In a statement by Akani Solutions, who developed the Akani Mobile Credit Report app, former credit ombudsman Mannie van Schalkwhy said the app was an effective negotiation tool for getting better interest rates when applying for credit.

“Knowledge is power… knowing your status meant that one could take control of their financial health and start making more conscious decisions with their money”.

Users will be able to receive instant notifications whenever there was activity on their credit profile

Akani CEO Keystone Sono said users will be able to receive instant notifications whenever there was activity on their credit profile if they chose to subscribe to the ID monitoring service.

“Consumers who have downloaded this application and subscribed to the ID monitoring service would know immediately when an account is opened in their name or when a credit provider says you have missed payments,” he said.

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Author: News24.com