Photo Credit: CCAP

Still wondering how to settle your credit card debt with your bank or banks? If you have more than one credit card and you want to consolidate your payments, you may need the help of the Credit Card Association of the Philippines (CCAP). Watch the video below for more information:

IDRPAre you financially distressed and buried in credit card debt due to the factors beyond your control? We’re here to help! The Credit Card Association of the Philippines, Bangko Sentral ng Pilipinas, and participating banks launched the Interbank Debt Relief Program. Watch this video to learn more about the program.

Posted by Credit Card Association of the Philippines – CCAP on Tuesday, 7 June 2016

Basically, this Debt Relief Program allows credit card users to sustain paying the account and prevent further delinquency. “To enroll in the program, CCAP will review the debtor’s financial capacity. The repayment period is up to 10 years for “severe cases indebtedness” with a low rate of 1.5 percent per month or lower depending on the profile of the customer, debt to income ratio and completion of documents required for the program.  The participating banks may also have the option to disapprove application for customers who misused and abused the credit facility granted by the banks, said CCAP.

Based on a statement, CCAP said that as part of the guidelines of the program, all existing credit cards of the customer will have to be blocked or cancelled upon enrolment of the accounts to the program.

Rebates and rewards earned will also be forfeited. “Additionally, customers cannot apply for new credit facility with the participating banks while the accounts under the IDRP are not yet fully settled.” – Source:

CCAP presently includes as members Asia United Bank, Bank of Commerce, Bank of the Philippine Islands, Citibank, China Banking Corp., Eastwest Banking Corp., Equicom Savings Bank, HSBC, Maybank, Metrobank Card Corp., Philippine National Bank, RCBC Bankard, SB Cards Corp., Standard Chartered Bank, and Union Bank of the Philippines.

What is the first step? Call your bank and ask them about IDRP!

To learn more, you may visit the CCAP at their Facebook page and website:
Facebook Page:

Related Post: How I Settled My Credit Card Debt

5 thoughts on “Get Help From The Credit Card Association of the Philippines – CCAP”

  1. i am a credit card holder before,and i have unpaid dept since 2014…and i want to settle it now…because there is calling me saying that he is attorney saying that the bank paid a tabloid to publish my name due to my issue w/ the credit card dept.i feel harassted and he said if i paid him the case will be concern is they should send me first a letter for me to know.i am confuse now pls help me w/ this issue… what would i do?thank you!

    1. Hi Alice,

      If you want to settle, I suggest that you call your bank directly. They should be able to assist you. Be nice and tell them that you are willing to settle, and ask for your options.

      Banks do not publish names of defaulted credit card holders; those are just one of the many forms of threats that debt collectors use to force people to pay.

  2. Hi, I am a victim of credit card scam. My credit card was used for online shopping which I definitely did not authorize. I want to seek your assistance in this regard. Kindly advice what to do. Thank you.

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