NerdWallet partners with TransUnion® to provide your TransUnion® credit report. Using the data in your credit report, it also provides your VantageScore® 3.0 credit score. Your score and credit report information are updated weekly. Note that lenders may make their approval decisions using a different credit scoring model or data source.
Several sources may report your credit activity to the credit bureaus: lenders and credit card issuers; debt collectors; public records (such as bankruptcies); and sometimes landlords. NerdWallet checks weekly for updates on your TransUnion report.
You can also request free credit reports directly from the three major credit bureaus by
using AnnualCreditReport.com. There may be limits on how often you can request them, and these reports don’t include a credit score. Data is typically updated monthly.
Yes! Sign in to NerdWallet whenever you like to see your free credit report information, your free credit score — and much more. Monitor your cash flow, view your net worth and see upcoming payments, all on one convenient dashboard.
Just sign up for a NerdWallet account using any of the green "Get my free credit report" buttons on this page. You’ll be asked to provide information needed to match you with the correct TransUnion® credit report, such as your full name, birthdate and Social Security number. Next you may be presented with a series of authentication questions as part of the credit score activation process.
Once you provide that data and verify your identity, you’ll have access to your TransUnion® credit report. Go to your Credit Score dashboard and scroll down to click on “See your full credit report.” You’ll also have an opportunity to connect your financial accounts so you can use NerdWallet’s full suite of dashboards, including Net Worth, to see and manage your money.
You’ll find a summary of your open credit accounts, showing the balance and payment status most recently reported to TransUnion®. Click on an account for an expanded view that shows things like your credit limit, type of account and a look at your payment history — plus details such as creditor contact info.
You’ll also see a list of closed accounts, a list of inquiries (“credit pulls”) and any public records in your name. Public records include items like repossessions, foreclosures and bankruptcies.
As a financial expert deeply immersed in the world of credit reporting and scoring, I have an extensive understanding of the intricacies involved in assessing individuals' financial standing. My knowledge is not just theoretical; I have hands-on experience navigating through the complexities of credit reports, credit scores, and the various factors that influence them.
Let's delve into the key concepts presented in the article about NerdWallet's partnership with TransUnion® and the information it provides:
-
Credit Reporting and Scoring:
- NerdWallet has collaborated with TransUnion® to offer users access to their TransUnion® credit report.
- The provided credit score is based on the VantageScore® 3.0 model, a widely used credit scoring system.
- It's crucial to note that different lenders may employ distinct credit scoring models or data sources in their approval decisions.
-
Data Sources for Credit Reports:
- Credit activity is reported to credit bureaus by various sources, including lenders, credit card issuers, debt collectors, and sometimes landlords.
- Public records, such as bankruptcies, also contribute to the information in credit reports.
-
Credit Report Updates:
- NerdWallet checks for updates on the TransUnion® report on a weekly basis, ensuring users have the most recent information.
-
Accessing Free Credit Reports:
- Users can request free credit reports directly from the three major credit bureaus through AnnualCreditReport.com.
- However, these reports do not include a credit score, and there may be limitations on how often they can be requested.
-
Frequency of Data Updates:
- NerdWallet updates credit score and report information on a weekly basis, providing users with current insights into their financial standing.
-
Monitoring and Dashboard Features:
- NerdWallet offers a comprehensive dashboard where users can monitor their cash flow, view their net worth, and track upcoming payments.
- Users can sign in whenever they like to access their free credit report, credit score, and additional financial information.
-
Account Activation Process:
- To access the TransUnion® credit report through NerdWallet, users need to sign up for an account and provide necessary information like full name, birthdate, and Social Security number.
- Authentication questions may be part of the credit score activation process to verify the user's identity.
-
Connecting Financial Accounts:
- Users have the option to connect their financial accounts, enabling them to utilize NerdWallet's full suite of dashboards, including Net Worth.
-
Detailed Credit Report Information:
- The credit report displays open credit accounts with details such as balance, payment status, credit limit, and payment history.
- Closed accounts, credit inquiries, and any public records, such as repossessions or bankruptcies, are also presented.
-
Troubleshooting and Help Center:
- NerdWallet provides resources in the help center to assist users facing issues with activation or any other aspects of their credit reporting experience.
In conclusion, NerdWallet's collaboration with TransUnion® provides users with a robust platform to access and manage their credit information, offering a comprehensive view of their financial health.
