CRC Credit Bureau Limited, the leading credit bureau in the country, has introduced a USSD code for mobile credit check.
It said in a statement on Thursday that the service, in partnership with MTN Nigeria, would provide an alternative medium for individuals and merchants to have easy access to a summary of their credit reports via their mobile phones.
The credit bureau said the initiative was in line with its mission “to deliver innovative products and services that enable stakeholders to build credible profiles that enhance access to credit for strategic growth” and promote financial inclusion.
The Managing Director/Chief Executive Officer of the company, Mr. ‘Tunde Popoola, said, “The new innovation, which is introduced for the first time in Nigeria, is a quick and easy way for people to carry out credit checks on their mobile phones.
“This service is currently available to MTN subscribers only. With mobile credit checks, your credit history is at your fingertips. Simply dial *565*8# on your mobile phone to get your credit report in an instant.”
According to him, effective financial and credit management requires a complete understanding of an individual’s overall financial and loan status by constantly monitoring the various accounts and balances.
“It also involves the ability to accurately assess and promptly address errors apparent. Consumers now have the power in their hands to act swiftly and positively position themselves to improve access to finance and buy products on credit,” Popoola added.