WalletHub.com, a website devoted to news, information, and user reviews of financial-services products, has added free VantageScore® credit scores to its roster of services.
The site will provide users who complete a free registration process with VantageScore® 3.0 credit scores based on credit-file data compiled by TransUnion, one of the three national credit reporting companies (CRCs).
“Credit files and credit scores are hugely important for consumers in a post-Great Recession environment, when lenders are perhaps being more judicious with account approval and the economic recovery has left many behind,” said Odysseas Papadimitriou, CEO of Evolution Finance, the parent company of WalletHub.com.
He added that WalletHub is the first score provider to offer daily updates to users’ credit reports and VantageScore® credit scores. “Financial institutions don’t review outdated data when considering applicants for account approval, and we feel consumers should not have to manage their finances or personal information on a delayed basis,” Papadimitriou said. “The real-time nature of TransUnion’s consumer data is a perfect fit.”
“Access to free credit scores from models that lenders use in actual lending decisions is an important step toward consumer awareness and understanding of the relationship between their scores and the behaviors that cause scores to rise or fall,” said VantageScore CEO Barrett Burns. “By offering VantageScore credit scores in a context of broader personal-finance information and education, WalletHub provides a great resource for empowering consumers to take control of their financial futures.”