TransUnion (formerly Callcredit) has teamed up with TotallyMoney to launch a free live credit score service

Customers can now track their credit score and likelihood of being accepted for credit, access their full credit report and receive notifications of changes. All totally free.

TotallyMoney has launched a Live Credit Score service that provides customers with information about changes in their credit status each time they log in. Credit file data is provided by Callcredit and customers now have access to six years’ of credit history information and receive real-time notifications to help them understand any changes in their live credit score.

The TotallyMoney service introduces an innovative new sign-up process that removes the requirement for customers to provide any credit card details as part of the ID verification. Developed by Callcredit and rolled out first to TotallyMoney, this new sign-up makes it easier for customers to get their credit report while still providing secure registration and data security.

The TotallyMoney service also introduces a unique, proprietary Borrowing Power algorithm. Under a different credit reference agency partnership, this uses information from both the customer’s credit position and real-time market-wide lending data, to show them how likely they are to be accepted for credit, without impacting their credit rating.

While the Credit Report helps customers understand their financial history and their Live Credit Score tells them about their current position, Borrowing Power helps them build a better financial future.

Smarter Credit Decisions

TotallyMoney has designed a suite of free tools to help customers understand their Callcredit credit file information, make smarter credit decisions and take control of their finances.

TotallyMoney’s four new tools put more power in the hands of customers:

Live Credit Score & Full Credit Report - Your current credit position, plus six years of borrowing history made straightforward and simple to check.
Borrowing Power - A real-time view of how likely you are to be accepted for credit.
Intelligent Alerts - Notifications of changes in your credit report and credit eligibility.
Bespoke Personalisation - Helps you make informed credit application choices by simplifying product comparison.

Customers can use this credit information to take action. They can work on improving their credit score and boost their Borrowing Power by following personalised tips and suggested actions. They can see credit matches tailored to their circumstances, ranked according to the TotallyMoney’s decision algorithm, Match Factor, and target their credit applications accordingly to give themselves the best chance of being accepted.

These new services build on the powerful, personalised credit comparison platforms that TotallyMoney has developed and that power some of the UK’s most forward-thinking financial brands. TotallyMoney’s data-led insights enable their lending partners to design and market better products to TotallyMoney customers.

Alastair Douglas, TotallyMoney CEO says: “Our mission has always been to help people get a better deal from the credit industry. And we believe that technology can bring about that change by empowering customers and challenging lenders.

“This suite of tools is available totally free for all TotallyMoney customers, and takes us a step closer to our goal of a fairer consumer credit market.

“We’ve built a product that gives everyone the best opportunity to make the most of their credit, no matter what their current status.”

Jacqueline Dewey, Managing Director – Consumer team, Callcredit said: “We’re delighted to be chosen as data partner for TotallyMoney’s new service expansion. This partnership underlines Callcredit’s reputation for being an innovative and consumer-led bureau.

“By combining TotallyMoney’s financial product comparison and UX expertise with Callcredit’s leading data assets and consumer credit knowledge, we’ve created a service that will empower consumers to better understand their credit position and make smarter borrowing decisions.”