Can you trust NerdWallet?

Asked by: Justina Doyle  |  Last update: February 9, 2022
Score: 4.8/5 (58 votes)

Yes, NerdWallet is legitimate. It is a popular personal finance website that has helped many people make better financial decisions. More than 77,000 consumers have given the NerdWallet app a 4.8 out of 5 star rating, and the website provides financial guidance to more than 100 million consumers each year.

Is NerdWallet safe?

The NerdWallet app is safe. NerdWallet does not store bank passwords or credentials. When you download the app, this is what you'll see on the homepage. You'll see your net worth, credit score, cash flow, and more.

Is NerdWallet a good idea?

NerdWallet offers excellent money-tracking tools, mobile apps, and personal finance tips, but it also has minimal transaction management and a sprawling site layout.

What is better than NerdWallet?

10 Best NerdWallet Alternatives in 2021
  • The 10 Best NerdWallet Alternatives and Competitors.
  • Bankrate.
  • The Balance.
  • SmartAsset.
  • The Points Guy.
  • ValuePenguin.
  • The Penny Hoarder.
  • WalletHub.

Who is NerdWallet owned by?

Tim Chen is the CEO and co-founder of NerdWallet and board member at the National Foundation for Credit Counseling.

What is NerdWallet? Making Personal Finance Transparent

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How does NerdWallet make its money?

NerdWallet earns money through affiliate commissions. Financial institutions, such as banks or mortgage lenders compensate the company for each signup created through the company's platform. NerdWallet was founded in 2009 and has evolved to become one of the major financial comparison websites in the United States.

What is the purpose of NerdWallet?

Our mission is to provide the tools, information, and insight people need to navigate all of life's financial decisions. So they can easily find what they need and get back to life.

Does Truebill really work?

According to its website, Truebill works to “optimize your spending, manage subscriptions, lower your bills, and stay on top of your financial life.” ... To understand how Truebill works, it's easiest to break the service into four parts: Lowering Your Bills, Managing Subscriptions, Seeking Refunds and Premium Services.

Who are Nerdwallets competitors?

NerdWallet competitors include Credit Karma, Bankrate, Inc., FeeX and Mint.

Why is Yodlee accessing my bank account?

What is Yodlee and why am I being asked to connect my bank account with it? ... It ensures that when Biz2Credit attempts to deposit funds in your account the bank does not return the payment, which would lead to long processing delays and prevent you from receiving the funding your business deserves.

What can I do with NerdWallet?

The NerdWallet app simplifies money management by bringing all your accounts, cards, and loans into one place. With everything connected, we'll provide tips and insights to help you make smart money decisions.

Is plaid safe NerdWallet?

Is Plaid Safe to Use? As with most companies that transfer financial information, Plaid says it takes the security of its customers' data very seriously. Plaid uses encryption protocols like the Advanced Encryption Standard (AES 256) and Transport Layer Security (TLS) when transmitting financial data.

What is the 50 20 30 budget rule?

The 50-20-30 rule is a money management technique that divides your paycheck into three categories: 50% for the essentials, 20% for savings and 30% for everything else. 50% for essentials: Rent and other housing costs, groceries, gas, etc.

How popular is NerdWallet?

Today, Tim Chen is CEO and co-founder of personal finance website NerdWallet, which sees 10 million monthly visitors and is valued at more than $500 million.

Is CreditKarma safe?

Credit Karma goes the extra mile when it comes to the safe-keeping of our members' personal information. We use 128-bit or higher encryption to protect during the transmission of data to our site and encrypt data at rest. If we suspect any suspicious activity on your account then we'll alert you as soon as possible.

How much is Truebill a month?

Truebill is a free app with premium addons. To access the premium services, you have to pay a monthly fee of between $3 and $12 per month (you choose how much to pay within this range).

Is Truebill safe to link bank account?

And there's no need to worry about the safety of your financial information or accounts. Truebill securely connects to your accounts using bank-level security with 256-bit SSL encryption and read-only access.

Does Truebill really lower bills?

Lower My Bills

For Truebill to lower your bill, you'll upload a copy of your most recent bill with one of the service providers or connect directly to your online account. Then, you'll provide information about the service you're already receiving. After that, Truebill will negotiate a lower rate for you.

Which is better NerdWallet or WalletHub?

In a nice touch, WalletHub has articles devoted to personal finance topics, but more would be welcome. NerdWallet is much stronger in that area. WalletHub's mobile apps give you access to the details of all of the accounts included in your credit score.

Does NerdWallet use FICO?

When you or a lender "check your credit," a scoring model from either FICO® or VantageScore® is applied to the current data in one of your credit reports. ... NerdWallet uses VantageScore® 3.0 and your TransUnion® credit report data. Most lending decisions are made using the FICO® model.

Is NerdWallet good stock?

Yes, NerdWallet is a credible and unbiased resource. It holds positive ratings with a variety of review aggregators for its money-tracking tools, mobile app, and personal finance reviews. Besides editorial content, it's noteworthy for its financial tracking, handling of credit score issues, and mobile app.

Does NerdWallet have a budget?

Budgeting resources from NerdWallet

NerdWallet breaks down your spending and shows you ways to save. We also offer other options you can try: Use a free budget worksheet to record your expenses.

What is it like to work at NerdWallet?

The employee experience below at NerdWallet, compared to a typical company. 100% of employees at NerdWallet say it is a great place to work compared to 59% of employees at a typical U.S.-based company. Our facilities contribute to a good working environment. Management is honest and ethical in its business practices.

Is Cashapp safe?

Cash App uses cutting-edge encryption and fraud detection technology to make sure your data and money is secure. Any information you submit is encrypted and sent to our servers securely, regardless of whether you're using a public or private Wi-Fi connection or data service (3G, 4G, or EDGE).