Whether getting your first credit card or buying their your home, NerdWallet offers you plenty of choices and the tools to make smarter financial decisions. Roadside assistance, or towing and labor coverage, provides help if you break down and need a battery jump, flat tire changed or your car towed to a repair shop. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Common Questions People Ask About NerdWallet, Get help navigating complicated consumer finance issues, Get the funds you need, from $250-$40,000, Funds deposited directly into your account. As long as you’re aware of NerdWallet receiving a “finders fee” for your application and approval, you can largely trust the details they provide on the various financial products in their roster. ‎Discover the insights you need to make the most of your money. He was unsure if he should continue with the … If you like the answer you’re given, but want a bit more information, you can schedule a consultation with the advisor directly, or just say thank you! You can also use NerdWallet’s online calculators and learn more about some of the most common questions related to buying and working with the different financial services you’re interested in. How is NerdWallet different from Compare.com? Since NerdWallet doesn’t even require you to sign up for an account, many people find the privacy a breath of fresh air compared to many other comparison sites that make their money on selling your details. Besides these articles, it offers interactive tools to help you apply these ideas to your own money management practices. NerdWallet has 609 employees.. Who are NerdWallet competitors?. Multiple offers are routine. Current questions being asked run the gamut from when to max out a health savings account, to helping ones aging family get started with Medicare. You can also learn more about how mortgages work and the different types available, as well as compare between them when you’re ready to take the next step. NerdWallet is an American personal finance company, founded in 2009 by Tim Chen and Jacob Gibson. NerdWallet categorizes financial services based on certain criteria. [14] Its web site is directed primarily towards Millennials[5] and provides information on credit card selection, college loans, banking, mortgage loans, stock trading and insurance policies. What online brokers offer Bitcoin? [6][7] Website traffic grew quickly in 2010[8] and, by March 2014, the website had up to 30 million users. Tim Chen, chief executive officer at NerdWallet Inc., discusses the company's acquisition of U.K.-based "Know Your Money" on "Bloomberg Technology." What Are Some of NerdWallet’s Weaknesses? [13][15], By May 2015, the company developed business relationships with eight banks and a dozen insurance companies. Lucky you, you'll be the first to know the real and naked truth behind NerdWallet. Thus Nerdwallet's criteria/formula for assessing the brokerages was deficient to say the least. [11][16] The company's "transparent" and "self-critical" management style was reset in 2013, when Chen fired 20% of the workforce and restructured company management into a flatter "matrix" structure. NerdWallet is a website that helps educate consumers about the various financial products and services available on the market. Don't be too surprised and don’t say I didn’t warn you! [8][10][11] In 2017, company growth slowed, resulting in the layoff of 11 percent of its employees. NerdWallet. NerdWallet is an American personal finance company, founded in 2009 by Tim Chen and Jacob Gibson. Check out what 425 people have written so far, and share your own experience. [9], Tim Chen is the CEO and co-founder of NerdWallet and board member at the National Foundation for Credit Counseling. I gave them 2 stars instead of 1 because they do offer a lot of information on their site and some of it is useful. [12], The company's goal is to provide information that educates users in making financial decisions. Reviews and ratings come from other NerdWallet users as well as anonymous posters while recommendations for different lenders and companies come from Nerdwallet itself, which has a partnership with these companies. This will enable you to have full access to all the features of this website. All of the major credit card providers are featured on NerdWallet and you can easily find the highest ranked credit cards for your particular needs, such as credit cards for people with bad credit, cards for people who want airline miles, cards with the best cash back rewards and much more. NerdWallet is a highly popular personal finance site in the U.S. that lets users make more informed financial decisions. Much like an affiliate commission or a finder’s fee, NerdWallet makes money when you choose one of their partners and get approved by them. Governor orders 5,000 body bags, refrigerated trucks on standby as COVID surges. [5] Subsequently, it generated large quantities of content to help boost its search engine results. Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc.: Licenses NerdWallet Compare, Inc. NMLS ID# 1617539 NMLS Consumer Access Licenses and … [13] In exchange for new customers, affiliated banks pay NerdWallet a success fee. NerdWallet also offers a free iPhone/iPad app that lets you see your credit score (from TransUnion®) and report for free as well as receive alerts if there are major changes to your score. Netflix and the Economy of Stream Services. Others do not see value in NerdWallet's loan services. NerdWallet aims for full transparency and is not shy about how they make money. If you have a financial question, you can head over to https://www.nerdwallet.com/ask where you can ask a financial advisor any question free or charge. NerdWallet does a great job of comparing and recommending various financial tools, including credit cards. But their reviews are relatively useless. They also review a handful of banks according to different categories, such as: Investing can be a tangle of choices, and this is yet another area where NerdWallet works hard to excel. Of the online brokerages and cryptocurrency exchanges that NerdWallet reviews, the following current offer Bitcoin. Download this personal finance app today to make more s… Download NerdWallet: Finance