Terms and Conditions


1. Traffic Control collects from You all data relating to You and provides to Traffic Control's loan providers active in the Philippines market the information relating to You or other data relating to the credit You wish to receive. The provision of such information will facilitate the loan providers to make the appropriate decision about granting the loan and, if so, the terms and conditions.
2. Traffic Control is not able to forward any credit information about you and the loan you wish to receive to your providers unless you fill in all the fileds in the application form.
3. The information provided for in clause 1 must not be sent to all loan providers at the same time, but in the order determined by Traffic Control.
4. The order is determined on several bases. Among other things, Traffic Control employs certain proprietary algorithms to analyze the information received before deciding which loan provider to send the application to first. Such analysis is, inter alia, necessary to help increase the likelihood (by matching personal data with information about the average customer of a particular loan provider, which processing is done automatically) that the first loan provider who receives the loan application from Traffic Control will be the first loan provider to receive the loan application. However, Traffic Control cannot guarantee that.
5. Once the loan provider communicates to Traffic Control about its positive approval sent regarding the loan applicant, Traffic Control will no longer provide this data to other loan providers (even if the loan provider who has approved the application refuses to offer this previously prepared loan or in case when the customer refuses the offer presented by the loan provider). In order to have his application with data forwarded to other loan providers, the user needs to submit his new application. Traffic Control undertakes to remind you within a reasonable time after submitting your application (the reminder will be sent even if the loan has already been granted by the provider who had approved your application: currently Traffic Control is informed in case of granting or not granting the loan by the customer after the significant maturity).
6. You do not need to make any payment to Traffic Control for using this website (www.credy.ph) or make any transfer of the data mentioned in clause 1 to any loan providers. However, in exchange for using this website or requesting Traffic Control to make the transfer of the data mentioned in clause 1 to the loan providers, You agree and expressly consent to Traffic Control's use of this data for promotional or marketing purposes.
7. Loan providers pay Traffic Control for the service of sending applications and customer data.

Using the Service

8. In order to enjoy the services mentioned in these Terms and Conditions, you must duly register as a user on this website.
9. You expressly agree to the conditions set forth in the Legal Information and these Terms and Conditions.
10. Traffic Control may, at any time, without prior notice and without justification, terminate the provision of its services (also delete your account to dispose of it and block your access to the customer area). If this happens, Traffic Control will communicate to you about the cancellation by email.

Your responsibility

You must ensure that all data you enter on this website is true and complete on the day of submitting your application to Traffic Control by asking them to send it to the loan providers.
11. You are responsible for any consequences, including for damages caused to Traffic Control or any loan provider by incorrect data entered on this website.
12. You agree to keep secret the username and password used for the purpose of accessing the customer area of this website. If you believe that your password has been disclosed by any third party, you must change it immediately.

Data protection


13. Any personal data relating to You will be subject to processing carried out by Traffic Control in accordance with the Data Processing Policy and Cookie Policy.

Limitation of Liability


14. To the extent permitted by law, Traffic Control excludes all representations and warranties (whether express or implied by law), including the implied warranties of satisfactory quality, fitness for a particular purpose, non-infringement, compatibility, security and accuracy. Among other things, Traffic Control does not warrant that a credit provider will agree to grant your requested loan or that this website will operate without error or interruption (these examples do not limit the generality of the preceding sentence).
15. No information available or provided through this web site shall indicate any kind of approval or suggestion by Traffic Control asking you to take any particular action (e.g., take a loan) or that any particular service (e.g., granting a loan) available directly or indirectly through this web site is appropriate for you (even if an offer is made to you). The loan providers and you are solely responsible for assessing your creditworthiness.

16. If you have provided all required data (see clause 2), Traffic Control agrees to use its API connections to the loan providers in order to transmit this information to them. However, Traffic Control assumes no liability for failures or damage to such API connections; which could prevent Traffic Control from forwarding the data to one or more loan providers, as well as prevent one or more loan providers from receiving such information, evaluating it or preparing the offer.

17. Traffic Control assumes no responsibility for decisions made by a loan provider on the basis of information sent by Traffic Control to loan providers or on the basis of prior bids prepared by loan providers.

18. Traffic Control disclaims liability under these Terms and Conditions, as well as otherwise in connection with the provision to You of the services contemplated by these Terms and Conditions to the extent permitted by law. In no event shall Traffic Control assume liability for violations of these Terms and Conditions, particularly those that are unintentional (unless local law expressly prohibits such exclusion of liability in consumer contracts). However, none of the exclusions and limitations in these Terms and Conditions shall limit any rights you may have as a consumer under Philippines law which cannot be excluded (such as Traffic Control's liability for death or personal injury due to Traffic Control's act or omission).

Complete the contract


19. These Terms and Conditions (together with the documents to which they refer) constitute the entire agreement between you and Traffic Control in connection with your access to this website and the provision of the services governed by these Terms and Conditions.
20. Traffic Control may at any time modify these Terms and Conditions (as well as any other provision agreed to or governing the use of and access to this web site or that which relates to the provision of the service to You by Traffic Control).
21. You will be notified of any such modification by e-mail within one week (unless applicable law requires Traffic Control to make the modifications immediately). If you approve of such modifications, you may close your account and refrain from using the website in the future.

Governing law and jurisdiction

22. These Terms and Conditions, as well as any other relationship between You and Traffic Control governed by these Terms and Conditions shall be subject to the laws in force in the Philippines.
23. Any dispute between you and Traffic Control arising in connection with these Terms and Conditions or any relationship between you and Traffic Control governed by these Terms and Conditions shall be resolved by the courts of the Philippines