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. Check your score once per week and sign up to receive notifications when it changes.
NerdWallet's credit score ranges from 670 to 739
NerdWallet estimates that good credit scores range from 670 to 739. Scores between 669 and 679 can be considered good. Scores between 669-679 can be considered fair. Anything above 800 will be considered exceptional. NerdWallet provides an approximate range of credit scores. Please use it as guidance only. The average credit score at August 2022 was 716. This puts it within the good range.
Lenders tend to favor borrowers with good credit scores, and will offer more competitive rates. If your credit score is between 670 and 739 lenders might not offer you the same interest rate or require a larger down payment.
It is based on a VantageScore 3.0 from TransUnion
NerdWallet takes its credit score from a VantageScore3.0 credit scoring algorithm developed by TransUnion. This score ranges anywhere from 300 to 85 and is calculated using information obtained through a free credit check. While the scoring system has changed over time the basic information has remained constant.
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 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 on a weekly basis
Your NerdWallet credit score is updated each week based on your TransUnion credit report. This information is accessible via the Credit Score dashboard. It gives you access also to your entire credit file. You can also manage your money with the full suite of dashboards available, such as Net Worth. NerdWallet even allows you to connect all of your 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. Setting up auto-payment for your bills can help you avoid missing a payment. Collection accounts and lawsuit judgments can also affect your credit score. Your credit score can be damaged by identity theft. To protect yourself from identity theft, you should always check your credit report for free. NerdWallet offers credit scores and free credit reports up to eight years.
It alerts you to changes on 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 for changes and helps understand the impact of those changes on credit scores. NerdWallet offers credit analysis and personal insights to help you make sound financial decisions.
There are plenty of ways to dispute inaccurate information on your credit report. First, you can send a dispute to TransUnion. In most cases, you have 30 days to wait for a response. You can also check on the status of your dispute by following the instructions on the TransUnion website.