Global information and insights company, TransUnion, announced on Monday it has partnered with South Africa-based financial marketplace, Fincheck, to make the credit application process easier and less frustrating for consumers. According to the duo, consumers are now able to access a free TransUnion credit report on Fincheck, which notably helps them understand their financial position to make better, more responsible financial decisions.
Speaking about the collaboration, Hans Zachar, Director of Emerging Markets at TransUnion Africa, stated:
“The TransUnion/Fincheck partnership will assist consumers in managing their finances, especially during these challenging times. By working with Fincheck we’re helping to increase financial awareness and access to credit.”
Fincheck also revealed due to the COVID-19-induced economic squeeze, it is seeing tremendous interest in consumers wanting to improve their credit scores. Michael Bowren, CEO of Fincheck, further explained:
“Being able to access affordable credit and valuable information in the same place will help South African consumers during these challenging times. Checking the information held on you is accurate before making an application can be an invaluable tool that can help you understand your financial options more clearly. Ultimately, we aim to assist the user with their financial choices and move them toward financial freedom.”
Founded in 2015, Fincheck gathers all the required information from South African lenders, banks and debt consolidation partners. The company matches users requirements. as a business or consumer, to point them in the right direction and inform you on which partner will save you the most money and best suit your personal needs.