NerdWallet is a website that can help you assess your credit score. It offers a credit score as low as 670, up to 739, depending on TransUnion's VantageScore3.0. Check your score once per week and sign up to receive notifications when it changes.
NerdWallet's credit score is between 670 and 739
According to NerdWallet, a good credit score falls between 670 and 739. These scores are considered to be good while scores between 669-679 are considered fair. Anything above 800 is considered exceptional. NerdWallet only uses an approximate range of credit scores. This should not be considered as a definitive guideline. The average credit score as of August 2022 was 716. This is 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. 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
The NerdWallet credit score is based off of a VantageScore 3.0 from the credit scoring model developed by TransUnion. This score ranges from 300 to 850 and is based on information contained in a free credit report. While the scoring model has changed over time, the fundamental information has remained 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 will give you a free credit score. This is based in part on a VantageScore3.0 from TransUnion.
It is updated weekly
NerdWallet keeps your credit score updated every week based off your TransUnion credit file. You can access these information via the Credit Score dashboard. It also offers access to your entire credit report. You can also manage your money with the full suite of dashboards available, such as Net Worth. NerdWallet also allows you to connect all your financial accounts. NerdWallet provides a free credit report that will allow you to verify your credit score.
You can lose 100 points on your credit score if you miss a payment. 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 cause credit damage. To protect yourself from identity theft, you should always check your credit report for free. NerdWallet offers free credit reports and credit scores for up to eight 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 can also provide credit analysis and financial insights that will assist you in making smart financial decisions.
There are plenty of ways to dispute inaccurate information on your credit report. TransUnion can be contacted to resolve your dispute. Most cases will give you 30 days to await a response. You can also check on the status of your dispute by following the instructions on the TransUnion website.