Vola Finance launces CreditMap loan management dashboard
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The tool provides a centralized, intuitive platform to manage everything from credit cards and student loans to rent and utility reporting.
As the average U.S. consumer debt balance surpasses $104,000, borrowers, particularly Millennials and Gen Z, are managing more loans than ever before. With student loan repayments resuming and Buy Now, Pay Later services now influencing credit scores, understanding and managing personal debt has become crucial. Unlike other financial tools that silo cash advances, credit-building, or budgeting features, Vola Finance unifies these into a seamless experience centered around debt reduction and credit improvement.
CreditMap aggregates verified loan data directly from credit bureaus and financial institutions via Method Financial and actively optimizes repayment schedules to lower users' total cost of debt, something competitors don't offer. The dashboard then translates that data into real-time, actionable insights, helping users monitor loans, track payment timelines, understand what's affecting their credit score, and manage cash flow in one place. Through its partnership with Esusu, Vola also provides credit-building features like alerts and rent reporting that can count toward users' credit scores.
"We believe that building strong credit shouldn't feel like a mystery. Vola CreditMap goes beyond simply showing users their credit score, we break down the specific factors influencing it and provide personalized guidance based on where they are in their financial journey," said Tushar Bagamane, CEO of Vola Finance. "Whether it's understanding credit utilization or identifying opportunities to improve their score, we're giving users real, actionable insights. With our growing library of financial literacy tools built directly into the dashboard, we're equipping them with the knowledge to make smarter decisions every step of the way."
Key features of Vola CreditMap include:
Centralized view of all active loans, including student, auto, credit card, and more
Real-time alerts for upcoming payments and opportunities to boost credit
Custom insights based on payment behavior and evolving credit bureau policies
Rent and utility tracking for inclusion in credit scoring, where eligible
Over 30,000 users have been using CreditMap in beta to gain deeper insight into their finances and credit health, and on average, users are managing five active loans. To date, the company supports 6,000+ banks and credit unions, and partners with banks and fintech solutions like Mastercard and FIS to help power Vola's platform.
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