Moneyhub, a leading UK data and analytics platform, has today announced an extension of their partnership with Experian, the global data and technology company, to introduce the innovative Credit Dashboard. This tool is designed to empower consumers with effective debt management solutions, enabling them to navigate financial challenges with greater ease and confidence.

This collaboration offers practical and personalised financial solutions for millions of consumers facing debt issues. It also complements Experian’s recent integration of ReFi™ to offer consumers affordable debt consolidation options, further enhancing the suite of tools available to tackle problem debt.

Moneyhub’s Credit Dashboard, now seamlessly integrated into Experian’s app, leverages personalised insights to assist UK adults in managing their debts more effectively and enhancing their financial resilience. This launch is timely, with recent statistics revealing that 7.4 million people in the UK are struggling with bill payments and credit repayments.

With the rising cost of living, many individuals are exploring borrowing options to cover essential expenses. Notably, 32% of private renters have borrowed money to pay rent and unsecured debt per UK household is projected to reach a record £17,200 by 2026.

Moneyhub and Experian jointly identified a significant opportunity to provide consumers with a user-friendly tool that integrates Open Finance data and offers actionable insights. This led to the development of the Credit Dashboard, which offers features such as transaction history, payment reminders, credit utilisation alerts, and debt consolidation journeys, all aimed at simplifying financial management and improving users' financial health.

Following a successful three-month pilot, the Credit Dashboard is set to be rolled out further to Experian’s extensive user base. This extension of the relationship between Moneyhub and Experian will allow for further enhancements aimed at empowering consumers to manage their debt more effectively.

Experian Consumer Services continues to strengthen its commitment to innovation by partnering with fintechs like Moneyhub. These collaborations are pivotal in delivering cutting-edge financial solutions that cater to the evolving needs of consumers, ensuring they have the tools necessary to achieve financial wellbeing, helping drive better outcomes and increased financial inclusion.

Dan Scholey, Chief Commercial Officer at Moneyhub said: “Problem debt can have a significant impact on people’s wider lives, work and mental health, as well as preventing the ability to create the space to save. Personalised analytics, leveraging Open Finance to access data with consent, provide practical, scalable and importantly, actionable solutions to help people regain control, get on top of their debts and manage overwhelm.

"Experian has a clear mission to improve financial inclusion, so by deploying these tools across its popular app used by millions across the UK, we are making financial wellness more convenient and accessible for all.”

Edu Castro, Managing Director, Consumer Services, at Experian UK&I comments: “Our extended partnership with Moneyhub is rooted in a shared mission to confront financial vulnerability, using personalised technology to provide real people with real solutions and promote financial inclusion. At a time when many are faced with debt and seeking ways to take control of their finances, the Credit Dashboard helps users understand their debt sources and provides personalised, actionable steps to reduce it—whether through consolidation, saving tips, or optimising credit use. We are thrilled with the positive outcomes we've seen so far and are eager to extend this tool to all our customers.”