Your credit score is a very important aspect of your financial health. This number is used to determine what financing terms and interest rates you pay – or whether you can get financing or credit in the first place.
Having a bad credit score is really frustrating. You may be turned down for a home loan, auto loan, new credit card, or even a job.
Today we review 5 best mobile apps that allow you to get a free credit score and manage your finances on the go. Let’s get started!
Credit Karma is one of the most well known credit monitoring sites, and they offer an iPhone app so that you can keep track of your credit score on the go. Credit Karma is completely free, no credit card or paid subscription is necessary, and it provides your TransUnion credit score and shows you what factors affect this score.
With Credit Karma each section of your credit score is graded, and there are useful tips about what you need to work in so that your overall score is improved. While Credit Karma is available at no cost your credit score is only updated every 30 days.
Credit Sesame also allows you to monitor your credit score without any cost or charges, and no credit card is required. Many consumers like this app because it has an easy to use layout and is simple to understand.
Credit Sesame app shows you where your credit score may be lacking and provides suggestions on improvements that you can make to certain score aspects like debt to income ratio or past due accounts. Your score and relevant information is updated every 30 days.
BillGuard is not a true credit monitoring app per se, but it is an app that can help you properly manage your finances and bills so that you maintain a good credit history and a higher credit score.
This app offers an analysis of your spending so you know exactly where your money is going, and it provides alerts about any fraudulent activity on your financial accounts within a short time period of this activity. There is no cost to use the BillGuard app and you can link together all of your financial accounts including bank accounts and credit accounts. BillGuard can give you financial peace of mind while protecting or helping you improve your credit score.
myFICO is one of the oldest credit monitoring services offered online, and it has been around for quite some time. Now there is a mobile app as well, letting you get into your myFICO account and giving you access to all 3 credit bureau scores instantly.
This app does require a subscription to use and there is typically a cost involved, but in exchange you will get live updates and notifications whenever your credit score changes with one of the major credit reporting agencies. You even have the ability to set specified thresholds if desired with this monitoring app. Many consumers are willing to pay a subscription fee in order to get these benefits and access to all 3 of their credit scores.
Credit.com is another credit score monitoring app that is completely free to use, and this program updates approximately every 30 days.
You can access your Experian credit score, find tips and suggestions on raising your credit score, and even learn why specific factors affect your score in certain ways.
Which Credit Monitoring App You Like The Most?
Have you used any of the apps listed above? Did you find them helpful? Let us know in the comments!