CredAbility launches new App functionality to help members make personalised, smart money decisions

LONDON, June 14, 2024 (GLOBE NEWSWIRE) — CredAbility, the free app that allows you to check your credit report and improve your credit score, has announced new functionality to help members gain even more confidence when it comes to 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 money decisions have on their reports. It will also provide analysis of how different financial behaviours influence their credit score movements and explain the reasons why.

Members will also be sent bespoke money-saving offers and deals, alongside tailored tips, and advice to help improve their financial wellbeing.

In addition, they’ll be shown loans, credit cards and finance that they’re likely to be approved for based on the borrowing power of their credit score. They can apply for these products safe in the knowledge that they’ll be approved.

Powered by Equifax, CredAbility is completely free to download 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 out 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, despite the fact that 48% of individuals believe it’s ‘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.

The CredAbility App can be downloaded from Google Play and the App Store.

CONTACT: Caroline Chell