SmartCredit offers a variety of tools to manage credit, money, and identity. Its monthly membership includes access to a credit report and all of the VantageScore 3.0.2 credit scores, as well as auto, insurance, and hiring risk scores.
Users can also connect their bank accounts to get a bird’s eye view of their financial situation. With a push of a button, they can contact creditors to resolve reporting errors or ask questions.
What is SmartCredit?
SmartCredit is a patented credit reporting, score, and money management tool that makes it easier for consumers to get in control of their financial data. The company’s app and website offer a comprehensive suite of tools for users to dispute inaccuracies, manage their finances, and communicate with creditors. The app also provides a full credit report from all three bureaus.
SmartCredits combines credit and money management in one place to help individuals take control of their scores, savings, and identity. Its unique interface makes it easy to see what’s helping or hurting your credit and create a plan for improving it. Users can even monitor their future borrowing potential and design a plan to ensure they can qualify for loans with the best rates.
The Smart Credit report uses a new format that is more intuitive than traditional credit reports. It’s designed to be easily readable and can be used in conjunction with the Money Manager feature, which allows you to link your bank and credit accounts for personalized insights into spending trends. The Money Manager also gives you instant statements, a centralized way to track your transactions, and enables you to ask your lenders questions with the click of a button.
In addition to its patented interface, SmartCredit offers a variety of additional features that make it a more comprehensive financial management tool than its competitors. For example, the app allows users to set alerts for changes in their credit report or score. It also allows users to contact their lender directly from the app by clicking on a link in their report that will display the creditor’s email address. This feature is helpful for those who want to keep track of their account balances and payments but may not be able to call or log in to their accounts through their bank or credit cards.
Another great feature of SmartCredit is its $1 million in family fraud insurance, which is included with the monthly subscription. This helps cover out-of-pocket expenses related to identity theft, including replacement costs for IDs and driver’s licenses.
VantageScore 3.0.2
A VantageScore credit score is a number used by lenders to predict your likelihood of paying back loans and credit cards on time. It ranges from 300 to 850, with scores above 700 considered good and those above 800 exceptional. The higher your score, the more likely you are to qualify for financing and receive competitive interest rates from lenders.
The latest version of VantageScore is called VantageScore 4.0, which debuted in 2017. It differs from earlier versions of the model by including “trended” data, which takes into account how your behavior has changed over time rather than looking at one snapshot of your history. It also takes into account the age and activity of each credit report and the total amount of debt on your reports, as well as the number of recent inquiries and the percentage of your credit limit that you use.
It also considers how your payments and debts change over time, taking into account seasonal fluctuations like Christmas shopping or a car purchase in January. It allows only 14 days of rate-shopping for a mortgage or credit card (counting all the inquiries as one) versus 45 for FICO, and it makes allowances for consumers who experience delinquencies during natural disasters.
Despite these differences, it still relies on the same basic principles as previous models to determine your creditworthiness. In general, paying bills on time and keeping your credit utilization low is the best way to raise your score.
If you aren’t sure what your score is, check it online or with one of the major credit reporting agencies. Each of these will give you a free VantageScore or a more detailed score for a fee.
You can also find your scores on personal finance websites that buy and sell them from the credit bureaus, often for free. Landlords and property managers will use your score to decide whether or not to rent you an apartment, and utility and telecommunication companies will evaluate your score before approving you for service. You can even buy and share your VantageScore with lenders if you choose.
SmartCredit’s Mobile App
SmartCredit offers a mobile app that is designed to help consumers take control of their credit and finances. It provides a wide variety of features that include tools to address identity theft and other credit reporting errors, as well as a platform for managing all financial accounts in one location. The app also includes tools to improve credit scores and help consumers become more credit-savvy. SmartCredit’s mobile app is available for iOS and Android devices.
Once a member has registered with SmartCredit, the process of connecting all their accounts is simple. The service automatically finds all the accounts that they use and connects them to their dashboard, allowing them to monitor their finances and their credit in one place. Members can check their balances, make payments to individuals or companies, and set savings goals. They can even get daily or weekly updates about their account activity. They can also receive notifications of changes to their report from the credit bureaus and creditors.
The SmartCredit app allows users to view their credit reports from the three major bureaus. The report is a bit different than traditional reports because it includes an interactive graph that shows each item on the report and how it affects your score. The report can be viewed on any computer or mobile device. It also contains a list of items that the user can correct.
In addition to the credit report, SmartCredit provides users with their credit score, auto score, insurance score, and hiring risk score. These are not available through any other monitoring services, making SmartCredit an excellent choice for anyone who wants to know their credit standing. SmartCredit also has a number of other features, including a money manager and an action button that helps members contact the data brokers who sell their information.
Another feature that makes SmartCredit stand out is its identity theft protection service. The company monitors thousands of databases to see if any personal information has been sold and uses a secure system to notify customers of any unauthorized activity. This is an essential service because identity theft is a real problem for many people, and it can be challenging to protect yourself without a service that does this for you.
SmartCredit’s Membership
SmartCredit’s all-in-one credit monitoring service is easy to use and offers unmatched identity theft protection. It lets you see exactly what is helping or hurting your score so you can take control of your finances and qualify for loans with the best rates possible. SmartCredit also enables you to achieve your financial goals by providing a personalized 120-day Plan for a better score.
The company’s patented credit data science provides insights that are not available anywhere else, including how spending strategies unlock hidden credit points to help you save money and boost your score. SmartCredit allows you to link all of your online accounts in one place to track spending trends and receive instant statements and alerts. You can even ask your creditors questions directly with the click of a button.
This service offers two membership plans – the basic and the premium. The basic membership includes two Smart Credit reports and scores, unlimited use of ScoreTracker, ScoreBuilder, and ScoreMaster, and five actions each month. It also provides $1 million in identity theft insurance. The premium membership includes unlimited Smart Credit reports and scores, a la carte credit reports from all three major bureaus, and credit monitoring. It also provides unlimited use of the money manager and action buttons.
The app’s horizontal-styled credit report is easy to read and user-friendly. Users can view their information on their phones and can act immediately to protect their identities. However, the app does not offer a free version for those who only want to view their credit report and scores.
To use SmartCredit’s services, you must agree to the terms of service and provide your name and other personal details. You must also allow SmartCredit to access your online bank and credit card accounts. The service also uses this data to improve its services and protect you from fraud. You must agree to let the service send you email Alerts about your Membership and product activities to your email address or any other destination you may indicate from time to time. You must keep your email addresses current to ensure that you receive these Alerts.