Credit counselors use FinLocker to improve credit mediation results

FinLocker supports your consumers’ credit remediation strategies

FinLocker is a high-tech, high-touch financial fitness platform that complements your credit counseling advice.

FinLocker offers a suite of credit remediation tools and educational resources that empower your clients to improve their credit score, monitor their credit report and payment history, and start making informed financial decisions.

While working with you to repair their credit, your clients can use your branded private-labeled FinLocker to manage all of their financial accounts in one place.

    • Visual analysis showing where they are spending their money
    • Set self-paced financial goals
    • Document their budget to save and pay down debt
    • Track results in real-time
    • Make informed credit actions and decisions using an interactive credit simulator

Along the way, FinLocker sends notifications informing users when their credit score has changed or an alert has been placed on a credit report, and provides encouragement to get back on track when they slip. Counselors can also receive consumer-permsssioned data insights to monitor their clients’ progress and supplement your counseling advice.

Clients who have repaired their credit history and want to get a mortgage can use My Homeownership Snapshot inside the app, to track their progress towards mortgage readiness and receive a personalized action plan to achieve their goal. With the results, they can use the dynamic home affordability calculator to learn how much home they can afford, with a monthly mortgage payment that fits their income, and an estimate of the amount they should save for their down payment and closing costs. They also can create trackable budgets and goals to save these costs.

Your client can be referred back to the lender who referred you or one of our partner financial institutions for their mortgage application.

Your customers will be engaging with your branded private-labeled FinLocker platform to improve and maintain their financial health, helping you increase their level of engagement while enhancing customer relationships and revenue growth.

Empower your clients with intuitive financial tools and educational resources to repair their credit and achieve their financial goals, including homeownership

      • Clients can receive their Vantage 3.0 credit score, credit report, and credit monitoring from TransUnion. FinLocker does a soft credit pull, so there is no impact on your client’s credit scores.
      • Interactive credit simulator takes the guesswork out of credit decisions by showing them how the decisions they make can lower or increase their credit score in the future
      • Clients can opt-out of direct marketing from financial companies within the app, reducing the temptation to open additional accounts
      • View and manage all banking and credit card accounts, loans, and other debts in one place
      • Monitor payment history for every enrolled loan and credit card
      • Set financial goals, create budgets and track progress in real-time to pay down debt, save for a loan, or achieve individual financial goals
      • The spending analysis and customizable budget tools help your clients manage their debt reduction plans
      • Track their real-time progress towards home loan qualification and receive a personalized action plan to overcome any challenges
      • Educational resources and videos to complement your service by helping reiterate or supplement your advice to improve their overall financial literacy