Here’s why your GCredit account has been permanently revoked
GCREDIT ACCOUNT – This article will teach you about the reasons why your GCredit account has been permanently revoked.
A GCredit is a revolving credit line of up to PHP 50,000, allowing you to instantly pay at more than 100,000 stores and billers at a later date with no additional requirements. With this credit line, there are zero processing fees and you will only need to pay the amount you borrowed in GCredit and the interest fee.
But when your GCredit account is permanently revoked, you will not be able to reactivate your account and you will no longer be allowed to use it for future transactions. However, you can still pay for your GCredit dues even if your account has been permanently revoked.
Here are the reasons why your account has been permanently revoked:
- Foreign national. Your account will be permanently revoked if you are a foreign national because this credit line is only available for Filipinos.
- Outstanding GCredit dues 3 months past due date. Your account will be permanently revoked if you don’t pay your dues within 3 months past your due date.
- Maximum age requirement – If you have an existing account, it will be permanently revoked once you are 65 years old.
According to GCash, your GCredit account will be permanently revoked if you have unpaid dues for more than 90 days (or 3 months) from the due date. Even though you will not be able to reactivate your account, you will still need to pay the total borrowed loan amount, total interest incurred, and total fees.
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