Credit solutions company warns public, cites importance of being money ready. With the anticipated spike in Christmas spending, credit solutions firm The Golden Legacy Financing Corporation (TGLFC) emphasized on the importance of being money-ready and advised the public to be responsible in their holiday spending.
With the anticipated spike in Christmas spending, credit solutions firm The Golden Legacy Financing Corporation emphasized on the importance of being money-ready and advised the public to be responsible in their holiday spending. Not to resort to high-risk loans to finance their holiday splurges.
Cuyegkeng added that aside from the increase in consumer spending due to the Christmas season, the revenge spending that has come after the pandemic continues to hamper efforts of Filipinos to be more financially prepared for emergency expenses. Cuyegkeng advised the public that turning to high-risk or non-SEC-registered loan providers to fund Christmas celebrations is highly discouraged as it of leads to unclear terms and conditions that can trap individuals in a serious cycle of debt.
Credit solutions, he adds, not only help people to be financially ready when emergencies or unexpected expenses strike but these could also help them build their dreams like having capitalization to start their businesses, pursue further studies, and quickly address costs on medical and other emergencies.
With TGLFC’s Credit Model, customers who gets to pay at least half of their loan amount, can easily qualify for a re-loan, offering a more credit-like experience compared to traditional loans.
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