Robinsons Appliances x Home Credit Holiday Shopping Spree Winners Bared

Had so much fun visiting Robinsons Antipolo this afternoon as Robinsons Appliances and Home Credit just concluded their Holiday Shopping Spree promo. They have held this during the last quarter of 2022 and awarded them this April 25th in front of shoppers, the media and executives from both Robinsons Appliances and Puneet Suneja of Home Credit Philippines too.

The event was hosted by Chariz Solomon, mainstay of hit gag show Bubble Gang (and my favorite portion Balitang Ina), she was so fun to be with as people relate to her small stories in between formal talk. This particular promo is just part of the multiple things Robinsons Appliances plan to do with Home Credit. They find Home Credit to be a very convenient solution for shoppers to use when they don't have credit cards. They also approve quite fast with the proper requirements, and the winners actually attested to it during the short program.

Check out the highlights of the event earlier, and our interview with the Robinsons Appliances executive too.

They awarded 200,000 peso worth of GC's to Catherine Trajano and Terese Opena who bought freezers (for their frozen goods business), TV's and airconditioner (for home use). Just like them, you can get to use Home Credit at Robinsons Appliances stores nationwide, they are still at it, doing more promos in different forms so aside from getting your home appliance, you get to win prizes from them too.

Congratulations to all the winners! I'm sure there's a lot of you thinking of getting an airconditioner during these hot months, you should try Home Credit if you are buying something from Robinsons Appliances.

HOME CREDIT Starts "The Great 0% Interest Festival!"

Have the merriest holiday with Home Credit’s The Great 0% Interest Festival

It looks like HOME CREDIT is bringing out the big guns this holiday season!

Yes, it's the most wonderful time of the year and shopping for loved ones, family, friends also start at the same instance. Those wish lists come out of nowhere and you've probably got to make them all come true. HOME CREDIT just made it easier to decide on those high ticket items as they introduce "The Great 0% Interest Festival". It's where over 50 thousand products will be offered at only 0% interest at almost 10,000 stores nationwide.

HOME CREDIT's Chief Marketing Officer Sheila Paul says "It's always been a holiday tradition for Filipinos to have the joy of giving. It is what makes things extra special especially during the holidays. Home Credit is making it more affordable and accessible for a lot of people, and at 0% interest rate, you can fit it in your budget this season."

This means those furniture, home appliances, phone upgrades, are all within reach. If you wish to have it as a gift, you can do that too. You don't even have to have a credit card to get them these days and Home Credit does that. They have been doing this since April 2022 so there's really no reason why you wouldn't get those lovely things you wish for this Christmas.

Head on to SM Appliances branches inside SM Malls, Robinsons, Abenson, FC Home, AllHome, Automatic Center and other authorized establishments. By the way, Home Credit knows you want inspiration, so during the holidays, you're going to see videos on Home Credit's social channels and with the one and only Moira dela Torre. She's Home Credit's newest brand ambassador and surely, would make you feel so special with her songs during the season. Remember, it's only going to be until January 31st.

Go visit their website homecredit.ph and follow them on Facebook. Instagram, Tiktok official accounts if you want to know more about it. You can also download the Home Credit app off Google Play because the promos and its details are also listed there. Don't say I didn't tell you about it!

Plans for Growth and Services on Home Credit's 8th Anniversary

Businesses and people have been forced to grow their digital presence in the country. The pandemic changed how products and services are procured and access to it used to be hard, but things have definitely changed when HOME CREDIT arrived in the country.

This year, they're celebrating their 8th year in the Philippines. They started in 2013, where back then, they could provide loans to Pinoys who have little to no credit history so they could purchase appliances, gadgets or electronic products and pay for it at a later date. Home Credit started in malls and I distinctly remember how they held launches in actual appliance centers for people to become aware of it. These days, they have gone the digital route and got the My Home Credit App available in the Google Play Store. These days, they have a one minute approval after submission of requirements, which I think is the fastest. They do it in partner retail stores in the country (and I've seen their booths in SM Appliance Center where I live). The My Home Credit App also has those products in app so it would be easier for you to get it, apply for loans too when you need it. You can buy now, then pay later, which would be huge help especially if you're managing your finances.

