Guyanese will soon be able to check credit scores online

The management of Credit Info Guyana is seeking to up its game with the introduction of a new application (app) which will enable Guyanese to access their credit scores online by next year. The announcement about the upgrade to the current system was made at the entity’s New Market Street, Georgetown location on Monday even as the entity celebrates its fifth anniversary.

Manager of Sales and Business Development, David Falkconer, noted, “I should let you know that we are working on an application; so, pretty soon, you will be able to access your credit score and your credit report on your phone, on your tablet, and on your laptops”.
Chief Executive Officer (CEO) Judy Semple-Joseph added that the company was hoping to launch the system earlier, but will facilitate sensitisation sessions with the public before the system kicks off in January 2019.
She pointed out that several agencies have already subscribed to the service. The CEO explained, “We have about 26 subscribers, including all the banks and micro-financing institutions and other non-bank entities”.
A few of the agencies who would have subscribed include the Guyana Water Incorporated (GWI), Guyana Power and Light (GPL), Guyana Telephone and Telegraph Company (GTT), Courts Guyana, University of Guyana, and the Institute of Private Enterprise Development (IPED).
The CEO stressed that having a good credit score entitles a person to access a loan much easier, and even aids in better financial management.
Presently, persons who wish to access their credit information are required to go through a process, but hopefully, with the new APP, the service will be much easier.
The APP will allow persons to check their credit score as often as they would like, and at any time of the day. A small annual fee of $8000 is attached.
Users will, however, be entitled to one free credit report per year.