TransUnion PH, Lista join forces to offer easier credit report access

I show You how To Make Huge Profits In A Short Time With Cryptos!

Global information and insights company and the Philippines’ first comprehensive private credit reference agency TransUnion announced a strategic partnership with Lista, one of the fastest growing financial management apps in the Philippines.

The partnership harnesses TransUnion Philippines’ database of consumer borrowing data, using its advanced scoring models to assess their risk profiles and present a credit score and credit report. The service is now easily available to Filipinos anywhere, anytime in the country, on Lista’s mobile portal.

A healthy credit score is a powerful financial tool that influences everything from the interest rates lenders offer and the credit lines they extend, to the decision to approve or reject a loan application. It affects a consumer’s ability to secure a mortgage, finance a car, or even start a business.

Credit card payments in the Philippines are expected to rise by 17.2 percent this year to P3.4 trillion , made possible by considerable growth in the number of Filipinos who hold credit cards.

According to TransUnion’s latest Credit Perception Index, 40 percent of Filipinos now own credit cards – a 15 percentage point increase from the same time last year. The index also showed that Filipinos intend to take better control of their financial situations, with 72 percent planning to access more educational materials in the next year.

Credit reports can help consumers be vigilant about potential fraud schemes as well as promote better financial literacy and increased financial inclusion.

“TransUnion is delighted to work with Lista on our shared goal of improving Filipinos’ access to essential consumer credit information,” said Amrita Bhattacharya, chief operating officer for Asia-Pacific at TransUnion.

“At Lista, we are committed to fostering financial literacy by helping Filipinos recognize the importance of fiscal responsibility as early in their financial journeys as possible,” said Khriztina Lim, co-founder and chief operating officer at Lista.

Be the first to comment

Leave a Reply

Your email address will not be published.


*