They also have made payments easy using a new service they call QWARTA. If they pay for it that way, there will be no additional cost and it'll be easier to pay via QR as well. The app also has load available, so if you're in one of the multitude of networks they have listed, you won't run out of ways to get voice or data packages offered by telecom networks. You can also pay for bills of over 300 mercahnts nationwide including partner brands. They also have discounts, so there's really no reason why you wouldn't try it out. They are also continuing financial literacy as their mission. As what their CEO David Minol said, "Our goal is to offer and be your partner in overall financial needs. We have been continously innovating to meet the demands of the Philippine market and we're proud of it."

Home Credit will be announcing their 8 Millionth customer in the next few weeks so make sure you visit their site homecredit.ph and their Facebook page HomeCreditPH if you want to pick up news about it. They will also have other upcoming promos and announcements, so might as well right? I'd like to take this bit to thank the good people of Home Credit Philippines for having us during their event, congratulations on your 8th year!

Money And Other Things With Home Credit

Financial literacy is the most uninteresting topic as some of you may find but we got schooled by Home Credit and their advocacy.

Franchet Cardona of Home Credit says “We operate to 10 markets globally, we are the leader in in-store loans in the Philippines and served 5 Million Filipinos. Our advocacy is financial literacy and since we launched Juan Two Three, we tried to help people about understanding how to save and invest. A lot of people don’t know that and this is why more Filipinos don’t have access to banking, 77% and with us, 65% are all first time borrowers. In our program we go to communities and barangays to have interaction with people, do interactive games to teach our customers how to understand the value of money. Today we have reached thousands of households, how to save and take care of their hard earned money. We have also been recognized by Stevie Awards, and it is important we work with different agencies. At Home Credit, we teach the basics and do hands on stuff in communities. It includes farmers, soldiers, ordinary pinoys and go beyond videos and presentations. It is super important to reach our stakeholders, even in our own offices. We need to have inclusivity and help Filipinos prepare for their future. I hope you get a lot from this session.”

Fitz Villafuerte of Ready To Be Rich says “Thanks for inviting me. One of my advocacies is financial literacy and I am a registered financial planner. It’s a new profession but we are different from financial advisors. I am also an author, entrepreneur and blogger. We are talking about principles of investment matching. What is the best investment? I have always encountered that question on all my channels. Remember, personal finance is personal, which means it is your decision. For me you have to know the situation of the person before you can plan about it. We can’t argue about what you want. A lot of people base their decision with what other people expect of them. If you choose investments, it’s not just the profit or potential returns that you go for, you have to know who’s handling it. The usual pyramid scams from never heard companies always get people in with attractive returns. Knowing and comparing hundreds of investments is difficult, but it all boils down to what you need and want. Find the investment that you can do to achieve them. Do you need something for emergencies? Do you need it for retirement? Do a specific investment to do a specific goal. The best investments are not those that earn the most, but those that help achieve your financial goals. It’s where you have to classify different kinds of investments. For Liquidity, Growth and Income, you have to choose if you want Easy access to money, money reserved for the future, or increase your present cashflow. For terms, do you need it for short term, medium term (bonds), Long Term (Equity), you also have to know the risks (Low, Medium, High). Some people don’t realize risks and the need to wait several years for your money to grow. If you open investment accounts in banks, this is why you are asked so they could asses your goals. You set your objective, a target date and specify the value. This includes how many years away you would need to achieve it. Stock market and Equity funds are for long term. You don’t invest just because you want a large sum of money, you have to choose and have smart financial goals. You have your own, so make sure you plan wisely. Your cash flow should be bigger as the years go by. Look at your goals and set your priority. Invest according to it. There is no right or wrong decision, but every time you decide you are foregoing a lot of things versus your own goals. When you are more aware, you can handle it easily. If you want to know more, you can go to fitzvillafuerte.com.”

