App of the Week – CreditWise

Published On April 20, 2016 | By Tom Huskerson | App of the Week

credit wiaseWe live in a dangerous time. Because of technology and the Internet at any moment your identity and financial life is on the line. Protecting your assets against hackers and data breaches is paramount. That is why CreditWise is the App of the Week.

In March of this year, CapitalOne became the first U.S. bank to offer free credit monitoring through the CreditWise app.  Based in Virginia, CapitalOne launched the free app after the success of CreditTracker, a free credit tracking tool launched in 2014 exclusively for CapitalOne customers. The success of the app caused the company to offer it to everyone else.

You are probably one of many people who are constantly checking their cellphones. This app gives those people access to a weekly credit score update from TransUnion one of the three major credit monitoring companies in the United States.

A 2015 survey revealed that 26 percent of Americans have never checked their credit report. And 40 percent of millennials have never checked their credit report because they had no idea where to obtain it.

CreditWise gives the user the ability to constantly monitor their credit score and become quickly aware of any changes or shenanigans that may be happening. Reacting quickly to suspicious activity can make a huge difference when it comes to fighting credit fraud or identity theft.

“CreditWise gives users so much more than just a score. It helps them understand what makes up their score, what makes it go up, what makes it go down, and focuses on actions they can take to improve it. With CreditWise, we have our customers’ backs when it comes to their credit health,” says Sarah Strauss, Managing Vice President of U.S. Card at Capital One.

Click here to see a video of how the CreditWise app works.

A 2003 amendment to the Fair Credit Reporting Act allows Americans a free annual credit report from the three major credit reporting agencies,  Experian, TransUnion, and Equifax.

CreditWise is free and available for Apple and Android  also on the CapitalOne website.



Like this Article? Share it!

About The Author

Tom Huskerson Bio Born in Richmond Virginia Tom Huskerson is a military veteran who settled in California after his discharge. Tom attended Santa Barbara City College where he began his writing career as a campus reporter. He worked as an intern news reporter for the Santa Barbara News-Press writing feature stories before moving on to San Francisco. At San Francisco State University Tom studied broadcast communications and began to focus on the Internet. He completed his graduate thesis on Internet advertising. Tom was the first student to ever focus on the Internet as a graduate student at San Francisco State University. After graduation he went to work for Zona Research in California’s Silicone Valley. As a research associate Tom supported senior analyst writing on the latest developments in the Internet industry. During the dot com boom Tom worked for several web businesses as a market researcher and analyst. As a writer and researcher Tom has authored various technical works including a training program for Charles Schwab security. Other projects included professional presentations on workplace violence and hiring security contractors. Tom has also written both fiction and non-fiction works and blogging for a travel website. He has published two books of short stories and completed two novels. Tom is the owner of Scribe of Life Literature and Tom is not the chief editor for the OnTechStreet. com. A news and information blog that focuses on tech news for African-Americans. The blog is the result of his desire to inform the African American community of the dangers and benefits of the cyber age. In his blog Tom reports on information security, new and analysis, scams and hoaxes, legal happenings and various topics that arise from the age of information. Tom believes that technology is a necessary tool for black people and they should know what is happening. Tom writes believing that techno speak is for the professional and that valuable information can be communicated using plain language. As a result he has embraced the motto, Less Tech, More Knowledge.

Leave a Reply

Your email address will not be published. Required fields are marked *