NerdWallet might be worth a look if you are interested to see your credit score. Based on a VantageScore 3.0 score from TransUnion, it provides a free credit score ranging between 670 and 739. Check your score once per week and sign up to receive notifications when it changes.
NerdWallet's credit score varies between 670 and 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 over 800 is considered exceptional. NerdWallet does not provide a complete list of credit scores. The average credit score at August 2022 was 716. This puts it within the 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. If your credit score is lower than 670, lenders may not offer the same rate and may ask you to make a higher downpayment.
It is based in part on a VantageScore3.0 from TransUnion
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.
VantageScore's 4.0 model uses trended data to look at how credit was used over time. It also treats medical debt in collections more leniently 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
Based on your TransUnion credit reports, NerdWallet updates your credit score each week. These details can be accessed via the Credit Score dashboard. You can also access your entire credit history. With the complete suite of dashboards such as Net Worth, you can manage your money. NerdWallet allows you to connect all 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 result in 100 points being taken off your credit score. By setting up auto-payment for your bills, you can avoid missing any payments. Also, lawsuit judgments or collection accounts can affect your credit score. Identity theft can also cause credit damage. To protect yourself from identity theft, you should always check your credit report for free. NerdWallet provides free credit scores and credit reports for up to 8 years.
It notifies you of any changes to your TransUnion free credit reports
NerdWallet provides free alerts to you about any changes in TransUnion's credit report. It monitors credit reports and helps you understand the effects of credit scores changes. NerdWallet also offers financial analysis and personal insights that can assist you in making wise financial decisions.
There are many ways you can dispute incorrect credit report information. TransUnion can first be contacted with a 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.