Financial How have downloads of credit check apps been trending in the US and UK?
Businesses and consumers affected by the Covid-19 pandemic may begin to see an impact on their credit scores. The App Monitor tracks credit check app downloads in the US and UK relative to other apps.
- There were fewer credit app downloads in March compared to January and February 2020.
- Their average download rank in the US moved from 88 in January/February to 101 in March.
- The average UK rank dropped from 39 to 48 in the same period.
- Key apps that are part of the score include: Credit Karma, Experian, and Mint in the US and Clear Score, Experian Group, Money Supermarket, and Credit Karma in the UK.
Average download ranking of credit apps
Source: UBS Evidence Lab, Sensor Tower