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Maintaining credit health during this pandemic is key

When borrowers honor their obligations, there’s no reason to see credit in a bad light, especially as it helps the economy grow faster this way. But how do you manage credit in the middle of a pandemic?

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Keeping your physical and mental health in check during the COVID-19 pandemic is crucial, but global information and insights provider TransUnion emphasizes that financial health must not be set aside. For most people, this generally entails having a steady flow of income, looking after any savings, and maintaining bill payments and other financial commitments.

But with the severe economic impact of COVID-19 globally, this isn’t always possible and it is vital that consumers truly understand how certain aspects of finance work to find or even create opportunities amid these difficult times.

There is no standard measure of financial health as each person’s circumstances are unique, but there is one aspect to finance that is often misunderstood, and that is credit. Credit is an important part of the economy because it allows entities and consumers to engage in transactions now that may not be possible if they only rely on their current capacity.

Anyone who has a credit card, loan, bank overdraft, or other similar credit agreements has a credit report – a record of how they manage their credit obligations, collected and aggregated by credit agencies like TransUnion. When borrowers honor their obligations, there’s no reason to see credit in a bad light, especially as it helps the economy grow faster this way. But how do you manage credit in the middle of a pandemic?

“A healthy credit history can help determine a consumer’s ability to access financial products and their ability to get competitive deals. At TransUnion, we are working with financial institutions to help them better understand consumers so they can continue to provide them with the financial services they need. TransUnion’s data quality assurance team stringently reviews credit data contributions and ensures that consumers are being accurately represented so their access to financial services remain unhampered during the challenges presented by COVID-19,” said Pia Arellano, TransUnion Philippines president and CEO.

Regulatory and institutional safeguards notwithstanding, there are a number of habits that consumers can practice to maintain good credit health even amid a pandemic.

1. Pay bills on time

Make it a point to not miss any payment deadlines, even if you can only pay the minimum amount. Automate it if possible or set alarms if you must. The purpose of a credit report is to help lenders see whether or not you miss payments and predict a behavior pattern for the future.

There are grace periods accorded to consumers during the pandemic, so it’s best to be aware of the policies implemented by your bank or financial institution for your convenience. Depending on your case, you may need to contact them directly to arrive at a repayment plan that suits your needs at present. However, if you can pay as soon as the bills come in, do so and you’ll have less to worry about.

2.  Set a budget and stick to it

The economic impact of COVID-19 is likely to extend over many years and having the discipline to stick to a budget and not over spend now will benefit you in the long run. In addition, do not apply for several new accounts at a time. Having a lot of simultaneous inquiries on your credit report worries lenders as it is a sign that you might be using credit and loans to supplement your income because you are spending beyond what you can actually afford.

3. Maintain low balances

Credit cards are considered “maxed-out” when you have spent 90% or more of the credit limit. When you maintain lower balances, lenders view you as someone who uses their credit responsibly. To achieve this, you should be able to pay your bills in full, on time, every time.

4. Build a strong relationship with lenders by being a responsible borrower

Lenders recognize that with higher credit limits comes increased responsibility. Credit limits tend to be reflective of both your wider financial standing as well as historic account conduct. A high credit limit reflected in your credit report can signal to lenders that you are a trustworthy candidate for new lines of credit. Should an unprecedented event such as this pandemic arise, you know that you’re in a position to access financial products at competitive interest rates if you need to.

5.  Beware of phishing and other scams that proliferate even during crises

A recent TransUnion report found that fraudsters are decreasing their schemes against businesses but increasing COVID-19 focused scams against consumers online. With the rise in digital transactions in banking, make sure you do not fall victim to fraud activities like account takeover or unauthorized account opening schemes that can taint your credit report. As a general rule, steer clear of offers that sound too good to be true. Legitimate financial institutions can never provide miraculous results in the short-term.

Other precautions include doing a regular review of your bank accounts for any suspicious activity, never providing sensitive information such as PINs and One-Time Passwords, and keeping your information secure against phishing attacks. It’s worth looking into password managers and updating your passwords on your bank accounts every so often. If you need to communicate with your bank, stick to its official channels.

6. Contribute to a savings fund

Building an emergency fund is generally considered good practice in your overall budgeting and serves to keep your credit health in check as well. Having enough funds on hand will help cover credit obligations, keeping you in good credit standing until you recover and things stabilize again.

Navigating the road to economic recovery

Build and keep the above-mentioned habits and you’ll maintain a good credit standing and overall financial health. Now, what should you do if you still cannot pay your bills at this time due to sudden loss of income or other extreme circumstances?

