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Originally Posted On: https://smartwealthtrends.com/credit-monitoring/best-credit-apps/

If you’re looking for the best credit apps on the market, you’ve come to the right place. This blog post will rank and review the 7 best credit building apps of 2022. We’ll provide an overview of each app and a breakdown of its features, benefits, and price.

So whether you’re looking to build your credit score from scratch or want to start repairing your credit history, we’ve got you covered!

Are you looking to improve your credit score or start building it from scratch?

If so, you’re not alone. In fact, according to a recent report from the Consumer Financial Protection Bureau (CFPB), nearly one in five consumers have “subprime” credit scores.

This means that they are considered high-risk borrowers by lenders and will likely have a harder time qualifying for loans and credit cards.

Fortunately, there are clear steps you can take to improve your credit score. One of the most effective ways is to use a credit building app.

Credit building apps are designed to help users improve their credit scores by providing tools and resources to track their progress and provide actionable goals to help users grow their credit scores.

What Is The Best Credit App?

Here are the best credit apps on the market.

Credit Nerd

Best Overall Option

Credit Nerd is our top pick for the best credit building app because it offers users everything you need to track and improve your credit score. This app provides users with a credit score tracker, credit score monitoring, and personalized tips on how to improve their credit score.

In addition, Credit Nerd offers a $19/mo subscription that includes a credit report from the 3 major credit bureaus and a credit score simulator.

Features

• Unlimited Access To Reports: Get unlimited access to your credit scores from all three major credit bureaus.
• Free Credit Score Simulator: Test out different scenarios to see how your credit score would be impacted.
• Credit Monitoring Alerts: Stay up-to-date on your credit score with alerts whenever a change occurs.
• Fraud Monitoring: Protect your identity with fraud monitoring that alerts you if there is any suspicious activity on your credit report.
• Credit Freeze: Freeze your credit report with the click of a button to prevent new accounts from being opened in your name.User Experience

Pricing

Credit Nerd offers a $1 seven-day trial and a $19/mo subscription that includes a credit score from the three major credit bureaus.

• Trial: $1 for 7 days
• Plan: $19/mo for all 3 scores

Pros And Cons Of Credit Nerd

Overall Thoughts

If you’re looking for an all-in-one credit app, look no further than Credit Nerd. This app provides users with everything they need to track and improve their credit scores.

Credit Karma

Best Free Credit Building App

Credit Karma is our top pick for the best free credit building app because it offers users everything they need to track and improve their credit scores without any cost. This app provides users with a credit score tracker, credit report monitoring, and personalized tips on improving their credit scores.

In addition, Credit Karma offers a free credit report from the two major credit bureaus: TransUnion and Equifax.

Features

• Free Credit Reports: Check your credit score for free with Credit Karma. Get a free score report from TransUnion and Equifax, two major bureaus.
• Online Checking: Credit Karma also provides its users with a free checking account and debit card, which can reimburse charges up to $5,000 at random.
• Credit Builder: The Credit Builder tool helps you build credit by making on-time payments to a loan with Credit Karma.
• Tax: Get free help with your taxes and get your maximum refund with Credit Karma Tax
• Loans: Get personalized loan offers from pre-qualified lenders with Credit Karma Loans

Pricing

Credit Karma is a free app with no hidden fees or costs for all its products, including its credit monitoring service.

• Plan: Free to sign up & get score

Pros And Cons Of Credit Karma

Overall Thoughts

Credit Karma is our top pick for the best free credit building app because it offers users everything they need to track and improve their credit scores without any cost.

TransUnion

Best For Businesses

TransUnion is an excellent choice for small and medium businesses that want to monitor their business credit scores. You’ll get access to your business credit report, alerts when there are changes to your score, and customized tips on how to improve.

Unlike some other business credit monitoring services, TransUnion offers a monthly subscription with no long-term commitment, and you can cancel at any time with no penalties.

Features

• Credit Monitoring: Get real-time alerts when there are changes to your business credit report.
• Credit Protection: Protect your business from identity theft with TransUnion’s fraud monitoring and alerts.
• Customer Credit Check: Check your customers’ credit with TransUnion’s customer credit check service.
• Debt Recovery: Get help recovering debt from customers with TransUnion’s debt recovery service.
• Resident Quality Management: Improve your resident screening with TransUnion’s resident quality management service.

Pricing

The TransUnion credit report starts at $29/mo for the Business Credit Essentials plan, which includes credit monitoring and alerts, fraud monitoring, and customer credit checks.

• Personal Plan: $29.95/mo
• Business Plan: Varies on business size

Pros And Cons Of TransUnion

Overall Thoughts

TransUnion is the best business credit monitoring service for businesses that want to monitor their business credit scores. You’ll get access to your business credit report, alerts when there are changes to your score, and customized tips on how to improve.

myFICO

Best For Identity Theft

myFICO is great for those looking for amazing identity theft protection. With myFICO, you’ll get access to your FICO score, credit monitoring from all three major credit bureaus, and identity theft insurance for up to $1 million. myFICO also offers a variety of other products to help you improve your credit score, including a credit scorecard and credit simulator.

