Skip to main content
  • ChevronChevron
    The Million-Pound Question: Coul...

The Million-Pound Question: Could our Product Help Everyone? 

When I started at TotallyMoney three months ago, I was excited to be working again on products with a mass-market appeal. Some of my most enjoyable time was spent working on such products in the past – Skype, with hundreds of million users and JustGiving, with users in the tens of millions. Building and launching a new mass-market consumer finance product is an even more exhilarating prospect.  Such products are meant for everyone – any UK resident over 18 years of age can sign up to the TotallyMoney free credit report.

Building value for everyone

Your credit report and score are unique and individual. Some customers will have a credit file rich with pertinent information. Others will have very little credit history, making their file ‘thin’ and not particularly informative. Many of the existing UK credit report services turn away these ‘thin’ file customers. However, we were determined to do better by them and provide them with whatever valuable information we could.

Unique Borrowing Power

We have developed a unique offering for our customers, an algorithm that reveals their individual Borrowing Power. This is calculated by looking at how many of the leading credit products they are eligible for and how likely they are to be accepted for each of them. Because it reflects the market as well as changes in the user’s circumstances, the Borrowing Power level is a true index of the user’s credit position. By incorporating the Borrowing Power in the TotallyMoney product, we could make our product valuable to most customers – ‘thin file’ customers included. Customers with no credit report still received information about their Borrowing Power and best credit matches. And customers who were in the happy position of having their credit file could also see their real-world Borrowing Power.

Encouraging Success

We launched the first version of our product earlier this month, and we are seeing a steady stream of early customers signing up each day. We have loved the feedback so far. Product development is just getting started – we believe we can build a lot more on the current foundations. For instance, customers with no credit history or a ‘thin’ file could potentially benefit from receiving personalised action plans to help them build a better credit history. Watch this space for the interesting features we plan to launch in the coming months. *While we couldn’t guarantee we can calculate the Borrowing Power for all customers, we find that we could calculate it for most customers. Between free access to the Credit Report and a unique Borrowing Power, we have something of value to almost everyone.

TotallyMoney Logo

We're on a mission to improve the UK's credit score and help people move on up to a better future.


TotallyMoney is an independent credit broker, not a lender. Our comparison service works with most leading lenders, covering the majority of the market. Though we may be paid a fee by lenders or brokers this never influences how our products are ranked.

We don't provide financial advice. Product information is obtained from independent sources and rates displayed may vary depending on your personal circumstances. While we make every effort to ensure that information is up to date, you should always confirm the terms of the offer with the product provider.

TotallyMoney is owned and operated by TotallyMoney Limited which is registered in England and Wales (Company Registration Number 06205695). TotallyMoney Limited is an Appointed Representative of TM Connect Limited, which is registered in England and Wales (Company Registration Number 06967012) and authorised and regulated by the Financial Conduct Authority in respect of consumer credit related activities (FCA FRN: 511936). Trading Address and Registered Office: Chapter House, 16 Brunswick Place, London N1 6DZ. Credit is available, subject to status, only to UK residents aged 18 or over.

We use cookies as described in our Cookie Policy. Continue browsing or click to accept.