Tracker and enjoy it on your iPhone, iPad, and iPod touch. NerdWallet’s credit card finder tool helps you pick the best credit card for your needs. Just like with credit cards, there are a variety of reviews that will help you select the best checking account, savings account, and more. [17] By 2015, the company had 200 employees and added Vikram Pandit and James D. Robinson III to its board of advisors. Additionally, NerdWallet’s competitors were literally made out of money and could fuel expensive growth campaigns. https://www.creditloan.com/blog/nerdwallet-everything-you-need-to-know For example, if you’re looking to buy a home, you need to know how much home you can realistically afford. NerdWallet provides clarity for all of life’s financial decisions thru their finance website and app. Since then, NerdWallet has grown to 200 employees and has developed relationships with eight different banks and a dozen insurance companies. [6], In March 2014, former LinkedIn VP Dan Yoo replaced co-founder Gibson as chief operating officer and Flo Thinh joined as VP of Talent. You can review prospective services based on unbiased, independent ratings, as well as compare between options. NerdWallet gives you the tools to understand and improve your credit score, plus tracks your income and spending. The deal will now allow NerdWallet to own the entire relationship with both lenders and business owners. New car replacement … Whether you want to see the bigger picture of your net worth, zoom in on your cash flow or simply monitor your credit score, you can do it all in one place with the NerdWallet app. There are free calculators you can use to estimate payments. As this is only a “soft pull” (meaning it’s not done by a lender to evaluate your creditworthiness) of your credit, signing up won’t affect your score. Salaries posted anonymously by NerdWallet employees. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Weigh hundreds of credit card options at once. The scant supply of homes benefits sellers in ways besides high prices: Homes sell fast, and sellers need not fix them up. NerdWallet breaks its services down into different categories, where users can go depending on the stage they’re on with regard to the different financial services. It was founded in 2009 by Tim Chen and Jacob Gibson and originally offered a web application that let consumers compare bank-issued credit cards. 100% of employees at NerdWallet say it is a great place to work . But overall, people interested in managing their finances right will find a wealth of reasons to consider Nerdwallet among their favorites. How Legitimate and Trustworthy is Nerdwallet’s Website? NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. NerdWallet allows you the option to create an account with them in exchange for your latest credit score each week. NerdWallet provides consumers with personalized, unbiased advice so they can make smart money moves. In NerdWallet's second year, the company made only "something like $60,000 in revenue," Chen says. You can also find reviews of loans and insurance on NerdWallet. NerdWallet gives you the tools to understand and improve your credit score, plus tracks your income and spending. NerdWallet has become one of the largest online destinations for information on all things personal finance. For example, saving for retirement seems like a big task, but with the right financial plan, it can be easy to start budgeting your money with planning for your future. “Although we offer free tools and content, we’ve never been able to fully support small business owners — that changes today. When was NerdWallet founded?. We partner with financial institutions, lenders, and others so we can provide you with the best offers for financial products and provide clarity for all of life’s financial decisions. The service would be more effective if it offered a better interface, though. [5] The following year, it raised $64 million in its first round of funding, at an estimated valuation of $500 million. You can find information for other types of credit cards, too, like low interest, bad credit, or balance transfer cards. (Source: Bloomberg) Fundera is a several year-long partner for NerdWallet. They also include tools to help you understand how much home you can afford, what your mortgage payment will be (approximately) and how much you could save if you refinance at today’s rates. As with any review, you might want to approach the information with a dash of skepticism. NerdWallet provides a number of benefits to young people just starting out on the road to financial freedom. NerdWallet - This article provides information and education for investors. NerdWallet also offers an Ask an Advisor service where you can ask financial questions for free to experts including CPAs and certified credit counselors. Nerdwallet explains the cards’ incentive programs which can range from generous travel rewards to cash back to no-fee cards. NerdWallet was founded in 2009 but has quickly become a well-known destination for better understanding different financial offerings and choosing the best for one’s particular situation. What Does NerdWallet Do? [3][5][9], In 2016, the company acquired the retirement planning firm AboutLife and NerdWallet was valued at $520 million. Everything is categorized neatly on the sidebar of the website, so it’s easy to navigate between options to filter out exactly what you want. It offers a website and app that aims to assist users in making personal financial decisions. In those cases, you’d use one of Nerdwallet’s calculators. Why Should I Create an Account with NerdWallet? NerdWallet does not offer advisory or brokerage services, nor does it recommend or … NerdWallet gives you the tools to understand and improve your credit score, plus tracks your income and spending. From banks to insurance to credit cards, Nerdwallet reviews which options are best for different situation. It always pays to do your own independent research, however. Currently, NerdWallet features over 7,000 different financial products (and growing), but not all of them have a compensation agreement with the company. It does this through comparing different products and services available from banks, insurance companies and