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CredAbility upgrades its personal finance app with new functionality

By Gloria Methri

June 18, 2024

  • Credability
  • credit report
  • Credit Score

CredAbility, Credit Score, Personal Finance Management, FinTech, UKCredAbility, the app that allows users to check their credit reports and improve their credit scores, has announced new functionality to help members gain more confidence about their finances.

The enhanced CredAbility app will now provide members with weekly updates, allowing them to track changes, spot trends, and monitor the impact their spending decisions have on their reports. It will also analyze how different financial behaviours influence their credit score movements and explain the reasons why.

Members will also receive money-saving offers and deals, tailored tips, and advice to help improve their financial well-being.

In addition, users will be shown loans, credit cards and finance that they are likely to be approved for based on their credit score’s borrowing power. Users can apply for these products safely in the knowledge that they’ll be approved.

Powered by Equifax, CredAbility is completely free to download from Google Play and the App Store and use forever. It is on a mission to help its members borrow better, save better, invest easier, and ensure they’re adequately protected to empower them to be their financial best.

Nikolaos Charalampous, chief executive of CredAbility, said, “Your credit score is a critical part of your financial health, and managing it has never been more important, regardless of whether you’re starting in life or financially secure. There is lots of generic advice and guidance out there, but we’re bringing a far more personalised approach to finance to help people achieve their personal goals.”

“We’re excited about the new enhancements we’ve made to the CredAbility App – and have several more in the pipeline to be announced later this year – which will greatly improve our member’s relationship with their money.”

According to a YouGov poll, only half of Brits regularly check their credit score, even though 48% of individuals believe it is ‘very important’ to maintain a good credit score. Of those checking their scores, just over half actively do anything to try to improve their scores.

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