Our thoughts on the changing shape of the consumer credit market.
If you’re reading this, most likely you have a TotallyMoney account and you have already checked your credit report and credit score. If you haven’t got one yet, don’t worry. You can sign-up for yours in less than five minutes. It’s totally free, forever! Regardless of whether you have a high or a low …
Read moreHow we’re making it easier for customers to fix credit report errors
Borrowing Power is unique to TotallyMoney. It’s one number to show how likely you are to be accepted when you apply for credit — and you won’t find it anywhere else. Think of it as your credit health meter. The higher your Borrowing Power, the better the credit card and loan offers you’re likely to …
As part of our mission to make credit better, we want to give our customers all the tools they need to improve their credit status and get the best outcomes from their borrowing so that they have a more affordable life. We understand that the world of credit reports is opaque, we want to lift …
In an economy where credit products are so readily available, it’s surprising how little we know about our own ability to get credit. If you asked any of my friends about their credit history you would likely be met with blank stares and confused looks. Understanding your credit report is important, but we are rarely, …
On Sunday, TotallyMoney’s 250,000th customer joined our service to get access to their free-forever credit report, Borrowing Power and best credit matches. Our growth since our September 2017 launch has been sensational. In only five months, we’ve attracted one-quarter of a million people to use our service. In that time, we’ve launched a national TV advert, become …
The length of interest-free balance transfers is falling. In September, the longest interest free period for Balance Transfer Offer was 43 months. At the time of writing this article, the maximum you can get is 39 months. That’s if you are accepted by the lender. How to find the best offer You can check your …
At a recent Data Disruptors Meetup, Looker CEO Frank Bien delivered an opening presentation about how the data landscape had changed over the past decade Three eras of data Bien outlined three eras in data; the first in which querying data was very slow and expensive, and therefore it wasn’t done that often and only …
Visit any price comparison website and you will quickly be funnelled into a comparison of either credit cards or loans. They are treated entirely separately and assume that the customer has a clear need for one product type or the other. Break with Tradition There are obvious differences between credit secured from a loan …
Read moreDo customers really think in terms of cards or loans?
Back in the day (as recently as 30 years ago) how would a lender know whether to give someone money or not? From the borrower’s point of view, how could you prove you were a safe bet? Decisions used to be made face-to-face over lots of paperwork and still on limited insight. Then enterprising people …
Read moreShining a Light into the Black Box of Credit Reference Agencies
Building a product that can be used by, and useful to, everyone is an exciting challenge with unique rewards.
We’ve just launched our live credit score and report service – giving our customers the power to make even smarter credit decisions.
See the steps we have taken to interact with our customers in a way that helps them and makes them continue to use our service.
Technology is giving more power to the consumer. Read about TotallyMoney.com’s Match Factor service and how it is helping people find the right cards.