Consumers can access and keep track of their credit reports using their cell phones, as credit bureau reports are now available via an app.
Akani Consumer Data Warehouse partnering with Vodacom yesterday launched this new innovation which is now officially featured on the Vodacom App World.
Credit Ombudsman Manie Van Schalkwyk says the credit mobile app aims to provide solutions for the gap between credit providers and receivers.
“It is important for consumers to be updated on their credit profile to avoid being blacklisted. Interest rates are determined by a person's credit profile and if you know your status, you can do something about it,” she says.
“It will effectively resolve disputes between members of the credit industry and credit receivers with regards to credit, credit information and debt counseling matters.
Consumers who download their credit reports through the App will also have the benefit of having their credit profiles monitored by the App.
Director at Akani Consumer Data Warehouse Keystone Sono says this new app will help omit the trend of blacklisting consumers without their knowledge among credit providers.
“The latest technology at your finger tips through mobile credit app will help consumers avoid situations where they are blacklisted,” he says.
This new initiative will benefit consumers from being victims of identity theft where their records show that they are owing money through scams.
Sono says a monitoring facility would be made available to consumers for update notifications.
“Those who have default judgment taken against them will now be able to know the moment the entry is made on their profiles,” says Sono.
“Any query on the content can be directed to the credit bureau for the query to be resolved within 20 days. However, if after 20 days the consumer is still not satisfied, the query will be directed to the credit ombudsman for his intervention.”
The app is currently only available to Vodacom customers using Android, Blackberry, Windows, IOS, Palm, Symbian and Java. However, it will soon be launched for availability to all network providers.
Those using Samsung phones will only be able to download the app from Monday.
Keep up to date with your credit rating profile via an app
Consumers can access and keep track of their credit reports using their cell phones, as credit bureau reports are now available via an app.
Akani Consumer Data Warehouse partnering with Vodacom yesterday launched this new innovation which is now officially featured on the Vodacom App World.
Credit Ombudsman Manie Van Schalkwyk says the credit mobile app aims to provide solutions for the gap between credit providers and receivers.
“It is important for consumers to be updated on their credit profile to avoid being blacklisted. Interest rates are determined by a person's credit profile and if you know your status, you can do something about it,” she says.
“It will effectively resolve disputes between members of the credit industry and credit receivers with regards to credit, credit information and debt counseling matters.
Consumers who download their credit reports through the App will also have the benefit of having their credit profiles monitored by the App.
Director at Akani Consumer Data Warehouse Keystone Sono says this new app will help omit the trend of blacklisting consumers without their knowledge among credit providers.
“The latest technology at your finger tips through mobile credit app will help consumers avoid situations where they are blacklisted,” he says.
This new initiative will benefit consumers from being victims of identity theft where their records show that they are owing money through scams.
Sono says a monitoring facility would be made available to consumers for update notifications.
“Those who have default judgment taken against them will now be able to know the moment the entry is made on their profiles,” says Sono.
“Any query on the content can be directed to the credit bureau for the query to be resolved within 20 days. However, if after 20 days the consumer is still not satisfied, the query will be directed to the credit ombudsman for his intervention.”
The app is currently only available to Vodacom customers using Android, Blackberry, Windows, IOS, Palm, Symbian and Java. However, it will soon be launched for availability to all network providers.
Those using Samsung phones will only be able to download the app from Monday.
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