6 Mobile Apps That Can Improve your Credit Score

11 April 19

Improve Your Credit Score

Your credit score is a reflection of your responsibility with money. Just paying your bills on time is not enough – you need to understand exactly what is going on with your credit and how you can make it better. For example, if you have maxed out credit cards, no amount of paying them on time is going to improve your credit score; you need to get your percentage of used credit down to 33% of the available credit. In order to do this, you need to know what it is being reported on a continuing basis. Today’s technology makes it easy to stay on top of these things and even can improve your credit score.

1. Equifax-on-the-Go

Equifax-on-the-Go is a subscription-based service offered from one of the three credit bureaus, Equifax. This app allows you to see your credit report with just one click. A few of the key features include notifications of any changes in your account balances, accounts that were inactive and now became active, and the status of your current credit score. This allows you to make key financial decisions when trying to decide whether or not to charge something on your credit card, open new credit or wait until you have the cash to pay something outright.

2. Credit Karma Mobile

Credit Karma Mobile is a free iPhone app that allows you free access to your credit score. It also provides you with credit monitoring alerts should something change in your file. These occurrences include new inquiries or accounts, past-due payments, and new public records. In addition, this app provides you with reports showing the difference in your credit since your last log in. You will have access to your financial picture at any instant at your fingertips. With Credit Karma Mobile, you can track your credit score as often as you wish, enabling you to watch the progress (or lack of) in your efforts to increase your credit score.

3. Credit Score Mobile App

Offered by FreeCreditScore.com, the Credit Score mobile app enables you to have a snapshot of your credit at any given moment. This snapshot includes an inside view of your risk factors, alerts when any suspicious activities take place, and even offers a tool that enables you to “predict the future” by seeing how a new loan could negatively or positively impact your credit score. This enables you to make an informed decision regarding whether you should open the new credit line or not. Another interesting feature includes the Score Factors, which are notifications regarding the factors in your credit report that could be helping or hurting your score.

4. Credit Sesame

This free credit-monitoring app gives you access to your Experian credit score once a month. In addition to your credit score, it provides you with a credit analysis to enable you to see where you are wasting money and where you need to make changes. It also offers advice on new home loans, credit cards, and insurance, enabling you to see all of your options and how they will affect your credit score. This credit monitoring apps allows you to make informed decisions rather than throwing money at different accounts and opening new loans that will negatively impact your score.

5. Credit.com Mobile App

This mobile app, offered by Credit.com, is free and offers a “totally free credit score,” and also offers monthly updates. In addition to knowing your own score, you can see how you compare to others in the area and even get expert advice on future credit decisions. Maybe there is a credit card available that you would qualify for that would enable you to transfer balances and reduce your interest rate or maybe there is something you need to work on in your credit file to see any type of improvement. This is the type of advice you will receive from the experts to help you leverage the perfect credit score that you desire.

6. Creditera Mobile App

Creditera is a free app that not only monitors your personal credit score, but your business score as well. If you own your own business, this tool could be very helpful to help you improve both scores. You will receive personal credit scores from Experian and Transunion as well as business credit scores from Experian and Dun & Bradstreet Credibility. They offer more than 90 different types of alerts when your credit file changes and detailed information regarding new inquiries, the status of your accounts and a detailed history of your payments, letting you know how many payments were late over the last year.

Each of these credit monitoring apps allow you the ability to know in a matter of seconds what is occurring with your credit file, the changes you can make to improve things, and how to make smart financial decisions in the future.