CRC Credit Bureau Unveils Mobile App for Access to Credit Information

CRC Credit Bureau Limited has introduced a mobile app,CRC Mobile, to enable individuals access their credit information and credit scores via their mobile telephones and iPad.

Speaking during the unveiling of the app at the 10th anniversary of the company in Lagos, the Managing Director/Chief Executive Officer of CRC Credit Bureau Limited, Mr. Tunde Popoola said the unveiling of the app is part of efforts to ease access to information and empower Nigerians.

Through CRC Mobile, individuals can enjoy services such as CRC Score, CRC Credit Information report, CRC Prospecta, CRC Portfolio Monitoring among others.

Popoola further revealed that, CRC Bureau has improved access to credit for consumers and micro, small and medium enterprises (MSMEs) in the last 10 years and looks forward to the next decade with confidence and optimism.

“In June 2009 when CRC went live, six commercial banks submitted 1,525,228 credit records but only 154,030, representing about 10 per cent passed validation process due to the bad quality of the data. Today, CRC has over 1,300 institutions with about 30 million credit records successfully processed. We have entered strategic partnerships with the likes of the Fair Isaac Corporation (FICO) to power our credit scoring solution,” he said.

“Our immediate focus will be to empower individuals to have access to their credit reports and credit scores through various channels anytime, anywhere on phones, iPad, computers among others. Popularise and migrate our users to the use of credit scores so that they can improve accuracy of their customer profiling. Credit scores will assume national interest and everybody will be interested in their credit score,” he said