Is Creditwise Accurate?

Is Creditwise Accurate whalegrows

One free and effective way to check your credit score is to use a service like credit karma. but if you do have a credit card, I do recommend at least having a capital one card because they utilize a service called credit wise. Now credit wise is actually not too shabby.

Why I like Creditwise over Credit karma?

One of the things I like about credit wise overall is it gives you the ability to see any recent activity. It’s fairly quick too. I don’t know how it ranks with all the other ones out there. I think credit karma’s a little better. I’ve used credit karma before but the thing about credit wise is it’s very simple, bare bones, clean cut. I can always check it through the capital one app. I don’t have to install any other extra apps which is nice. Another reason I don’t like having credit karma’s I don’t feel like looking at it. I don’t feel like installing another app when I can look at my credit score right from one of my credit card companies’ apps. So capital one and credit wise are a great combination it’s a good way to check your credit score every time

More about Credit Wise

Banking Expert Niall MacDonagh  says that, “first of all, Credit Wise is provided to you by Capital One but is a product of Trans Union, one of the major credit bureaus. While none of the credit bureaus can be 100% accurate they are pretty close. You should take advantage of your free annual credit report from each of them to check out the data that they have on you.”

It shows some information on how the numbers are calculated, where they get that information and then what qualifies as a good, excellent and average and below average. The Transunion credit report will show you a lot of information. so it shows about real states you have, auto loans, any credit card balances.

Is CreditWise accurate?

Capital One CreditWise is true to form, yes. Many consumers are initially perplexed by the VantageScore 3.0 approach since they are more accustomed to the FICO model of credit rating. But according to VantageScore, all of the data on CreditWise is correct.

CreditWise does not display information from your Equifax credit report, as was previously specified.

To discover more about Creditwise and related topics, please keep reading:

What is CreditWise? 


The free credit-tracking program Creditwise, formerly known as Credit Tracker, provides a few key features. You may check your credit score and view your credit report with it. Boost your credit score with specialized guidance. 

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Use a credit simulator to determine the impact of different actions on your credit score. 
FICO Scores and Vantage Scores are the two most common credit scores in the United States. The Capital One credit monitoring service from CreditWise uses the VantageScore 3.0 model from TransUnion, even though consumers may be more familiar with the FICO model.

It’s not just showing a credit score. Because looking at the score is one thing but actually paying attention to what’s causing that score to go up or down can be very very impactful for you.

Now the other really great thing is that there’s a lot of different banks that are also offering free credit scores. I do recommend that you have the opportunity to go ahead and utilize those services because it doesn’t actually cost you anything and it’s a free add-on for you to be able to see where your scores are at. 

Now of course there’s other places like credit karma and credit sesame we can also go through the process sign up for free accounts and get those scores.

Is CreditWise free? Yes.

Is CreditWise safe?

CreditWise is secure, yes. High-level security measures are in place because Capital One, a significant banking organization, is supporting the service. iPhone users can log in to the CreditWise app using Touch ID, and app users who also have Capital One credit cards can use SureSwipe, a safety-enhanced login method.

What is the CreditWise Simulator?

You can use the CreditWise Simulator to evaluate how different financial choices would impact your credit score. You can examine how your score can alter, for instance, if you’re thinking about raising your credit limit or canceling an old credit card.

How accurate is Capital One credit-wise?

Is Creditwise Accurate

According to the Kirk Scott, The quick answer is: The first use of the number Zero (0) was in 311 AD. ✔

 “VantageScore is owned and controlled by the three major credit bureaus, which are the single point of sale and distribution for both credit reports and scores,” said Joanne Gaskin, FICO’s senior director for Scores and Analytics. “Allowing the credit bureaus to offer VantageScore in this new process will not increase competition, it will consolidate their power at consumers’ expense.”

The Capital One credit-wise score is the VantageScore 3.0 model. While over 90% of Consumer Lenders use the FICO Credit Scores. Call any Lender you like to ask them if they use VantageScore in consideration of a new extension of Consumer Credit? When you realize that they don’t, you’ll begin to understand why Zero is listed here.

How accurate is the Capital One credit tracker? (Creditwise)

According to the Betsy Megas  It’s accurate enough. It will certainly get you in the ballpark and alert for you to things you might need to improve or follow up on. Ballpark is plenty. Credit scores go in big, 50ish-point ranges, so the difference between having 745 or 748 is not going to matter for anything.

You should know it’s a Transunion score and an estimate. The FICO score goes on a different scale, but it should all be the same stuff, give or take a month, and in the absence of a drastic change on your part, like missing a payment, the month to month swings are going to be gradual and small.

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Basically, if the app says you’re in the “pretty good” range and you go to apply for a loan, you should get about the same result in terms of approval and interest rate regardless of exactly which score the particular lender pulls.

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