Index (CPI) for 2025, noted that Filipino consumers are becoming more open to using credit, though some hesitation remains. The general population recorded a CPI score of 73 out of 100, reflecting stable credit sentiment, supported by a six-point increase in trust in credit products.

TransUnion also said a growing number of consumers expressed the intention to borrow from formal credit channels such as traditional banks, virtual banks, and credit cards. However, the firm noted that external factors, including high interest rates (59 percent) and fraud concerns (52 percent), continue to hold Filipinos back from actively using credit.