NerdWallet is a website that can help you assess 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 check your score once a week and sign up for notifications when it changes.
NerdWallet has a credit score of 670-739
NerdWallet estimates that good credit scores range from 670 to 739. A score between these levels is considered good, while those between 669 and 679 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. The average credit score, as of August 2022, was 716. This falls within the acceptable range.
Lenders will tend to be more favorable towards borrowers with a higher credit score. They are therefore likely to offer 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 ranges in value from 300 up to 850, and is based off information found in a free credit file. Although the scoring model has evolved over time, the core information is the same.
VantageScore4.0 incorporates trended information that tracks how consumers have used credit over time. It also treats medical debt in collections more leniently than the 3.0 version. Both VantageScore models are based on machine learning and calculate credit scores for consumers. NerdWallet provides a free credit score. It is based off a VantageScore of 3.0 from TransUnion.
It is updated weekly
NerdWallet credits scores are updated weekly based on TransUnion credit reports. These details can be accessed via the Credit Score dashboard. It gives you access also to your entire credit file. The full suite of dashboards, including Net Worth, allow you to manage your money. NerdWallet also allows you to connect all your financial accounts. NerdWallet allows you to access your credit report free of charge if you are unsure about your credit score.
Your credit score can be affected by a missed payment. By setting up auto-payment for your bills, you can avoid missing any payments. Your credit score can also be affected by collection accounts or lawsuit judgments. Identity theft can also cause credit damage. You can protect your identity theft by checking your credit reports for free. NerdWallet offers credit scores and free credit reports up to eight years.
It notifies you of any changes to your TransUnion free credit reports
NerdWallet alerts you to any changes in your TransUnion credit report. It monitors your credit reports for changes and helps to understand the impact on your credit score. NerdWallet also offers financial analysis and personal insights that can assist you in making wise financial decisions.
There are plenty of ways to dispute inaccurate information on your credit report. TransUnion can be contacted for a dispute. In most cases, you will receive a response within 30 days. Follow the instructions on TransUnion's website to see the status of the dispute.