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Home Credit Hits Its Mark! 500k Customer Milestone Reached
29.11.2016

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Home Credit Hits Its Mark! 500k Customer Milestone Reached

Published on 29.11.2016

 

Half a million customers—check!

With more than a month still remaining in 2016, Home Credit Philippines has achieved its number one objective for the year, as the company now has a customer base of 500,000.

The half-million milestone is without a doubt the highlight to Home Credit’s fast rise in the country since its launch in Manila in 2013. After gaining an initial 100,000 customers in its first two years in business, HCP’s customer base skyrocketed, with 400,000 new customers added in the last 13 months alone. Along the way, HCP established its presence in new areas, and is now in 19 provinces outside of Metro Manila, with many more lined up in coming months.

HCP’s tremendous growth can be attributed to four “keys”: key places reached, with Baguio and Naga as some of the recent additions; key products offered, such as our 0% loans; key partnerships with both top retailers and producers such as OPPO; and key people—with everyone from the organization, especially the hardworking sales associates in our front line who directly engage customers, playing a role in our success.

To celebrate the milestone, Home Credit held simultaneous celebrations in all our offices throughout the country, as employees shared food and exchanged congratulations.

But with all of Home Credit’s milestones so far, we continue to believe that our success is all about the customer—continuously improving the overall customer experience, promoting financial literacy, and ensuring financial inclusion.

As Annica noted, “A huge majority of Filipinos still have little to no access to financial tools and services, which can have a profound impact on how they live and enjoy their lives. We want to change that.”
And we will. Congratulations, Home Credit Philippines!

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Home Credit And Argomall Partner Up For The First Online Installment In The Philippines
28.11.2016

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Home Credit And Argomall Partner Up For The First Online Installment In The Philippines

Published on 9.11.2016

 

Home Credit, a consumer finance company, has partnered with argomall.

Taguig, November 7, 2016 — Home Credit, a consumer finance company, has partnered with argomall to pave the way for a better shopping experience.

Argomall is the first online store in the Philippines to offer Home Credit to its consumers who would prefer managed spending through installments, without the use of credit cards.

“We are happy to be partner with argomall in this initiative, as we continue in our efforts to reach out and provide the best possible experience to our customers,” remarked Daniel Brodan, Home Credit Philippines’ (Customer Experience) Leader. “Through this partnership, availing of your desired gadgets at affordable installments is easier and faster than ever.”

“It’s a big step forward,” says Chief Argonaut Karel Holub. And it is, indeed. argomall is currently the first online store to offer Home Credit to its consumers who would prefer managed spending through installments, without the use of credit cards.

Initially available within Metro Manila, shoppers can now avail their gadgets at argomall where will be able to apply for Home Credit Installments and see affordable installment plans. With argomall’s mission to make shopping for your latest gadget as easy and as convenient as possible, Home Credit’s aim complements it greatly: allowing more shoppers to purchase gadgets they need and want by availing Home Credit Installment which is easy, simple, and fast.

Everyone can apply through argomall as they go through checkout, choosing “Apply for Home Credit Installment” as their payment method, which they will then fill out a form provided by Home Credit. Once they are accepted, argomall shall contact them, where further instructions (such as signing of the contract and picking up the gadget will be given).

Home Credit is first established in the Philippines in 2013, and has already served almost 200,000 consumers who have purchased products ranging from flat screen TVs, to smartphones, and home appliances. Home Credit Philippines is a part of global Home Credit Group, an international consumer finance provider with operations in 11 countries across Europe, Asia and North America. Home Credit Philippines is headquartered in Pasig City, Metro Manila, total employee strength is over 1,300 and keeps growing.

Argomall launched its service in November 2015, initially offering fast delivery of smartphones to consumers in Metro Manila with guaranteed 48 hours’ lead time. At argomall you find all the brands of smartphones (and other related items like tablets, laptops, audio and accessories) and all of them are brand new and under official manufacturer warranty in the Philippines. Simply argomall aims to make your new smartphone shopping journey as easy and comfortable as possible.

Resource: Home Credit And Argomall Partner Up

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How to Mess Up Your Credit Score
07.11.2016

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How to Mess Up Your Credit Score

Published on 7.11.2016

 

You might not be aware of it, but there is such a thing as a credit score.

Just like how the success of your Facebook posts can be gauged by the reactions of your followers, credit scores are indicative of your performance when it comes to repayment of loans and debts.

While the number of your followers and level of engagement shape your social media standing, lenders look to your credit score to determine if they should lend you money, or allow you to take out loans so that you can afford the things you need. These can range from items such as gadgets and appliances, to bigger investments such as cars and houses.

In the Philippines, the Credit Information Corporation (CIC), a government-owned and-controlled corporation, helps financial lenders secure reliable information on potential clients’ credit usage and previous payment activities. This is how lenders consider your capability to fulfill loan agreements and adhere to payment schedules.

This said, your credit score affects your chances of getting a much-needed loan approved, or whether or not you can get that smartphone you’ve been dreaming of on installment. The worst thing you want to have is a bad record, and here is what you should avoid if you want to keep an excellent credit score:

Spending beyond your means. Define your needs and wants, and only purchase the things you can afford. Also, evaluate your cash flow and only take out loans that you are confident you can repay.

Missing Your Payment Due Dates. Plan and set your priorities, as your credit score drops every time you miss a payment deadline. Remember that the later you pay, the worse your score can get. If you can’t help it, it might help to reach out to the lender and strike a compromise.

Accumulating debts. Make sure you always keep track of the loans you have and your agreed payment terms. Keep your debts low and within your spending capacity, because doing otherwise gives the impression that you cannot manage your finances properly.

Being inconsistent with your payments. Payments should be made on time on a regular basis to show that you are responsible and trustworthy. Consistency is key. Sometimes paying on time and sometimes missing the deadline is not good for your credit score.

Running away from bills and debts. Always accommodate calls, emails and other forms of communication from your lender. Ignoring these would also result to a bad credit rating as this can be taken as a sign of delinquency on your end.

Defaulting on loans. Always keep your end of the bargain, because defaulting a loan shows that you are not capable of fulfilling your responsibilities under the loan contract.

It is never too early to start building your credit history. If you are a first-time borrower, Home Credit, which provides non-bank loans on affordable installments, might be an ideal option in starting your credit history. The requirements for these gadget and small appliance loans via Home Credit are minimal, and the application process is not as difficult as other similar services. The company also has a system in place that helps determine the payment schemes that match your monthly capacity and remind you of deadlines that can aid in managing your finances properly.

The longer your credit history, the better for your credit score. So even if you think you don’t need it now, consider building and maintaining a good credit score as early as possible and make sure you remember these tips to keep your records excellent. You’ll never know when you might need to take out a loan.

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