Block to offer clients credit scores and analysis
H&R Block is partnering with online loan marketplace LendingTree to provide clients access to their credit score. Block clients can enter LendingTree via a MyBlock portal account.
The tax prep chain giant said the move aims to increase financial literacy and helps “educate taxpayers throughout the year about how taxes impact them based on life events like marriage, having a baby and starting a business,” said Heather Watts, Block senior vice president and general manager of digital, in a statement.
The LendingTree dashboard provides insight and information on factors impacting credit scores such as existing loans and credit cards, as well as suggestions for credit improvement. The technology also analyzes accounts and sends notifications about savings opportunities.
Taxpayers can access their MyBlock account on smartphones, tablets and desktop; they can also use the portal to review their tax checklist, check on the status of their return, and view their returns.
“Receiving their tax refund is the biggest financial transaction many people have all year. With the insight from My LendingTree, some clients could discover how they can use that money to decrease their debt, thereby taking steps to improve their financial outlook,” Watts said.