Wollit

The app is great. It works as it should do for its core selling point which is to report to agencies that you are paying on time a setback loan and it does actually increase your credit score, I saw my score jump when I started using the app, so bravo ☺️ The build quality of the app however leaves a little to be desired surrounding one specific element and that is rent reporting for some strange reason Wollit haven’t really nailed this down. I had my rent reporting set for the 30th of every month. Now on the occasion the rent might be paid a date prior to the 30th or after the 30th, purely based on standard banking practices such as money not being able to to be deposited into my bank on a certain day due to a and holiday, or my salary payment falling on a non banking day like the weekend, my ‘rent payment day’ (if you like) would occasionally change - so on some months I would pay on the 31st of the month, others I might pay on the 29th but consistently throughout the entirety of the year with my rent really not been that volatile and I believe consistently being paid on the same day to the same select account, Wollit hasn’t been able to detect it for some unknown reason In a bizarre turn as I had it set to the 30th when February came along in the app it highlighted that my payment would go out on the 30th of February!! There is no 30th of February obviously. This needs looking at. Out with a 12 months my rent has only successfully been reported twice. That is really the only thing that I can find wrong with this app the rest of it is fantastic

I had no credit history before joining but after just a few months my score has gone up loads. It’s mad how big a difference it has made! I love I didn’t have to do anything after setting it up too. It did take a little while to understand how it exactly worked when I first heard about it but it’s actually really simple. Essentially the money you pay Wollit each month then gets reported to Experian, Transunion and Equifax and the credit agencies take this into account when calculating your credit score. Wollit’s rent reporting feature is great for building your credit report too. Since joining I’ve been able to get approved for a couple of credit cards to also help build up my score. Can’t see any reason not to use Wollit.

They looking dodgy almost scam like. They have very few banks you can connect. They offered me 1.000 promise income while my income is double that amount. But my business account is not available to connect so I offered them bank statements showing income 2.400 and a drop in April and May due to lock down (£1.000) and they said they offer 1.000 promise cause of that and to pay and they’ll reviewed it in 3 months again. Meaning to pay them knowing they’ll never offer me a penny. Why would I pay for that? I’m an IT engineer not a minimum wage worker. Sorry lockdown happened and reduced the working days in half those months but at least I was working while 60-70% of ppl was having 0 income those 2 months. Beware could easily be a scam and by the time you realise it will already taken 30-50£ from each of us. With the fake promise of increasing it in the future. When I offered proof that what they offered is baseless(more than 6 months statements) they took the 1000£ income promise offer of the table, rejected the application and stopped answering to emails. Classic scam tactic right? UPDATE: I see, even tho I left you alone to do what you doing, you want round 2. Don’t call me this time tho cause if you do, you won’t like it