HONG KONG, CHINA - Media OutReach - 8 November 2018 - CreditGo announced today
the launch of a new web-based personalized credit score management and
monitoring platform, the first and only platform in Hong Kong that offers
consumers free access to their full personal credit scores and reports. The
platform serves as an independent provider of resources and tools so they can
now easily and quickly identify any suspicious activity as well as improve
their scores and make progress towards their personal financial goals.
"At this juncture when data security is so important to all of
us personally, we want to help people in Hong Kong identify new credit
activity, be informed of changes in personal data and identify fraudulent
activity to ensure that people can take control of their financial
destiny," said CreditGo's General Manager Steven Di Vincenzo.
CreditGo, a part of CompareAsiaGroup, Asia's leading financial management platform
for banking and insurance, was created in response to the need for raising
public awareness on the importance of credit score. According to a survey on
Hong Kong Credit Score Report conducted in September 2017*, consumers in Hong
Kong are highly aware of the concept of credit score, but lack knowledge of how
it works. 97% of respondents to the survey have heard of credit score, but
about half of them have very limited understanding of the use of credit scores
and how it may influence their lives. Only 50% of respondents know the score's
impact on interest rate; and even less know its impact on employment. Over 70%
of consumers consider obtaining their credit scores and reports in the future,
and almost all of them want to know how the score impacts their lives. CreditGo
helps consumers safeguard their financial welfare by increasing their awareness
of credit score.
Consumers prefer getting information about saving and financial
health through independent third parties. Even people that currently have both
personal loans and home loans still say they will apply for a new loan in the
next 12 months. Thus, it is paramount that people have a complete understanding
of their credit profiles.
Furthermore, over two-thirds of consumers in Hong Kong are concerned
or very concerned about the privacy of data within their credit report.
CreditGo's infrastructure puts data security and customer protection at the
heart of all decisions ensuring consumer peace of mind. CreditGo is the first
and only platform in Hong Kong allowing consumers to get full personal credit
reports directly from TransUnion through an API (Application Programming
Interface) free of charge. Consumers can check their score an unlimited number
of times and it's completely 100% free.
"Frequent access to credit reports and scores will help people
take control of their credit and financial health. The survey shows the
importance of educating consumers on the importance of their credit health and
with CreditGo people have access to educational resources and planning tools.
Managing finances can be frustrating but our ultimate goal is to offer everyone
a delightful experience while they secure and build healthier financial lives,"
added Di Vincenzo.
Go get your free credit report today
*According to the Hong Kong Credit Score Report
prepared in September 2017 by CSG for CompareAsiaGroup, which surveyed over 300
CompareAsiaGroup is Asia's leading financial management platform.
The Group helps people across Asia save money and make better choices about
personal finance with comprehensive, free and independent online comparison and
management tools for insurance, credit cards, personal loans and other
financial products. CompareAsiaGroup partners with the leading financial
institutions in Asia to compare over 2,500 products. Launched in 2014, the
Group employs more than 150 financial experts and technologists and has a
presence in Hong Kong (MoneyHero.com.hk),
Indonesia (HaloMoney.co.id), Malaysia
(CompareHero.my), the Philippines (MoneyMax.ph), Singapore (SingSaver.com.sg), Taiwan
Thailand (MoneyGuru.co.th). For more
MoneyHero.com.hk is the
first and largest personal finance comparison platform in Hong Kong. The
website compares credit cards, personal loans, mortgages and travel insurance.
Launched in 2013, the company is committed to helping consumers find and apply
for the right personal finance product with easy-to-use self-serve comparison
tools. The website has already helped millions of consumers in Hong Kong
compare over 400 personal finance products.