A good credit score is important if you need financing for a big ticket item like a home or car. If your financial health has been a little weak in the past and you’d like to keep an eye on it and even get tips on how to improve it, you need to check out WalletHub for Android (and iOS).
What is it?
WalletHub is the first and only Android app that offers credit scores and full credit reports that are updated on a daily basis for free.
What can it do?
If you’ve heard that doing multiple credit checks can show up as a red flag when trying to get a loan, you won’t have to worry about that with WalletHub because it does “soft” inquiries that do not show up on your record.
Note: the screenshots in this review are from the app’s page on the Google Play Store. For security purposes, WalletHub will not allow you to take screenshots while in the app. So all the info in these screenshots is fake.
I installed the app, verified my identity, set up a PIN and was immediately shown my credit score. The app even shows outstanding loans and balance amounts. I thought this was pretty cool because I wasn’t sure how much was left on my MINI Cooper car loan or the fact that my home loan is almost paid off.
You can view a history of your credit scores to see how you’ve improved (0r not) over time and will show you how you compare to others in the Americas, others in your state, others of your age and others in the same income bracket.
The app also provides tips that can help you improve your score, a list of past credit inquiries (it showed a hit from me from T-mobile last July when I bought a SIM to see if the coverage in my area had improved from the year before). It even provides a list of previous employers and past addresses.
Final thoughts
WalletHub is an easy to use and secure app that provides information that you can use to monitor your credit score all for free.
I really like this app. I like that I can easily keep an eye on my credit score without worrying about it showing up as a “hard” credit check. I installed it a few weeks ago just to try it and don’t have any plans to remove it.
Source: The app for this review is free from WalletHub. Please visit their site for more info and the Google Play store or iTunes if you have iOS to download it.
Product Information
| Price: | Free |
| Manufacturer: | WalletHub |
| Retailer: | Google Play |
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The one immediate con noticed about this app is that it’s currently not available in Canada. So, is there a Canadian equivalent?
I don’t know of one. I’ll ask them and report back.
They say that WalletHub needs a US SSN to verify identity.
The app is also available on iOS in the App Store. I hope you update your review to include this.
Ah ok, I didn’t check, they made it sound like it was only for Android when they asked me to take a look.
Dang. Still wish I could edit posts. Before folks use this service they should read over the “Privacy” section of the website. Wallethub basically collects everything you type and explicitly says they connect it to your web usage, your social media usage and offers it to their 3rd party partners.
I’d expect you to see lots of targeted ads in your social media.
That’s too intrusive for me just in return for some credit info that you can get safely for free. YMMV of course.