The Work Index by Flexa

Wollit

Wollit is a credit-building app that helps individuals improve their credit score in the UK through a monthly subscription service.

https://www.wollit.com/
4.8

/10

Transparency ranking

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Description

Wollit is a UK-based company specializing in credit building services, specifically designed for individuals seeking to improve their creditworthiness. They offer a subscription-based "Credit Builder Service" where users purchase a plan on credit and make monthly payments. Wollit reports these payments to all major UK credit reference agencies, building a positive credit history for users. This service is particularly beneficial for those new to credit in the UK, looking to repair their credit, or planning to buy a home.

Wollit also provides a range of free resources and tools, including financial education guides, a credit finder service, and a knowledge base with information about credit scores, building credit, and renting in the UK. They are regulated by the Financial Conduct Authority for Credit Broking and act as an agent of TrueLayer for providing account information services. Wollit's commitment to transparency and user-friendly services makes it a popular choice for individuals aiming to achieve financial freedom through improved credit scores.

Mission

Wollit is a financial technology company focused on helping individuals in the UK build their credit history and improve their credit score. They offer a variety of services, including a credit building app that reports monthly subscriptions as loan repayments to all major credit agencies, rent reporting to Experian, and a credit finder service to help users find suitable credit options from trusted lenders. Wollit's mission is to make credit accessible and affordable for everyone, empowering individuals to achieve better financial outcomes.

Improving quality of life/health
Tech for good

Culture

Wollit promotes a culture of transparency and accessibility, making credit building easy and stress-free for individuals of all backgrounds. They prioritize user-friendliness, providing clear explanations and straightforward solutions through their app and knowledge base. Their commitment to expert support and customer satisfaction is evident in their positive Trustpilot reviews and emphasis on proven track record.

People-first
Progressive
Supportive

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