Consumers should coordinate with their bank or financial institution to explain their situation. Generally, consumers can request a payment holiday, lowering of monthly payments until they have fully recovered, or restructuring of a loan or credit facility for a smaller payment amount and longer tenure. Needless to say, it helps if you are in good credit standing to begin with.

As a seasoned and trusted global data steward, TransUnion recognizes its unique position to help consumers as they pursue economic recovery by helping financial institutions address current uncertainties using the power of information. Building on its database of 25 million account points that features a more holistic and insightful view into consumer behavior, TransUnion has started harnessing trended data that looks at richer information from a longer period of time (24 months payment history) to determine a consumer’s current and likely future financial situation. This, in turn, gives businesses quality information to continue supporting customers even in uncertain times such as the pandemic. When done right, everyone contributes to helping the economy bounce back stronger.

“We’ve been called to do bayanihan to recover as one, which essentially recognizes the need for us to work together to fully address current financial challenges. Our mission at TransUnion is to use the data that we have to help businesses and consumers make smarter finance decisions, especially during difficult times like this pandemic. We hope to continue creating a virtuous cycle of empowered businesses that empower consumers to gain access to financial services which can uplift their lives and financial health, as we believe this contributes a great deal to their physical and mental well-being too,” said Arellano.

BizWiz

Focus on service: Lessons from Caltex station employees

All work—regardless of the profession or industry—serves a deeper purpose in society for as long as it is done with integrity and passion.

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All work—regardless of the profession or industry—serves a deeper purpose in society for as long as it is done with integrity and passion.

Caltex Philippines honors the honest work of its station customer service representatives nationwide, who have committed each day to serving Filipino motorists with precision and care.

Alkindar J. Amil

For Alkindar J. Amil, his job at a Caltex station in Zamboanga City is more than just a routine –but a commitment to continue his father’s legacy of humble service.

Back in 2018, Alkindar began working as a customer service representative (CSR) after his contract at a government agency had expired. This career shift allowed him to walk in his late father’s footsteps, a pedicab driver who had served their community for 20 years. “Nagturo siya sa akin na walang maliit na trabaho, basta marangal. (He taught me that no job is too small, as long as it is honorable),” he reflected.

As the station’s supervisor, Alkindar wakes up at the crack of dawn to head to the station. There, he endures the intense heat and long hours on foot, all while serving motorists with a genuine smile. When asked how he gets through these challenges, he answered that he gets by with the help of his late father’s positive mindset.

Luckily, these efforts do not go unnoticed, as Alkindar has had customers thank him for his selfless service. In fact, he had recently gone viral for explaining fuel price fluctuations to motorists, with many thanking him for educating viewers on the complex issue. “May mga customer na nagsabi sa akin, ‘Hindi basehan ang diploma, kundi diskarte sa buhay ang mahalaga para matulungan mo ang iyong pamilya.’ Simpleng salita lang ito pero tagos sa puso at sobrang makabuluhan. (Some customers have told me, ‘A diploma isn’t the basis for success, as what truly matters is your resourcefulness to help your family.’ It’s a simple statement, but it really touches the heart.)”

Now in his eighth year at Caltex, Alkindar wants to pass down the values of humility and perseverance to his own child –just as his own father taught him. “Nais kong maituro sa aking anak na huwag maging mapagmataas. Dapat laging mapagpasensiya at dapat pantay-pantay ang tingin mo sa iyong kapwa. (I want to teach my child not to be arrogant. They should always be patient and treat everyone as their equal.)”

Henry John T. Abonero

Despite working in Caltex for less than a year, CSR Henry John T. Abonero has used his experience to serve motorists south of the Metro. He began working as a trainee at Caltex Magallanes in February 2026 before getting absorbed as an employee two weeks later.

Henry’s purpose of working at Caltex is simple: he wants to serve motorists by assisting them in refueling and providing reliable customer service. However, he admits the job can be quite taxing, especially when dealing with customers in a rush.

When Henry must deal with an impatient motorist, he always takes a deep breath and keeps his cool. That way, he can calmly and efficiently help his customers find a solution to their needs. “Sa trabahong ito, kailangang marunong kang makipag-usap nang maayos at maging mahinahon sa salita. (In this kind of work, it’s important to communicate clearly and be careful with your words.)”

It is through simple acts like this that Henry finds pride in wearing his Caltex uniform. After all, his uniform acts like a badge of honor for his daily service. “Araw-araw kong pinagmamalaki ang aking uniporme dahil simbolo ito ng aming tapat at totoong serbisyo. Ang importante lang dito ay ginagawa mo nang tama ang iyong trabaho nang walang naaabalang ibang tao. (I take pride in my uniform every day because it symbolizes our honest and genuine service. What matters most is that you do your job properly without inconveniencing others.)”