Atty Aileen Bautista of the CIC talked about Credit Information and says “What is your credit score? The CIC is a government owned and controlled corporation made by the law since 2008. The good news about this is that CIC has credit reports available since 2015 and is available. The CIC does structured data, the credit report and credit score is different. Credit registry and credit bureau is also different. The government owns 60% while private sector owns 40% of the stake. In the PH we are fond of informal lenders like 5’6, where a lot of problems occur for developing countries. Now as lenders, it is required by law to have them furnish credit information. The goal is to have lowest interest rates and less to no collateral. Understanding financial literacy is a bit negative, this infrastructure makes is all responsible borrowers. The law describes them as a submitting entity. It includes GOCC’s , banks, credit card companies, investment companies, insurance companies, cooperatives and trust entities. They track the previous payment behavior, those who submit data are listed in our website creditinfo.gov.ph. It is comprehensive, trustworthy, and have special entities who does credit scores. The rights of borrowers include access to credit information, sometimes for a fee, there are also rights to dispute incomplete or misleading credit information. KYC’s are done in office still. You can request and we can send it to your email. Lenders can make disputes if needed. We made disputes available online. We are hoping in the next few years there would be competition among lenders and adjust interests to low ones because there are a lot of good borrowers. Financial experts say that in order for an economy to grow you need credit data and information. Who can access data? Only for those submitting data, special accessing entities and data subjects (borrowers). Retention period for negative information on database is 3 years. This does not apply to the Philippine Data Privacy Act. Factors are history of payment, is it on time, or have you defaulted? The credit report also is part of it. We highly encourage you to check our website mentioned earlier.”

It was a lot to swallow but we all got to understand the few things which makes lending money and investments a huge matter which we all should be educated about. We all have obligations, pretty soon all these credit scores will matter (it actually does). So make sure if you are borrowing money, pay on time!

Home Credit Reaches 3 Million Customers

I’m sure you’ve all heard about Home Credit, where Filipinos can now have access to credits and loans at very friendly interest rates even if you don’t have a credit card. To celebrate this momentous occasion, they want to make it even more special for their 3 Millionth customer by giving them 5,000 worth of gift certificates and waiving off everything on their loan last July 26, 2018. This happened in SM Megamall's Appliance Center and we followed the Home Credit Executives and personnel to surprise the 3 Millionth customer.

The winner is an elderly couple (Virginia and Elmer Dela Torre) who prior to this purchase just only wanted his wife to watch Teleseryes conveniently in a big 50 inch TV - and they didn’t hesitate to get the offer through Home Credit because of it’s affordable installment scheme. Do you know how convenient it has become for people who do not have credit cards these days because of Home Credit?

The couple now has a brand new TV, plus all their installment payments for the next few months have all been waived! After being approved for the credit, they were suddenly surprised by media and the executives of Home Credit Philippines. That TV costs around 27K, plus the couple now has 5,000 worth of gift certificates which they said they will use for groceries.

They went home VERY happy, congratulations and I hope they do enjoy what they purchased through Home Credit. If you want to know more about how YOU can also purchase through Home Credit, check out their contact details through Facebook or their official website HomeCredit.ph.

KUMAGCOW

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Bill Consolidation for your Bad Debt

You need help when you've got bad debt!

I am quite familiar with this service. Not that I am actually using it but it seems that other B.P.O. service markets here in the Philippines are also doing bill consolidation. In this day and age, loan modification is much of a normalcy term in the eve of the supposed credit crunch. This will definitely organize some Americans who are in very bad personal debt.

Credit companies who have given ratings to the most promising banks are now suffering because they gave triple AAA ratings to ones who had too many local debts. The world is suffering now because of their policy mistakes. I'm quite sure some of their executives and board members even earned a lot and took advantage of things like this. Plans now to salvage what is left of their assets and save non performing investments to sell them is being done. The whole banking sector is in a scuffle to remain alive using the funds to be allocated by the US government as part of the billion dollar package/bailout plan. Automakers are also trying to find parts of that same fund to allocate to its ailing companies. Names like General Motors and Ford are not going to survive this year to pay off their operational costs if an additional bailout package discussed in the senate does not pass US funds they need from the national budget. They really need this just to survive this year but from what I've heard congress did not pass this legislation. It is evident that they have to take care of what they can include in this debt settlement. A non profit debt consolidation company is ready to help to fix your problems now from http://www.billconsolidation.net. The only thing you'll be given free advice through their own certified credit counselors standing by. They'll fix your personal loans and have them on a low monthly payment scheme with no premise of getting new loans.