When it comes to being in shape, it is something we all desire to do. We want to enjoy life every day and live long without having to be subjected to our beds. We look to be fully capable of serving our families and able think with clear minds when on the job. We understand that being in shape is not just something that happens naturally but rather has to do with our habits. Therefore, we are careful about the way we treat ourselves in hopes to reap the benefits of sound personal care.
As for our financial situation, not many of us can say we feel this way. As long as we have money today, life is good. The future will take care of itself and if we need some additional funding we see ourselves somehow getting it. Well; newsflash… If you do not have the credit score needed at the time you will not be receiving the credit or loan you request. But, no worries as the associates at WalletHub have created a Financial Fitness Tool to help you stay in the best situation possible when it comes to your credit posture.
Financial fitness tool
The team over at WalletHub has developed a comprehensive instrument with their Financial Fitness Tool. After logging in and answering security questions to verify your identity, you are taken to a dashboard which gives you a gauge meter and opening statement about your credit standing. You can then scroll down to the “My Wallet” and section see your credit accounts and their status concerning payments. Additionally, the web app includes sections which provide you with alerts, credit analysis, and credit report in a nutshell. A very unique perk to the tool can be found in its settings page. There you can set yourself up to have text messages sent to you whenever a credit update takes place concerning your credit score.
Jill Gonzalez: WalletHub analyst
On Thursday of this week, Jill Gonzalez, an analyst of WalletHub gave some key pointers on some of the features that make the Financial Fitness Tool. When initially asked what makes the tool unique she spoke of how it provides data updates on a daily basis, even without daily user interaction. She then explained how its product recommendations are based on user savings, not advertiser status. Other web based personal finance simulators may only recommend products from their sponsors, and in order of their most lucrative partnerships. If an issuer that WalletHub is not partnered with offers a better deal than one who is an affiliate, Wallethub will offer you the better deal regardless.
Inspiration behind the tool
Gonzalez later spoke of how the WalletHub team built the brain of a financial advisor and offered it to consumers for free to lighten their financial burden and make the best possible economic decisions in the simplest, most time-efficient manner. If new users sign up before December 25th, they can also access their recommended holiday budget using the program’s advanced algorithms which are paired with their spending ratios.
Gonzalez was happy to note of how the tool can improves user’s present and future situations involving decisions concerning credit. She spoke of how it will enable people to make better financial decisions on a broad level, including improving credit scores. For example, blindly applying for a credit card or loan is a bad strategy, as it can lead to a string of hard inquiries and rejection letters that diminishes one’s credit score and ultimately make it even harder to get approved. Accessing their credit data via WalletHub and using its sophisticated algorithms to hunt down the best deals on their behalf will enable them to better target their efforts and hopefully get approved for the best possible terms the first time around. In addition, after inputting their future goals, WalletHub gives provides them with a roadmap to save up for their dream house, new car, or child’s college tuition.
Gonzalez concluded the interview speaking on the importance of consumers knowing that the tool is free and will remain free, due mostly to their partnerships with TransUnion and VantageScore, who both are able to offer free services to consumers as it stands now. Once again, there are no up-charges for a ‘premium’ account, no strings attached. Lastly, the WalletHub web app for phones, tablets, and other portable devices will give users a very similar experience as it also offers real-time credit and savings alerts. The app is set to launch in iOS and Google Play app stores in January 2016.
The Financial Fitness Tool could possibly be the credit score assistance program curious consumers have been waiting for. Therefore, setup a profile and join the community at WalletHub to be on your way to being more cognizant of what is going on with your credit score and stay a step ahead of your credit report by knowing what to do to keep it looking nice while making it look better.