COSTA MESA, Calif.,
April 8, 2015 /PRNewswire/ --
Experian® today announced the release of its mobile app
for iOS and Android devices. The app empowers Experian Credit
TrackerSM members to interact with their credit,
including their FICO® Scores based on Experian data, in
new ways so they can make more informed financial decisions. A new
survey, released today, shows that nearly half of all consumers (46
percent) use financial apps, and they feel that these apps make
them more confident and more in control of their financial
health.
"When consumers learn more about credit, including their FICO
Score, that's power - power to better understand credit and achieve
financial goals," said Jeremy
Wasser, vice president of product and user experience,
Experian Consumer Services. "The new Experian Credit Tracker app
makes it possible for members to engage and interact with their
credit anytime, anywhere, on any compatible iOS or Android
device."
The app is for existing Experian Credit Tracker members in
the United States, and it lets
them quickly access their Experian Credit Reports and FICO Scores
and monitor their credit. Members also receive push notifications
when key updates to their credit report are detected. Key app
features include the following:
Credit Report
- App users can view their full Experian Credit Report, seeing
the same kind of information that banks see - including credit
accounts, inquiries and public records
- The member's Experian Credit Report is updated automatically
every day upon sign in
FICO® Score
- A member can see his or her current FICO® Credit
Score, track FICO® Score changes over time and see the
key areas that influence it. FICO® Scores are used in 90
percent of credit decisions.
- Score Factors tell members which of their financial behaviors
are helping and hurting their FICO Scores.
- The member's FICO® Score, based on Experian data, is
updated automatically every day upon sign in.
Credit Monitoring and Alerts
- Experian monitors changes to members' credit profiles, such as
when a new credit account is opened, an address change is reported
or an inquiry appears on their credit reports
- When these changes occur, Experian sends members push
notifications so they can view them on their devices, allowing
members to respond quickly
- As data breaches become increasingly more common, monitoring
and accessing credit information through a secure app is an
essential component in the fight against identity theft
Credit at a Glance
- The Dashboard provides a snapshot of members' most recent
credit health and trends
- A Credit Summary shows members the five key elements that make
up their FICO® Scores based on their Experian Credit
Reports
"Since April is National Financial Literacy Month, it serves as
the perfect reminder to learn more about something that affects our
financial lives on a daily basis - namely credit," continued
Wasser. "The survey shows that when people engage with financial
apps, including ours, they feel more confident about their
financial situation."
Key survey findings include:
- Financial information on the go: Most mobile device
owners (60 percent) access financial information on their
smartphone or tablet
- Why users download: More than half of consumers have
downloaded a financial app; top motivators are checking balances,
monitoring accounts and managing day-to-day finances
- App usage: Many consumers (46 percent) use financial
apps, and they feel that these apps make them more confident and
more in control of their financial health
- App users feel empowered: The majority of financial app
users (80 percent) say that they feel more confident about their
financial situation since they started using financial mobile
apps
- App users are in the know: Consumers who use financial
apps are more likely than those who do not to know their credit
scores (76 percent compared with 56 percent)
For complete survey details, please visit
http://www.slideshare.net/Experian_US/experian-mobile-app-survery-results-2015/1.
About Experian Consumer Services
The Experian
Consumer Services division provides credit monitoring and other
informational products, such as identity protection, to millions of
consumers via the Internet. The organization enables consumers to
monitor their credit reports online, check their FICO®
Scores and protect against identity theft. Its products include
Experian Credit TrackerSM and
ProtectMyID®.
Experian Consumer Services has established integrated,
co-branded relationships with leading online financial destinations
that provide consumers with a broad range of comprehensive online
financial products and information essential to managing one's
financial life. For more information, visit
http://www.experian.com.
This press release is provided for general guidance and
information. It is not intended as, nor should it be construed to
be legal, financial or other professional advice. Please consult
with your attorney or financial adviser to discuss any legal issues
or financial issues involved with credit decisions.
About Experian
We are the leading global information
services company, providing data and analytical tools to our
clients around the world. We help businesses to manage credit risk,
prevent fraud, target marketing offers and automate decision
making. We also help people to check their credit report and credit
score, and protect against identity theft. In 2014, we were
named by Forbes magazine as one of the "World's Most
Innovative Companies."
We employ approximately 16,000 people in 39 countries and our
corporate headquarters are in Dublin,
Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
Experian plc is listed on the London Stock Exchange (EXPN) and
is a constituent of the FTSE 100 index. Total revenue for the year
ended March 31, 2014, was
US$4.8 billion.
To find out more about our company, please visit
http://www.experianplc.com or watch our documentary, "Inside
Experian."
Experian and the Experian marks used herein are trademarks or
registered trademarks of Experian Information Solutions, Inc. Other
product and company names mentioned herein are the property of
their respective owners.
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SOURCE Experian
