- Integrated personal finance tools
- Smart Credit Report
- Action buttons
- Unlimited credit report refreshes
- Mobile app offered
Integrated Personal Finance Tools
A big part of what makes SmartCredit.com more unique than a standard credit monitoring service is that it provides its customers with personal finance tools alongside their credit. Similar to Mint, SmartCredit.com can link to all of your banks, lenders, brokerage accounts, and so forth. Once these accounts are linked, SmartCredit.com begins pulling all of your transactions, purchases, and payments each day. This lets you see all of your spending in one place and even includes handy reports and charts to help you see where all your money went, as well as net worth calculations and the like.
Smart Credit Report
SmartCredit.com's major selling point is its patented Smart Credit Report, which is basically a new way of displaying information found in a traditional credit report alongside money management features. For example, if you're browsing your credit report and see one of your credit cards has a higher balance than you remember, you can click a button and quickly see all of the recent transactions on that card. This provides users with a really cool way of being able to see how their individual daily decisions contribute and form the numbers on their credit reports. If your credit score is hurting because you're carrying a high balance on one of your cards, you can quickly dive in and see what you can cut from your spending to bring that balance down and improve your score.
While browsing the Smart Credit Report, users are presented with a giant orange button for each account that reads Take Action. Clicking on it will take customers to a window where they can take many actions, for example:
- Request an increased credit limit
- Inquire about a particular transaction
- Request a lower interest rate
- Ask for a derogatory mark to be removed
- Negotiate to settle or defer payments
These are all things that can typically be done over the phone or at each lender/bank's website, but being able to do all of them from one central location is pretty impressive and is a definite time-saving tool. What's more, they even allow users to dispute individual credit card charges that they don't recognize. SmartCredit.com makes it very easy and simple to negotiate with lenders and correct inaccuracies on one's credit report. We haven't seen this kind of functionality on any other service we've reviewed thus far.
Unlimited Credit Report Refreshes
SmartCredit.com has not placed a limit on how often customers can refresh their credit report, which means that customers can access their score in real time instead of having to wait until the end of the week, month, or year to view their current score.
Mobile App Offered
SmartCredit.com earns marks for providing a mobile app for its service. We downloaded it and found that it provided most of the functionality of the full website by allowing users to access their full Smart Credit Report, score, money management features, and the like.