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. Scores between 669 and 679 can be considered good. Scores between 669-679 can be considered fair. Anything higher than 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 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 upon a VantageScore 3.0 report from TransUnion
NerdWallet's credit score is calculated using a VantageScore 3.0 credit scoring model by TransUnion. This score is based upon information from a free credit report and ranges between 300 to 855. Although the scoring model has evolved over time, the core information is the same.
VantageScore 4.0 models incorporate trended data, which looks at credit usage over time. It also considers medical debt in collections less harshly than the 3.0 model. Both VantageScore models use machine learning to calculate a consumer's credit score. NerdWallet offers a free credit score based on a VantageScore 3.0 TransUnion.
It is updated on a weekly basis
NerdWallet keeps your credit score updated every week based off your TransUnion credit file. The Credit Score dashboard allows you to access all of this information. It also offers access to your entire credit report. The full suite of dashboards, including Net Worth, allow you to manage your money. NerdWallet even allows you to connect all of your financial accounts. NerdWallet offers a free access to your credit reports if you aren't sure if your credit score is correct.
A missed payment can result in 100 points being taken off your credit score. By setting up auto-payment for your bills, you can avoid missing any payments. Collection accounts and lawsuit judgments can also affect your credit score. Identity theft can also ruin your credit. Checking your credit report regularly is a good way to protect yourself against identity theft. NerdWallet provides free credit scores and credit reports for up to 8 years.
It alerts to changes in your TransUnion Free Credit Report
NerdWallet is a free service that alerts you to changes in your TransUnion free 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 ways you can dispute incorrect credit report information. TransUnion can be contacted to resolve your dispute. You have 30 days to wait before you get a reply in most cases. You can also check on the status of your dispute by following the instructions on the TransUnion website.