For some, January can feel overwhelming, full of unrealistic expectations for new habits to set in stone for the year. But when it comes to your money, you don’t have to try and change habits without help. Below are four partners, all integrated into the Starling Marketplace, that you can set up in minutes and could help keep you on track throughout the year.
CreditLadder: Boosting your credit score through rent payments
There’s a Catch-22 with credit scores, especially for those who rent their homes, but aspire to buy. To be eligible for a mortgage, you’ll need a good credit score. But to improve your credit score, you need to prove that you’re trustworthy when paying back debt, for example by paying your mortgage. So how can you hack the system? The answer is by connecting your Starling account to CreditLadder. Make regular, on-time rent payments count towards your credit score, by registering them through CreditLadder, a regulated free service for renters who want to build their Experian credit history.
Flux: Discounts and digital receipts
One of the fastest integrations to set up is with Flux, Starling’s first in-app Marketplace partner. Flux provides digital, itemised receipts when you buy from one of their partners, so that you don’t have to keep track of them or waste paper. Retailers using Flux include EAT, itsu, Pure, KFC, COSTA, GIRAFFE, Ed’s and JUST EAT. Flux also provides loyalty points and discounts through its partners. Collecting loyalty points becomes much easier as Flux connects loyalty programmes directly to your Starling account.
Wealthify: Investing with just £1
Have you always wanted to try investing, but haven’t known how or where to? Wealthify could be the perfect platform. You could start with just £1 and choose to set up weekly or monthly direct debits to keep building your investment slowly, as you learn more about how it works. Set up takes less than ten minutes and you’ll be able to keep track of how much you’ve set aside straight from the Starling app. Remember that investments can go up and down so you may get back less than you pay in. It’s recommended that you invest for the long term if you can.
PensionBee: Organising your pots
Very few people find one job and stick with it for life. Most people will have multiple employers across their career. And that means they’ll also have multiple pensions, often spread out in different places. PensionBee combines and transfers all your old pensions into a single new online plan. When you connect PensionBee to your Starling account, you’ll be able to see that total balance from the Marketplace. This means you can check how much you’re building up within the Starling app, something that can motivate you to keep going, similar to your Starling saving Goals. You can set up weekly or monthly direct debits to top up your pension, or make independent contributions if you’re self-employed. PensionBee does all the gathering and switching for you, all you have to do is set it in motion.