Moneysupermarket launches personalised credit score app

MoneySuperMarket has announced it has launched a new personalised credit score app. The app is called Credit Monitor, and uses TransUnion data to help people manage their money and achieve their financial goals with less effort.

The app launched via a phased release to consumers in December 2018. Two weeks ago, MoneySuperMarket unveiled an ambitious new brand transformation campaign – ‘Get Money Calm’ – pledging to give customers lots of clever ways to save a lot, by doing very little. Credit Monitor will be at the forefront of a new suite of more proactive and personalised services that will help people monitor, switch and save painlessly on their household bills.

Once downloaded, Credit Monitor takes less than three minutes to access your key financial products, credit score and report, all of which are available in one digestible format. People can then monitor and learn how to improve their credit score, check and understand their report and find credit cards they are likely to be get accepted for, without it damaging their score.

Subscribers can also get free monthly updates on their score, receive emails when their score changes and get personalised tips on how to improve it. The app also allows people to see their full credit report, with clear summaries of their credit accounts and the respective balances.

Andy Hancock, Managing Director, Money, Moneysupermarket Group, said “Credit Monitor is a key proof point of our brand transformation and shows how we are taking price comparison to the next stage, by offering people more personalised ways to save on more of their household bills.”

“Our research shows that over half of Brits don’t know their current credit scor¹ or why it matters, although it could affect your ability to get a mortgage or credit card.”

“The app is easy to download and use – at the touch of a button, people can check their score for free and get tips on how to improve it. Crucially, they can also search for credit cards for which they are eligible, without negatively affecting their score. ”

“Giving customers information and tips like this helps put them in control of their money, so they can make informed choices.”