No matter how much you try to budget your money every month, life can still throw curveballs at the most unexpected times. We asked some of our friends if they have ever experienced running out of money before payday that they weren’t able to pay for their necessities anymore, and here are some of their real-life stories:
“I’m usually a good budgeter. ‘Yung tipong every month, I know exactly how much money I need and I’m never short. Pero may one time, ‘yung client ko nasa ibang bansa and hindi niya mapadala ‘yung suweldo ko. Ang ending, wala akong pambayad ng mga bills ko so umutang talaga ako sa friends ko kasi wala na akong choice. Pero hiyang hiya ako nun, promise.” – Tim L.
“I remember a time during petsa de peligro when my dog got sick and sobrang nagpapanic na ako kasi nga, hindi ko ineexpect so wala akong naka-allot na budget for his meds. I knew I could wait a few days but as a praning fur mom, the panic took over and I wanted to resolve it right away. Buti na lang may rich friend ako that I could borrow money from lol pero ang hassle pa din because naisip ko… what if she wasn’t around, gets?” – Anna C.
Generally in life, unexpected expenses may pop up that require a little extra cash; and this can be stressful, especially during petsa de peligro, when you’re so close to getting money but aren’t quite there yet.
Photo by Nicola Barts
GCredit: Your Flexible Financial Friend
GCredit, powered by CIMB, is an always-ready credit line offered by GCash that allows you to borrow money for various expenses with flexible payment terms. It’s like having a trusted friend who’s always there to lend a helping hand when you need it most.
Here are some ways GCredit can help you navigate everyday life:
Bills Payments: GCredit can be used to cover unexpected expenses or bridge gaps between paychecks, ensuring timely bill payments and avoiding late fees.
Groceries and Food: GCredit can help you manage your grocery and food expenses by providing a flexible line of credit for purchases.
Pharmacies: GCredit can be a lifesaver in medical emergencies, providing immediate access to funds for essential medications.
Unexpected Medical Emergencies: A sudden illness or injury can disrupt your budget. GCredit can help cover those unexpected medical bills, from consultations to medications.
The GCredit Advantage
- Flexible Payment Terms: With a credit line of up to Php50,000, GCredit provides the flexibility to cover various everyday expenses like bills payments, online shopping, and in-store purchases through QR transactions.
- Easy Application Process: GCredit streamlines the borrowing process by eliminating the need to disclose income, submit supporting documents, or provide collateral. This makes it easier and faster to access funds compared to traditional loan applications.
- Competitive Interest Rates: GCredit offers a competitive interest rate with daily prorated charges as low as 0.17%. This means that borrowers pay less interest the sooner they repay their loans, making it more cost-effective.
- Flexible Repayment Options: The Minimum Amount Due feature allows you to make smaller payments, as low as 10% of your outstanding dues, on your billing or due date. This provides greater flexibility in managing repayments and avoiding late fees.
How to Qualify for GCredit
You may be eligible for GCredit if:
- You are a Filipino citizen
- You are 21-65 years old
- Your GCash account is fully verified
How to Use GCredit
On the homepage of the GCash app, click on Borrow and then GCredit. If you are qualified, you’ll see the credit limit available to you. If not, the app will give you tips on how you can unlock the service.
If you qualify, you will receive and SMS and then you can follow these steps:
- Confirm your email address
- Confirm your personal information and other details
- Review and submit your application
After that, GCash will confirm the activation of your GCredit and you’ll get a confirmation via SMS and email as well. It’s that easy.
GCredit is more than just a credit line; it’s a helping hand when you need it most. Whether you live alone or are the head of the household, you can use GCredit as an immediate fund for errands, groceries, and bills payments as needed.
Keep in mind though that GCredit is a financial tool, so use it wisely and responsibly. Borrow only what you can comfortably repay, and always make sure to understand the terms and conditions before borrowing.
Personally, we’re so thankful to GCredit for giving us an easy way to borrow money without judgment and pay on our own terms. Have you tried GCredit yet? Share your experience with us.
