SmartCredit is a comprehensive and interactive financial platform designed to empower users to manage and improve their credit scores, financial health, and identity protection. Here’s an overview of what the product does and its key features:
What is SmartCredit?
SmartCredit, founded in 2003 by ConsumerDirect, is a robust platform that goes beyond traditional credit monitoring services. It provides users with the tools and insights necessary to navigate their financial goals with confidence and security.
Key Features and Functionality
ScoreTracker
This feature allows users to monitor multiple credit scores, including their Credit Score, Auto Score, Insurance Score, and Hiring Risk Score. ScoreTracker provides regular updates, helping users understand how their scores change over time and how they compare to the national average. It enables users to identify and address the factors influencing their scores, such as debt, credit utilization, and inaccuracies on their credit reports.
ScoreBuilder®
ScoreBuilder helps users address inaccuracies on their credit reports. It provides a detailed view of open and closed accounts, credit limits, current balances, and late payment history. Users can take action directly through the platform to fix credit errors, send Goodwill corrections, pay off or negotiate debts, and remove identity theft issues.
ScoreBoost™
This predictive tool simulates how different financial decisions will impact your future credit score. Users can see the potential outcomes of various spending and payment scenarios, such as the effect of a large purchase on credit utilization or the impact of paying off a balance in full versus making the minimum payment. ScoreBoost guides users in timing their payments to maximize their credit score benefits.
Money Manager
The Money Manager feature offers a holistic approach to financial management by allowing users to link and manage all their financial accounts in one place, including bank accounts, credit cards, loans, and investments. This centralized view helps users track spending, manage debt, and make informed financial decisions.
Security and Fraud Protection
SmartCredit prioritizes security with 128-bit encryption and daily security verification by independent third parties. It alerts users to any suspicious activity and offers $1 Million Family Fraud Insurance, providing comprehensive financial protection against identity theft and data breaches.
Additional Tools
- Smart Credit Reports: Users can access comprehensive credit reports, including 3-Bureau credit reports, which are more detailed than traditional reports from credit bureaus.
- Credit and Loan Options: The platform provides insights into various credit and loan options, including personal loans, credit cards, student loan refinance, auto loans, and more. Users can see the terms, interest rates, and potential impact on their credit score for each option.
Pricing
SmartCredit offers two plans:
- Basic Plan: $19.95 per month, including access to all features and 5 actions per month.
- Premium Plan: $29.95 per month, including access to all features, 20 actions per month, and one free 3-Bureau credit report per month.
In summary, SmartCredit is an all-in-one platform that empowers users to take control of their credit scores, manage their finances effectively, and protect their identity with advanced security measures. Its unique tools and comprehensive features make it an invaluable resource for anyone looking to improve their financial health.