NerdWallet may be a good option if you're interested in your credit score. Based on a VantageScore 3.0 score from TransUnion, it provides a free credit score ranging between 670 and 739. You can review your score once a day and sign up for email notifications when it changes.
NerdWallet is able to calculate credit scores between 670 - 739
NerdWallet says that a good credit score is between 670 to 739. A score of between 669- 679 is considered good. Scores below 669 are considered fair. Anything above 800 is considered exceptional. NerdWallet's credit score range is only an estimate. It should not be considered as a guideline. As of August 2022, the average credit score was 716, which falls within the good range.
Lenders will tend to be more favorable towards borrowers with a higher credit score. They are therefore likely to offer competitive rates. Lenders may not offer the same low interest rates to borrowers whose credit scores are between 670-739. They may also require a higher downpayment.
It is based on a VantageScore 3.0 from TransUnion
NerdWallet is based on a VantageScore 30.0 credit scoring system developed by TransUnion. This score is based upon information from a free credit report and ranges between 300 to 855. While the scoring system has changed over time the basic information has remained constant.
VantageScore 4.0 models incorporate trended data, which looks at credit usage over time. The 3.0 version does not treat collections of medical bills as well. Both VantageScore models use machine learning to calculate a consumer's credit score. NerdWallet provides a free credit score. It is based off a VantageScore of 3.0 from TransUnion.
It is updated on a weekly basis
Your NerdWallet credit score is updated each week based on your TransUnion credit report. You can access these information via the Credit Score dashboard. This dashboard gives you full access to all of your credit reports. The full suite of dashboards, including Net Worth, allow you to manage your money. NerdWallet can also connect to all your financial accounts. NerdWallet gives you access to your credit report for free if you have any doubts about your credit score.
A missed payment can knock 100 points off your credit score. Setting up auto-payment for your bills can help you avoid missing a payment. Your credit score can also be affected by collection accounts or lawsuit judgments. Identity theft can also cause credit damage. To protect yourself from identity theft, you should always check your credit report for free. NerdWallet offers credit scores up to eighteen years old and free credit reports from NerdWallet.
It alerts to changes in your TransUnion Free Credit Report
NerdWallet alerts you to any changes in your TransUnion credit report. It monitors your credit report and helps you understand how changes affect your credit score. NerdWallet offers credit analysis and personal insights to help you make sound financial decisions.
There are many options to dispute incorrect credit report information. TransUnion may first respond to your dispute. In most cases, you have 30 days to wait for a response. Follow the instructions on TransUnion's website to see the status of the dispute.