NerdWallet may be a good option if you're interested in your credit score. It gives you a credit score that is between 670- 739 based upon a VantageScore of 3.0 from TransUnion. You can check your score once a week and sign up for notifications when it changes.
NerdWallet is able to calculate credit scores between 670 - 739
NerdWallet suggests that a credit score of 670-739 is considered good. A score between these levels is considered good, while those between 669 and 679 are considered fair. Anything over 800 is considered exceptional. NerdWallet's credit score range is only an estimate. It should not be considered as a guideline. The average credit score, as of August 2022, was 716. This falls within the acceptable range.
Lenders tend to favor borrowers with good credit scores, and will offer more competitive rates. However, if your credit score falls between 670 and 739, lenders may not offer you the same low interest rate and may require a higher down payment.
It is based in part on a VantageScore3.0 from TransUnion
NerdWallet takes its credit score from a VantageScore3.0 credit scoring algorithm developed by TransUnion. This score is based upon information from a free credit report and ranges between 300 to 855. While the scoring model has changed over time, the fundamental information has remained the same.
VantageScore® 4.0 uses trended data to analyze how credit is being used over time. It also deals with collections of medical debts more delicately than the 3.0 version. Both VantageScore models utilize machine learning for calculating a consumer’s credit score. NerdWallet will give you a free credit score. This is based in part on a VantageScore3.0 from TransUnion.
It is updated each week
Your NerdWallet credit score is updated each week based on your TransUnion credit report. You can access these information via the Credit Score dashboard. It gives you access also to your entire credit file. You can also manage all aspects of your money through the suite of dashboards that are available, such Net Worth. NerdWallet even allows you to connect all of your financial accounts. NerdWallet provides a free credit report that will allow you to verify your credit score.
A missed payment could result in 100 points being removed from your credit rating. Setting up auto-payment for your bills can help you avoid missing a payment. You may also experience credit scores reductions due to collection accounts or judgments from a court. Identity theft can also affect your credit score. You can protect your identity theft by checking your credit reports for free. NerdWallet offers credit scores up to eighteen years old and free credit reports from NerdWallet.
It alerts you to changes on your TransUnion free credit report
NerdWallet alerts you to any changes in your TransUnion credit report. It works by monitoring your credit report for changes and helps you understand the impact of changes on your credit score. NerdWallet offers credit analysis and personal insights to help you make sound financial decisions.
There are several ways to dispute inaccurate credit information. TransUnion can first be contacted with a dispute. In most cases, you will receive a response within 30 days. The TransUnion website has detailed instructions that will allow you to check the status of your dispute.