Managing risk in credit can be a difficult task for an individual, let alone for an agency handling hundreds or thousands of clients. Sometimes, a consultant or partner can oversee and manage a difficult situation more easily than a professional from within. TransUnion of Chicago, Illinois, recently signed with five financial organizations to provide them with client credit information, BusinessWorld reports. TU, a credit information management agency, will process the data of Citibank, Metrobank Card, Banco de Oro Unibank, Bank of the Philippine Islands and HSBC. By gathering the client data, TU will address the banks' credit risk regarding client credit extension. The compilation of data by TU includes clients' names, home addresses, phone numbers, email addresses, and financial, job and educational history. "Credit information will allow credit providers to make more informed decisions in extending credit and avoid lending to borrowers who are overextended financially," Aurelio R. Montinola III, president of Bankers Association of the Philippines, said in a press conference. "Consumers [would] manage their credit better and responsibly once they have access to their credit profiles."