If you are interested in your credit score, you might want to check out NerdWallet. Based on a VantageScore 3.0 score from TransUnion, it provides a free credit score ranging between 670 and 739. You can view your score every week and sign-up for notifications when it changes.
NerdWallet has a credit score of 670-739
NerdWallet states that a good credit rating is anywhere from 670 to 739. Scores between 669 and 679 can be considered good. Scores between 669-679 can be considered fair. Anything over 800 is considered exceptional. The range of credit scores that NerdWallet uses is an approximate one; it should be taken as general guidance only. The average credit score in August 2022 was 716. This falls within a good range.
Lenders are more likely to give competitive rates to borrowers with high credit scores. 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 on a VantageScore3.0 TransUnion score
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. While the scoring model has changed over time, the fundamental information has remained 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 will give you a free credit score. This is based in part on a VantageScore3.0 from TransUnion.
It is updated once a week
NerdWallet's credit score is updated every week based upon your TransUnion credit report. You can access these information via the Credit Score dashboard. It gives you access also to your entire credit file. You can also manage money using the entire suite of dashboards like Net Worth. 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 knock 100 points off your credit score. You can avoid missing a payment by setting up automatic payments for your bills. Lawsuit judgments and collection accounts can also impact your credit score. Identity theft can also cause credit damage. 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 will alert you to any changes in your TransUnion credit report
NerdWallet alerts you to any changes in your TransUnion credit report. It monitors credit reports and helps you understand the effects of credit scores changes. NerdWallet also provides credit analysis and personal insights that can help you make wise financial choices.
There are many options to dispute incorrect credit report information. TransUnion can be contacted to resolve your dispute. In most cases you can wait 30 days for a response. You can also access TransUnion's website and check the status to your dispute.