![]() If you want to include transactions from your bank accounts and credit cards, you must also verify your mobile phone number. After you create an account by entering a username and strong password, the app asks for contact information and a Social Security number, which it needs to pull your credit information. You provide the same information to NerdWallet as you do to competing sites like WalletHub. NerdWallet has articles and interactive content that explain it all in great detail and help you stay on top of your score. You want to keep your credit score as high as you can, and knowing what factors go into it is critical for this. An unexpected change in your credit score could also tip you off early to fraud (for example, someone taking out loans in your name) and data breaches. Plus, your score may change regularly, which is a good reason to keep a close watch on it even if you’re not applying for more credit. Each of those bureaus computes a credit score based on that data, and they are usually slightly different from one bureau to another. ![]() How is the number calculated? Credit card issuers and other loan originators report the current status of your debt (such as how much debt you have and whether you make on-time payments) to three major reporting bureaus: Equifax, Experian, and TransUnion. Potential employers and landlords sometimes pull this number, too, as a way to check that you're in good financial standing. If you’ve ever applied for a credit card, car loan, or mortgage, the lender has requested your credit score to make sure they think you are a good candidate for the loan or line of credit you want. Checking their credit scores is one of the most common things people do with a personal finance app. Simplifi is not free, however, and NerdWallet is.Ī credit score is just what it sounds like: It’s a grade on your creditworthiness, only instead of A–F, the range is 300–850. While NerdWallet is clearly among the best personal finance apps, our Editors' Choice winner is Simplifi by Quicken, which has more tools for budgeting and managing your money. Since our last review, NerdWallet has improved its dashboard, created an effective new cash flow view, and introduced an innovative implementation of the 50/30/20 budget (more on that later). With a clear and intuitive user interface, NerdWallet is one of the best personal finance apps you can download. NerdWallet is free, supported by targeted recommendations for financial products like credit cards and mortgages, though the ads aren't intrusive. NerdWallet also lets you import financial transactions, meaning the line items from your banks and credit cards, so you can use the app to track your net worth and cash flow. It teaches you what your credit score is and helps you track it, and it has lots of information to help improve your financial literacy. NerdWallet's mission is to provide consumers and small businesses with the tools, information, and insight they need to make financial decisions. ![]() Best Hosted Endpoint Protection and Security Software.
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