Chip Lupo, Credit Card Writer
@CLoop
No, WalletHub does not hurt your credit score. Neither signing up for WalletHub nor using WalletHub’s tools will hurt your credit score in any way, but you are likely to see credit score improvement if you follow WalletHub’s personalized credit improvement advice and keep tabs on your free credit score and report.
WalletHub does not report information to the major credit bureaus, so no information from WalletHub can show up on your credit report, which is what your credit score is based on. In addition, when you check your credit score and report on WalletHub, there’s no hard inquiry, so your score won’t be affected.
WalletHub Features That Can Help Your Credit
- Personalized credit improvement advice
- Free credit score simulator
- Free credit scores, updated daily
- Free credit reports, updated daily
- Free credit monitoring
- Education center
- Editors’ picks: best credit cards for building credit
- Editors’ picks: best credit-builder loans
People also ask
Is WalletHub safe?
WalletHub is safe! You should feel at ease about providing your details, as our system is completely safe, through the same 128-bit encryption and SSL that banks use.
Furthermore, we use two-step verification to secure your WalletHub account. When you enable two-step verification, we will send a code to your cell phone when you log in to the site, that only you have access to. This adds even more protection to your WalletHub account.
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Does WalletHub use FICO or Vantage for scoring?
WalletHub uses the VantageScore 3.0 scoring model.
VantageScore 3.0 is one of the most popular credit scores on the market, both among lenders and consumers. It's used by more than 2,400 lenders, for example, including 20 of the top 25. And over 8 billion VantageScore 3.0 credit scores are issued per year.
You can learn more about VantageScore 3.0 here and you can get your credit score updated daily, for free, here.
read full answer by WalletHub, Financial CompanyHow often does WalletHub update a credit score?
WalletHub updates your credit score on a daily basis. So even though lenders might not report new information to TransUnion daily, WalletHub will let you know as soon as they do!
On top of that, you’ll enjoy free credit reports, free credit monitoring and personalized credit analysis with your WalletHub account.
read full answer by WalletHub, Financial CompanyDid we answer your question?
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