Joseph Nacion

What began for Joseph as a job to support his family soon became an opportunity to exemplify Caltex’s brand of customer service. As one of the CSRs in Caltex’s flagship station at Bonifacio Global City, Joseph always goes the extra mile in his work—from meticulously checking the accuracy of each tank refill, cleaning the station’s premises, to producing accurate sales reports at the end of the day.

Despite the heavy workload, Joseph quickly learned to be an all-rounder in his job by closely following standard procedures, staying focused during his shift, and being open to his supervisor’s feedback. His efforts have paid off, with some customers recognizing his keen eye for detail.

For instance, Joseph recalled a time when a customer was rushing to refuel their car. However, he noticed that their requested amount did not match the amount indicated on their vehicle’s sticker and patiently explained why this could cause misfueling.

He recalled, “Noong nangyari ito, kinausap ko siya nang maayos at ipinaliwanag ang risk ng misfueling. Medyo naiinip siya noong una, pero kalaunan na-realize niya ang mali at nagpasalamat pa. (During this moment, I patiently explained to them about how this could cause misfueling. Although they were initially a bit impatient, they soon realized why I pushed back on their request and even thanked me for it.)”

In the end, Joseph tells motorists that he, along with his fellow CSRs, will always be there to help them drive safer and longer journeys. He added, “Hinihikayat ko rin po silang maging patient at understanding lalo na kapag busy hours, dahil ginagawa po namin ang best namin para mas mapagsilbihan sila. (I would also like to request that customers remain patient and understanding with us, especially during our peak hours, as we are doing our best to serve them in any way we can.)”

Alkindar, Henry, and Joseph are among the thousands of Filipino CSRs who remained loyal to Caltex’s mission of bringing high-quality fuels and world-class services to motorists nationwide.

Chevron Philippines Inc. General Manager and Country Chairman Pongtorn “Bon” Tangmanuswong said, “We are incredibly grateful to Alkindar and Henry and all our customer service representatives who have made refueling a more valuable experience for our customers. Thanks to them, we have more people who exemplify Caltex’s values and mission to bring quality, affordable, clean energy to areas where it is needed the most.”

He added, “More importantly, we will continue empowering our people by recognizing their wins, supporting their efforts to innovate each station’s services, and providing them with much-needed growth opportunities.”

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BizWiz

Empowering the next wave of Filipino freelancers in Pampanga

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At a time of rising costs and economic uncertainty, freelancing has emerged as a growing source of opportunity. As more Filipinos turn to freelancing as a viable long-term career, many are adopting digital tools like the GCash Virtual US Account to simplify cross-border payments.

Recognizing this, the GCash Freelancer Connect, a series of community events designed to bring freelancers based in different cities in the country, made its way to Pampanga for its first regional leg. Attendees gathered to learn from speakers KD Creatives and Dani Jacobe, who led practical sessions on how to diversify income streams, charge more competitive prices, and build greater financial confidence with the support of tools like GCash. Here are key insights shared during the event:

1. Strong relationships create steady opportunities

With more Filipinos entering the freelancing industry, standing out has become a bigger challenge. For Dani Jacobe, building meaningful connections – and knowing how to communicate value clearly – makes all the difference.

“Your goal is not just to find one client. Your goal is to build a system that helps you keep finding and serving clients,” she shared.

What she has learned over the years is that outreach should go beyond simply introducing one’s services. Freelancers should learn to identify problems, offer clear solutions, and create opportunities for intentional conversations from the very beginning.

“Your skill becomes more valuable when you connect it to a specific business need,” she added.

2. Be confident in your worth

For Kyla Dizon, the journey to becoming “KD Creatives” didn’t happen overnight. Before building her online community around content creation and offering digital guides and advice through her platform, she experienced self-doubt and pressure as a young freelancer. One area where that hit hard was in communicating her value to potential clients.

“The truth is, a lot of freelancers are incredibly talented, but still undercharge because they haven’t fully recognized the value of what they bring to the table,” she explained.

The turning point came when she stopped pricing from a place of fear or being scared that clients would walk away because she’d be too expensive and instead, began pricing from a place of confidence. But that confidence, Kyla noted, came only once she fully embraced her personal brand as a freelancer.

