Is NerdWallet better than Credit Karma?

Asked by: Skyla Rempel DDS  |  Last update: February 13, 2023
Score: 4.9/5 (58 votes)

In terms of providing information about your credit score and how you might improve it, the two sites are fairly comparable, though Credit Karma offers a superior user experience. It also contains scores and reports from two reporting agencies, NerdWallet is restricted to one: TransUnion.

What site is better than Credit Karma?

Equifax. Equifax, one of the three credit bureaus, is one of the strongest sites overall, despite the monthly fee. It offers credit scores and reports from all three bureaus, simulation tools, educational resources, identity protection.

Is NerdWallet safe for credit score?

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.

What is better than NerdWallet?

NerdWallet competitors include Credit Karma, Bankrate, Inc., FeeX and Mint. NerdWallet ranks 2nd in CEO Score on Comparably vs its competitors. See below how NerdWallet compares to its competitors with CEO Rankings, Overall Culture Score, eNPS, Gender and Diversity Scores.

What credit score does NerdWallet use?

The two types of credit scores most commonly used in credit decisions are the FICO score and its competitor, VantageScore®. NerdWallet partners with TransUnion® to present your credit report and a VantageScore® 3.0.

BE CAREFUL USING CREDIT KARMA - WHAT YOU SHOULD KNOW

29 related questions found

Is NerdWallet a good app?

This app is great because it helps you make better informed decisions. The NerdWallet app analyzes your financial situation once you link your accounts, and gives you recommendations such as: How much interest you can earn by switching over to a high yield savings account.

Is Credit Karma accurate?

The credit scores and reports you see on Credit Karma should accurately reflect your credit information as reported by those bureaus. This means a couple of things: The scores we provide are actual credit scores pulled from two of the major consumer credit bureaus, not just estimates of your credit rating.

Is NerdWallet unbiased?

Nerdwallet is painting these financial predators in a light of praise and positivity because they are PAID. The reviews are BIASED and INNACURATE, manipulating the trust of it's readers.

How popular is NerdWallet?

N), NerdWallet provides financial guidance to users on credit cards, loans, mortgages and other financial products. It boasts more than 100 million users every year of its personal finance website and mobile phone app and counts venture capital firm IVF and SVB Financial Group (SIVB. O) among its investors.

What is similar to NerdWallet?

10 Best NerdWallet Alternatives in 2022
  • The 10 Best NerdWallet Alternatives and Competitors.
  • Bankrate.
  • The Balance.
  • SmartAsset.
  • The Points Guy.
  • ValuePenguin.
  • The Penny Hoarder.
  • WalletHub.

Who is behind NerdWallet?

In 2009, Tim and co-founder Jake Gibson started NerdWallet with a goal to bring clarity to all of life's financial decisions. Since then, he's been busy as CEO of NerdWallet, helping inspire our Nerds to bring clarity to personal finance.

Which credit score is most accurate?

The most accurate credit scores are the latest versions of the FICO Score and VantageScore credit-scoring models: FICO Score 8 and VantageScore 3.0. It is important to check a reputable, accurate credit score because there are more than 1,000 different types of credit scores floating around.

Should I link my accounts to NerdWallet?

Why do you need my bank's username and password? Linking your bank accounts to NerdWallet's dashboard not only allows you to see all your accounts in one place and transfer money between them, but it also helps us provide the best, most personalized recommendations for you.

How far off is Credit Karma?

Credit Karma touts that it will always be free to the consumers who use its website or mobile app. But how accurate is Credit Karma? In some cases, as seen in an example below, Credit Karma may be off by 20 to 25 points.

Who are Credit Karma's competitors?

Credit Karma's competitors include NerdWallet, Credit Sesame, and Mint, which also offer free credit score information and financial tools.

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.

Should I give NerdWallet my Social Security number?

Your credit history is tracked using your Social Security number, so TransUnion, our credit reporting partner, needs it to pull your credit score and reports.

Does NerdWallet sell your data?

Personal Information We Collect, Disclose for a Business Purpose, and Sell. We collect the categories of personal information about California consumers identified in the chart below and use and disclose to third parties this information for business or commercial purposes.

Why is NerdWallet successful?

This startup gained traction as an easy-to-use tool for comparing credit cards. NerdWallet earns money from affiliate commissions that are established by affiliate agreements.

Is NerdWallet real?

Nerdwallet is not a real company

Nerdwallet does not have a real product. Nerdwallet has a page full of companies that will pay them for the traffic that they generate and there is absolutely no rhyme or reason behind their recommendations or ratings beyond this.

How does NerdWallet make money?

NerdWallet is an online platform providing tools and tips on all matters related to personal finance. The company gained traction as a simple web application comparing credit cards. NerdWallet makes money via affiliate commissions determined according to the affiliate agreements.

Is 650 a good credit score?

A FICO score of 650 is considered fair—better than poor, but less than good. It falls below the national average FICO® Score of 710, and solidly within the fair score range of 580 to 669.

Why is my FICO score 100 points lower than Credit Karma?

Some lenders report to all three major credit bureaus, but others report to only one or two. Because of this difference in reporting, each of the three credit bureaus may have slightly different credit report information for you and you may see different scores as a result.

How do I get my true FICO score for free?

You can get your FICO® Score for free from hundreds of financial services companies, including banks, credit unions, credit card issuers and credit counselors that participate in the FICO® Score Open Access program and offer free scores to customers.

Is NerdWallet budget free?

Enter your monthly after-tax income into this free budget calculator to create a suggested budget. Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page.