Avant, a financial technology company, has introduced Credit Builder, a free financial health tool designed for middle-income Americans. The new offering provides personalized daily credit monitoring, month-to-month goal setting, actionable insights for credit improvement, and dedicated support for identity theft.
The Credit Builder tool is a result of a partnership with SavvyMoney. It integrates free personalized credit insights, real-time monitoring and alerts, daily access to credit scores and reports, goal setting functionalities, and a credit score simulator, all available to existing Avant customers via its mobile application. The credit score simulator allows users to model the impact of various financial actions, such as debt repayment or credit card closures, on their creditworthiness, providing immediate visibility into potential outcomes and aiding informed decision-making aligned with broader financial objectives.
Following a pilot launch in April 2025, Credit Builder gained significant traction, with 357,000 users adopting the tool by December of the same year. Key performance indicators from the initial user base include an 87% monthly active user rate among enrolled individuals, indicating high engagement. Additionally, 75% of Credit Builder users have either maintained a steady or improved credit score since their enrollment. The company also observed that customers utilizing Credit Builder demonstrated improved credit performance compared to those not yet enrolled.
Charles Whittaker, Chief Business Officer of Avant, stated, “At Avant, we believe that moving financial lives forward requires more than just access to credit; it requires the tools to manage it. With Credit Builder, we are proud to offer a free tool that arms users with actionable insights to proactively manage and improve their financial health.” He added that middle-income Americans seek a roadmap to financial stability, and Avant is committed to providing the necessary tools.
JB Orecchia, President and CEO of SavvyMoney, commented, “Credit Builder is built on the foundational belief that financial progress begins by putting data in the hands of the consumer, empowering them to navigate their financial journey with transparency.” Orecchia further explained that by offering a clear, real-time view of credit profiles and report details, coupled with actionable steps for improvement, Avant is facilitating a shift from passive monitoring to active credit building among its users.
Avant is a data-driven platform that delivers a range of financial products and services, including credit cards, personal loans, and a personal financial management tool, leveraging data and machine learning. Since launching personal loans in 2013 and credit cards in 2017, Avant has served over 4 million unique customers, connecting them to more than $12.5 billion in personal loans and over 2.8 million credit cards. Avant-branded credit products are issued by WebBank.
SavvyMoney specializes in financial wellness and growth solutions, collaborating with over 1,600 banks, credit unions, and fintechs. Its offerings combine real-time credit data with advanced digital personalization, analytics, and marketing tools, integrating with more than 43 digital banking platforms.
