NerdWallet might be worth a look if you are interested to see your credit score. It gives you a credit score that is between 670- 739 based upon a VantageScore of 3.0 from TransUnion. Check your score once per week and sign up to receive notifications when it changes.
NerdWallet's credit score ranges from 670 to 739
NerdWallet suggests that a credit score of 670-739 is considered good. Scores between 669 and 679 can be considered good. Scores between 669-679 can be considered fair. Anything above 800 will be considered exceptional. NerdWallet provides an approximate range of credit scores. Please use it as guidance only. The average credit score in August 2022 was 716. This falls within a good range.
Lenders will typically be more inclined to lend to borrowers who have a good credit rating. This is why they may offer lower rates. Lenders might not offer the same low rate of interest to you if your credit score falls below 670 or 739. In this case, they may ask for a higher down payment.
It is based on a VantageScore3.0 TransUnion score
NerdWallet's credit score is calculated using a VantageScore 3.0 credit scoring model by TransUnion. Based on the information in a credit report, this score can range from 300 to 850. The scoring model has changed over the years, but the basic information remains the same.
VantageScore4.0 incorporates trended information that tracks how consumers have used credit over time. It also deals with collections of medical debts more delicately than the 3.0 version. Both VantageScore models make use of machine learning to determine a consumer's credit score. NerdWallet offers a free credit score based on a VantageScore 3.0 TransUnion.
It is updated each week
Your NerdWallet credit score is updated each week based on your TransUnion credit report. The Credit Score dashboard allows you to access all of this information. It also offers access to your entire credit report. You can also manage money using the entire suite of dashboards like Net Worth. NerdWallet also allows you to connect all your financial accounts. NerdWallet offers a free access to your credit reports if you aren't sure if your credit score is correct.
You can lose 100 points on your credit score if you miss a payment. Set up auto-payment to your bills to avoid missing a single payment. Collection accounts and lawsuit judgments can also affect your credit score. Your credit score can be damaged by identity theft. To protect yourself from identity theft, you should always check your credit report for free. NerdWallet offers credit scores and free credit reports up to eight years.
It informs you about any changes to TransUnion's free credit report
NerdWallet alerts you to any changes in your TransUnion credit report. It monitors your credit for changes and helps understand the impact of those changes on credit scores. NerdWallet can also provide credit analysis and financial insights that will assist you in making smart financial decisions.
There are many ways you can dispute incorrect credit report information. TransUnion may first respond to your dispute. In most cases you can wait 30 days for a response. Follow the instructions on TransUnion's website to see the status of the dispute.