Features

• FICO Credit Score: This score is used by most lenders to make credit decisions and is the score you are most likely to see on your credit report when applying for loans.
• 24/7 Identity Monitoring: Get real-time alerts and proactive help if there is suspicious activity on your account with insurance up to $1 million.
• Complete 3-Bureau Coverage: In addition to your FICO score, you’ll get credit monitoring from Experian, Equifax, and TransUnion.
• US-Based Customer Support: Get help from myFICO’s US-based customer support team 24/seven.

Pricing

myFICO starts at $19/mo for the basic, which includes your FICO score, credit monitoring from Experian, 24/7 identity restoration services, and more.

• Basic: 19.95/mo
• Advanced: 29.95/mo
• Premiere: 39.95/mo

Pros And Cons Of myFICO

Overall Thoughts

myFICO is a great choice for those seeking identity theft protection while still wanting to monitor their FICO score. With myFICO, you’ll get credit monitoring from all three major credit bureaus, 24/seven US-based customer support, and identity theft insurance starting at $19/mo.

IdentityIQ

Best For Criminal Record Reports

IdentityIQ is an excellent tool for those who want to monitor their credit score and improve their credit standing while still being able to see any criminal records that might be associated with their name. With IdentityIQ, you’ll get access to your FICO score and credit scores from all three major credit bureaus. You’ll also get a monthly credit score, simulations, SSN tracing, and more.

Features

• Criminal Record Reports: With IdentityIQ, you can see if there are any criminal records associated with your name.
• SSN Trace: This feature allows you to see if your Social Security number has been used by anyone else without your permission.
• Dark Web Monitoring: This feature will notify you if your personal information is found on the dark web.
• 3 Bureau Credit Score: You’ll get your Experian credit report, TransUnion credit report, and Equifax credit report.
• Credit ScoreSimulations: With this feature, you can see how your credit score would be impacted if you made specific changes to your credit habits.

Pricing:

IdentityIQ starts at $34/mo, which includes scores from the three credit bureaus, SSN tracing, dark web monitoring, and more.

• Credit Essentials: 34.99/mo

Pros And Cons Of IdentityIQ

Overall Thoughts

If you’re looking for a comprehensive credit monitoring service that also offers criminal record reports, then IdentityIQ is the best choice for you. With IdentityIQ, you’ll get access to your Experian credit report, TransUnion credit report, and Equifax credit report. You’ll also get a monthly credit score, simulations, SSN tracing, and more. IdentityIQ starts at $35/mo.

Mint

Best For Visualizing Credit Growth

Mint is an excellent choice for those who want to monitor their credit score and track their spending and budget. Mint offers a free credit score; you can also see your credit report, credit history, and more. Mint also offers a variety of other features, such as the ability to track your spending, budget, access loans, and investment opportunities.

Features

• Credit Visualization:  Mint offers a great way to visualize your credit growth with different graphs, charts, and data to show your change over time.
• Free Credit Reports: Get free monthly credit reports from TransUnion with Mint.
• Bill Negotiation: Mint will negotiate with your creditors to lower your interest rates and fees.
• Accounts In Once Place: You can see all your accounts in one place with Mint, so it’s easy to stay on top of your finances and spending habits.
• Subscription Management: With Mint, you can see all your subscription services in one place and cancel any that you don’t want with one tap.

Pricing

Mint is a free credit score app, and there is no cost for the credit monitoring service or any other features provided.

• Plan: Free to sign up & get score

Pros And Cons Of Mint

Overall Thoughts

Mint is a great choice for those who want to monitor their credit score and track their spending and budget. Mint offers a free credit score and a variety of other features, all free of charge.

Experian

Best For Instantly Boosting Credit

Experian Boost is a free service that can help you improve your Experian credit score instantly by adding your utility and cell phone payments to your credit file. On average, Boost users have seen an instant 13-point credit score increase just by adding these transactions to their reports.

Features

• Experian Boost: With Experian Boost, you can add your utility and cell phone payments to your credit file to instantly improve your credit score.
• Marketplace: Experian Marketplace offers a variety of products and services to help you improve your credit, including tailored loan, credit card, and auto insurance recommendations.
• Education: Experian offers a variety of educational resources to help you understand your credit, including articles, videos, reviews, and more.
• Free Dark Web Scan: Experian’s Dark Web Scan will search the internet for your personal information and alert you if it finds anything.

Pricing

• Experian Boost – Free to use
• 7-Day Trial – $1.00
• Monthly Fee – $25/mo

Pros And Cons Of Experian

Overall Thoughts

If you’re looking for a way to boost your credit score instantly, then Experian Boost is the best choice for you. They also offer business credit monitoring services and fraud protection at similar rates to TransUnion.

What Are Credit Monitoring Apps?

Credit monitoring apps help you track your credit score and report any changes to your credit file. These apps can also help you monitor your credit utilization and payment history.

With a credit monitoring app, you can see your progress over time and ensure that your credit file is accurate. You can also set up alerts so that you’re notified of any unauthorized activity on your account.

Credit monitoring apps are a great way to stay on top of your credit score and ensure that you’re taking the necessary steps to improve your credit standing.

Frequently Asked Questions

Bottom Line

A credit monitoring app is an excellent option if you’re looking for a way to monitor your credit score and report any changes. These apps are safe and secure and can provide you with the information you need to stay on top of your credit file.