GScore 101: What It Is And Why It’s Worth Understanding

GScore 101: What It Is And Why It’s Worth Understanding

Spotlight

Transport Coop. Provides More Than 25k Free ‘Green Cards’ For Cashless Transactions

A transport cooperative operating in Las Piñas provides 25,735 passengers with the means to safely board and ride their solar electric jeepneys along the route of Alabang to Zapote.

The Importance Of Deepening Ties And Friendship On Online English Education

51Talk hosts the 2020 Sino-Philippines Educational Exchanges in celebration of the 45th anniversary of the founding of bilateral relations between the Philippines and China.

DBP Backs Public Transport Sector Recovery

DBP is working closely with the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) in finding financial solutions to aid the country's transportation sector due to the difficulties presented by the pandemic.

Many Filipinos find it hard to take out loans in banks and other financial institutions. There are too many requirements, including documents that, ironically, those in most need do not have.

And so, with limited choices in the face of financial emergencies, some would turn to loan sharks who impose hefty interest.

It is because of such gap in financial services that Mynt, the company behind GCash, designed a way to make loans more accessible for Filipinos while at the same time giving them a dignified way to borrow.

GCredit, the country’s first mobile, QR-based credit line, aims to make loans available to everyone. It allows users to pay their bills and buy from partner merchants using credit.
GCredit has over 250,000 credit lines and impressive default rates, reaching underserved sectors.

At the heart of GCredit is the GScore, the first trust-based score in the country. So how does it work? Read on.

The GScore is a 3-digit number that represents a user’s relationship with GCash. The score is based on how users transact with GCash, whether by sending money, buying load or making payments, among others.

One’s GScore is earned through frequency of GCash use: the higher it is, the higher the credit limit.

Maintaining a good GScore is vital in keeping access to GCredit. The credit limit starts at P1,000, but keeping a good GScore gives users a chance to avail themselves of bigger loans.
Another reason to maintain a good GScore is to lower the interest rate, which begins at 5% every 30 days.

GCredit allows users to pay some 400 in-app billers or to transact in over 50,000 GCash QR- accepting merchants across the country.

It’s also easy to pay for GCredit dues. Just pay through “Manage Credit” on the GCash app with your GCash balance or settle in partner outlets such as Bayad Center, 7-Eleven and LBC.

GScore is a unique way of tapping into a credit line because it is not based on documents, but on a carefully studied behavior when using your mobile wallet. You do not need to submit paperwork to prove your ability to pay loans, but through your mobile wallet transactions, GCash can determine your credit worthiness. And it deems every Filipino worthy of credit.

Baguio Sets Cemetery Visit Oct. 17-28

Heads up, Baguio residents! Here's when you can visit the cemeteries this October:

N. Samar Readies Over 14K Food Packs For Villages Under ECQ

Northern Samar prepares food packs for families affected by enhanced community quarantine in Catarman.

Jeremy G Revives ‘Ngayong Pasko’

Release yourself from the pains of the past and listen to Jeremy's 'Ngayong Pasko,' out now on various digital music platforms!

Global Coronavirus Cases Surpass 40M

The number of the COVID-19 cases in the world has surpassed 40 million on Monday.

Pasig River Ferry Service Resumes Operation

The Pasig River Ferry Service resumes operations again!

Calbayog City Extends Food Aid To Villages Under Lockdown

Calbayog City in Samar distributes relief goods to families affected by lockdown due to rising cases of COVID-19.

Mayors Want Metro Manila Under GCQ Until Dec. 31

Anong masasabi mo sa desisyon ng NCR mayors?

Gatchalian Sounds Alarm On Low Teacher Licensure Exam Results

Gatchalian sounds the alarm on the low passing rates of the Licensure Examination for Teachers as he reiterates the need to improve the quality of teacher education and training in the country.

51 Cooperatives Formed Through DSWD’s Livelihood Program

DSWD Secretary Rolando Joselito Bautista lauds cooperatives for providing the much-needed employment and training during the pandemic.

Royal Canin Launches All-In-One Pet Care App In PH

Royal Canin PH launches its rewards program mobile application, Royal Canin Club, which aims to bring credible information and exclusive brand deals and content to pet owners.