Top 7 Mobile Applications to Enhance Your Credit Score – For Apple Users

Maintaining your credit score is a full time work that needs a lot of attention and dedication. Most importantly, you have to keep track of your finances, pay your bills regularly and if you have a debt payment plan, you must stick to it.

For many people, remembering everything is not possible and of course we all know that forgetting to pay even one bill in time leads to a ding in the credit score. Fortunately, the rapid advancement in technology ensures that you no longer have to keep all these in you mind. Use your mobile phone for more than telephone calls and messaging. Go smarter and download a few applications to keep track of your credit score and work to keep it healthy.

There are seven applications available for iPhone, iPad and iPod Touch that are meant to help consumers manage their finances effectively. Some of these are paid, while others are available for free. Read ahead to know how these apps will help you manage your finances.

1. MyFico Score – FICO score, as it is commonly known, is your credit score calculated by Experian. You can buy your score for a nominal sum. But with MyFico Score, a free application for users of iPad, iPhone and iPod Touch, you can have an approximate idea of what your credit score is. The method of calculating your approximate score is simple. There are 10 questions asked by the application. The answers are then used to calculate your approximate or estimated score. These questions include details of missed payments, details of first loan, number of credit cards that you own, the balance in each, et al. The estimation is correct and will help you work in improving your score.
Be careful when swiping your cards when you are in an area with high density of Identity theft, or even when handing it over to pay a restaurant bill. Always check your transcations on a regular basis to stay alert and verify them simultaneously.
2. Creditscore.com – When you are working to improve your score, you have to keep track of the outstanding bills, et al. With this free application for consumers using iPad, iPhone and iPod Touch, you will also receive tips to enhance your credit score. Downloading it to your mobile device will help you manage your credit effectively.
3. Equifax Mobile – The above two applications help to manage your credit but Equifax Mobile goes a step ahead and helps you to protect your identity too. It uses the GPS location in your device so that you can compare your credit with those of other consumers in the area you are in. You will also be able to see if Identity theft is a common occurrence at your location.
4. Debt Reduction App – The Debt Reduction app helps you to calculate the ratio of debt to credit. When the debt is lower than the credit, your score improves. A general rule of the thumb is that your credit utilized should not be more than 30-35% of the total credit available. Apart from this, this app also calculates the time in which you will be debt-free if you pay more than the minimum amount and also the amount you can save.
5. Pageonce Personal Finance – Monitor your credit, financial accounts and all bills using Pageonce Personal Finance app for your iPad, iPhone and iPod Touch and Android phones. You will get regular reminders about bills to be paid and alerts regarding other accounts.  
6. Bill-Tracker – A basic rule for keeping your credit score healthy is to pay all your bills on time. Manage your bills using this bill-tracker by syncing them to your phone using this application. You will get a complete chart of your payment history using this Bill-tracker and as a result, your credit history will be in a good condition. This is a paid application.
7. Pay Off Debt App – This application will help you pay off all your debts using Debt Snowballing. This is a way of paying off debts by beginning with the debt with the lowest balance and then moving on to those with high balances. As the debts are paid off and you begin to see a lowering of the amount in the debts owed, the motivation increases and you can slowly increase the repayment amount. This is a paid application so you will have to buy it from the company.

For a person who is working to improve his score and pay off his debts, these applications are very useful. They keep reminding you of your goals and let you keep a track of not only your credit but also help to safeguard your identity.