“Now, I approach pricing differently — not based on fear, but on the value and experience I know I can deliver,” she explained. During the Freelancer Connect, she urged attendees to use a pricing matrix, which she has made available online, to accurately determine how much they should charge clients for the services they offer.

3. Receiving payments should not feel complicated

Another common challenge freelancers face is receiving payments, especially from overseas clients, where the process is often inefficient. To address this, GCash has introduced the Virtual US Account, a feature designed to make receiving USD payments easier.

Users can now receive USD transfers directly from US-based clients using their own routing and account numbers, similar to a traditional US bank, within the GCash app. This feature helps freelancers avoid unnecessary deductions, hidden fees, and lengthy transfer processes, while also ensuring competitive forex rates. Users can convert their USD to PHP when it is most favorable for them – they have full control of when they want to withdraw it into their GCash e-wallet.

“We want to ensure that freelancers in the Philippines can receive and manage their money in the most convenient way possible and in a manner that ensures they don’t lose so much of their hard-earned cash. Once in your Virtual US Account, you can access and manage your earnings instantly inside the GCash app – whether that’s converting to PHP, paying bills, buying load, or even growing your wealth through our financial services,” shared Sophia Sison, Product Manager under the International Business Group at GCash.

Create your Virtual US Account today

As freelancing continues to grow across the country, GCash hopes initiatives like the Freelancer Connect can help create more spaces where freelancers feel supported — not just financially, but as a community navigating a rapidly changing world of work together.

Creating your Virtual US Account is easy:

  1. Open the GCash app – Tap US Accounts in the Explore the App section
  2. Tap Continue and verify your information
  3. Complete your account creation

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BizWiz

3 Lessons from women who successfully built careers in freelancing

Freelancers face inconsistent income, unpredictable clients, and little guidance on how to navigate it all. For longtime freelancers Mia Juan and Dana Novales, building a career online has meant learning these lessons in real time.

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 Earning through freelance work has never been more accessible. With a stable internet connection and numerous job platforms, opportunities can come from anywhere – and for many Filipino women, they do. A 2020 study by the Philippine Institute for Development Studies (PIDS) showed that an increasing number of women are engaging in online work because it lets them earn while balancing home responsibilities.

But access doesn’t always mean ease. Freelancers face inconsistent income, unpredictable clients, and little guidance on how to navigate it all. For longtime freelancers Mia Juan and Dana Novales, building a career online has meant learning these lessons in real time. With more women entering the freelancing field, they share three lessons they’ve learned:

1. Build real relationships, not just transactions.

Freelancing can make work feel transactional. You get assigned a task, submit the work, get paid, and then move on. But the most successful freelancers don’t treat work that way. In such an unpredictable field, being remembered matters.

According to Dana, “Real relationships are built on service, not strategy.” Every “Well done!” or “Good work!” can open doors to new opportunities, so don’t waste them. Instead, take an extra step to establish a real relationship with your clients: check in, understand what they need, and find ways to make the process easy for them.

2. Set up systems that work for you.

Handling different clients with different ways of working can get overwhelming fast. For Mia, having systems for your workflow simply makes this easier and helps manage client expectations.

That can be as simple as being clear about what services you offer. “It’s basically saying this is what I can offer and setting a clear boundary of what you do not do. That way, there is no miscommunication of responsibilities, which happens commonly in freelancing work,” she shares. It also helps to have a proper onboarding flow – having contracts, timelines, and payment terms in place before you start, not while you’re already in the middle of the work.

3. Find solutions that work for your peace of mind.

Some challenges only appear once you’re in the midst of them, and for many freelancers, realizing that foreign payments come with fees, delays, and uncertainty is when freelancing starts to feel stressful.

“Earning in USD sounds exciting–until fees, forex, and delays eat into your income,” Dana points out. She shares that this is something she wishes she had known earlier in her freelancing career. “That’s why there is importance in having the right structures in place, especially if you’re a mom who has to think of managing your home, paying your bills, among many other responsibilities.”

That’s why Mia and Dana now use the new GCash Virtual US Account, a feature within the GCash app that lets freelancers receive USD payments from US clients more directly without the usual surcharges. After creating an account, you get your own ACH and Wire Routing Number, which you can give to your clients for direct deposits of your pay.

You can also choose to convert your USD to PHP when you want, depending on live forex rates, which you can see on the platform – giving you control over how much you actually receive. Once it’s in your wallet, you can use it to send money, pay bills, or add to your savings.

Creating a GCash Virtual US Account is easy in just a few steps.

  1. Open the GCash app. Tap US Accounts in the Explore the App section
  2. Tap Continue and verify your information
  3. Complete your account creation

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