TransUnion Philippines and Lista Forge Partnership for Streamlined Consumer Credit Report Access Aiming to Boost Financial Inclusion through a Simplified Digital Process on the Lista Mobile App
Global information and data leader TransUnion (NYSE: TRU) has teamed up with Lista, one of the fastest-growing financial management apps in the Philippines. TransUnion is the first private credit reference agency in the Philippines to offer a full range of services.
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| TransUnion Philippines and Lista Forge Partnership for Streamlined Consumer Credit Report Access |
TransUnion Philippines' large collection of consumer borrowing data is used by the partnership. Its advanced scoring models are used to look at risk profiles and give a credit score and report. Filipinos all over the country can now easily and whenever they want to use this service through Lista's mobile site.
Partnership Makes It Possible for More People to Get Financial Help
A strong credit score is an important financial tool that affects everything from the interest rates and credit lines that lenders offer to whether they accept or reject a loan application. It affects a person's ability to get a mortgage, pay for a car, or even start their own business.
Credit card payments in the Philippines are expected to rise by 17.2% this year, to PHP 3.4 trillion. This is because a lot more Filipinos now have credit cards. TransUnion's most recent Credit Perception Index shows that 40% of Filipinos now have credit cards, which is 15% more than the year before. The Index also showed that 72% of Filipinos want to get a better handle on their money by using more educational tools over the next year.
Filipinos need to know how to manage their credit and check their credit score and report on a regular basis. Lista makes this easy. Getting credit records on a regular basis can help people avoid falling for fraud, teach people about money, and make sure that everyone has access to money.
TransUnion has been working since 2011 to help Filipino businesses and individuals make smart financial choices by giving them new data and information. Lista's goal is to give Filipinos digital tools and resources to help them get on the path to financial wellness, which is in line with this aim. The main goal of both TransUnion and Lista is to make it easier for Filipinos to get money.
Some important service features of the partnership are:
- A fully digital adventure The Lista mobile app lets users manage their financial information from anywhere at any time. They can check their credit, make payments, and receive credit reports.
- Access to your credit score and report right away It can take as little as five minutes for a customer to request and receive a credit report that includes their credit score. Filipinos can quickly check their credit report, understand their financial situation, and make quick choices based on accurate information.
- Tips You Can Use to Improve Your Credit TransUnion credit reports give people useful information they can use to improve their credit score, learn more about money, and build good credit habits. This gives people the power to take charge of their funds and make progress.
"TransUnion is excited to work with Lista to help Filipinos get better access to important consumer credit information," said Amrita Bhattacharya, TransUnion's Chief Operating Officer for Asia-Pacific. "By combining our strengths in information and insights with Lista's digital finance management platform, we can enhance credit access, improve financial literacy, and promote greater financial inclusion in the Philippines."
"We are committed to promoting financial literacy by helping Filipinos understand the value of fiscal responsibility as early as possible in their financial lives," said Khriztina Lim, Co-Founder and Chief Operating Officer of Lista. "Through our collaboration with TransUnion, we aim to bridge the gap in financial literacy and accessibility to credit information in the Philippines."
The Lista app, which can be downloaded from both the Apple App Store and the Google Play Store, can now be used by any adult in the Philippines to get their TransUnion credit score and report. To learn more about the TransUnion-Lista relationship and the TransUnion credit report for consumers, visit https://www.transunion.ph/personal.
