Credit & Debt 1.3.2

The Credit & Debt App offers a comprehensive approach to money management, delivering tools and strategies designed to enhance financial literacy and promote efficient money handling across various accounts. As a free and secure application, it provides users with insights into managing debt, improving credit scores, and tracking spending patterns through an intuitive mobile interface.

1. Access to Confidential Financial Coaching
   The app connects users with free and confidential financial coaches who assist in developing tailored budgets that align with personal lifestyles and objectives. This feature emphasizes the importance of financial awareness in navigating today’s fiscal landscape, fostering a supportive environment for achieving debt repayment goals.
2. Centralized Management of Financial Accounts
   By linking multiple banking accounts, the app allows users to consolidate their financial information in one place. Key features include:
   • Income vs. Expenses: Users can quickly analyze spending by category and track trends over 90 days.
   • Monthly Expenses: The budget tool helps identify areas of overspending relative to national averages.
   • Proactive Insights: Notifications for overdraft alerts and significant transactions keep users informed about their financial status.
   • Debt Payment Reminders: The app facilitates timely payments by acting as a reminder for due dates similar to automatic bill payment features offered by credit cards.
   • Future Savings Alerts: Users are notified about opportunities to save money effectively.
3. Debt Management Simulation Tools
   The Debt Payoff Simulator stands out as a notable feature, allowing users to experiment with different payment scenarios to visualize debt-free timelines. By entering expected monthly payments, users can gauge when they might achieve their goal of living debt-free, enhancing motivation as they witness continuous progress towards decreasing debt and increasing savings.
4. Real-Time Spending Alerts
   For those planning significant purchases such as homes or vehicles, credit score monitoring is vital. The app simplifies this process by enabling real-time tracking of credit status and spending behaviors. With 48 customizable notifications, users are kept informed about any noteworthy changes in their financial situation, which can aid in identifying potential fraud or discrepancies.

The Credit & Debt App provides an accessible avenue for individuals seeking to gain control over their financial lives. Its tools and resources empower users to efficiently manage expenses, savings, and debt repayments while fostering a proactive approach toward achieving financial goals.