FinTech credit accessibility to strengthen financial stability among young professionals in Makati: A basis for a credit education program

ABSTRACT: This research explores how easily accessible credit through mobile lending apps affects the financial stability of young professionals working in Makati. In recent years, the rise of digital lending has made borrowing quicker and more convenient, especially for people who may not qualify for traditional loans. The study focuses on understanding whether this easy access to credit helps or hurts young professionals financial situations. Using a descriptive and correlational research method, the researchers surveyed 150 individuals who live or work in Makati and regularly use credit services like mobile loan apps. They looked at how people manage debt, how often they borrow, and whether this relates to habits like budgeting, saving, and investing. The findings show that while mobile credit can be helpful in emergencies, it can also lead to risky borrowing behaviors if not managed properly. The study ends by suggesting that a financial education program tailored to young professionals can help improve how they use credit. By teaching better money habits, this program can help people make smarter borrowing decisions and improve their long-term financial health.

Filipiniana