other financial services. See what employees say it's like to work at NerdWallet. Today, NerdWallet ranks for over 1.3 million keywords, consistently … NerdWallet’s CEO & Founder, Tim Chen, had his work cut out for him in 2009. NerdWallet primarily offers consumers information and calculators for personal loans, savings, mortgages, credit cards and retirement. Frequently Asked Questions. As with any resource, be sure to do sufficient research before signing up for a service or financial product. Salaries, reviews, and more - all posted by employees working at NerdWallet. [3][4] Its first product was a web application that provided comparative information about credit cards. Banks would pay a success fee to Nerdwallet for new customers who signed up for their service. The service would be more effective if it offered a better interface, though. The service would be more effective if … Here’s a look at what they offer and how they operate. They are broader, restricting access to your credit files. [13] They do so by providing both reviews and comparison of different financial products, including credit cards, banking, investing, loans and insurance. Competitors of NerdWallet include Credit Sesame, FeeX and Mint. Nerd tip: Credit locks and credit freezes offered by credit bureaus are entirely different. – NerdWallet is a website that offers financial advice and guidance to individuals. Discover the insights you need to make the most of your money. From the best brokers for different types of traders to the best IRA providers, online brokers and tax software, Nerdwallet aims to cover all the bases of basic investing and financial management. This allows users to get a direct opinion on which cards may be right for their needs. A free inside look at NerdWallet salary trends based on 306 salaries wages for 168 jobs at NerdWallet. The site also provides free tools to find insurance, credit cards, mortgage rates, and other savings. Generally, the policies underwritten by U.S.-based travel insurance providers vary by state, trip information, traveler’s ages and other various details. Advisors who participate on NerdWallet are carefully curated, so you can be assured at getting top notch advice. You should understand (and Nerdwallet makes no secret of this) that they are paid should you apply to (and be approved for) various financial products. In their own words, NerdWallet “offers financial tools and objective advice to help people understand their options and make the best possible decisions”. I don't say there is no value to Nerdwallet. Whether you want to see the bigger picture of your net worth, zoom in on your cash flow or simply monitor your credit score, you can do it all in one place with the NerdWallet app. However, a few reviewers on BBB and Trustpilot have complained that after using NerdWallet, they have received spam emails and unwanted credit card offers. NerdWallet was founded in August 2009 by Tim Chen and Jacob Gibson, with an initial capital investment of $800. They do this through both reviews and comparisons of different financial products, including: Every year, NerdWallet creates an overall “Best credit cards” review. This website will use cookies based on your browsing activity. You can also be matched with the best credit cards according to your current credit score and financial goals. HOWEVER, NerdWallet does maintain its own byline with a link back to the source content each time syndication occurs. This weekly update lets you see how your credit score has changed over time. It offers a website and app that aims to assist users in making personal financial decisions. The content you provide doesn’t have to be “the best ever,” it just has to be a great resource for email filler and social media by smaller companies. NerdWallet's key executives are Tim Chen, Kelly Gillease and Robert Lattuga.. How many employees does NerdWallet have?. It does this through reviews and comparison tools to help them make smart decisions about the financial services they choose. Do you agree with NerdWallet’s star rating? Not only is the financial services industry inherently not sticky for growth, there was also a growing public distrust of financial institutions thanks to the 2008 economic collapse. … It also focuses in on specific types of cards, like the best rewards, cash back, and travel cards. NerdWallet Travel Writers Offer Their 2021 Resolutions. [15][18], National Foundation for Credit Counseling, "Scorching FinTech Market Keeps Attracting New Players As NerdWallet Raises $64 Million", "The $520 Million Company That's Solving All Your Financial Needs", "Interview with Tim Chen, Founder of NerdWallet", "After being laid off, this 35-year-old founded NerdWallet with $800 - now it's worth $500 million", "UPDATE 1-Startup NerdWallet raises $64 million in first round of funding", "NerdWallet acquires AboutLife to expand into retirement planning services", "NerdWallet lays off 11 percent of staff due to missing profitability goals", "Everything You Need to Know About NerdWallet", "NerdWallet wants to help you with finance", "Former LinkedIn VP Dan Yoo Joins NerdWallet As COO", https://en.wikipedia.org/w/index.php?title=NerdWallet&oldid=1006686690, Financial services companies established in 2009, Financial services companies of the United States, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License, This page was last edited on 14 February 2021, at 06:17. You can see a full list of NerdWallet's partners on their website. Partners include large financial institutions, like Capital One and Bank of America. People enjoy the ease with which they can ask questions and use the tools that NerdWallet provides. The site also includes investment calculators for retirement, Roth IRAs and 401(k) savings plans. NerdWallet was founded in 2009.. Who are NerdWallet key executives?. NerdWallet helps prospective homeowners understand and decide between the various mortgage options, including 30 year fixed mortgages, 15 year fixed mortgages, 5/1 ARM rates and more. [5] Co-founder Chen reported that the company became profitable by virtue of the fees it earned through matching users with financial products and services. Customers do insist that you should do your own homework when it comes to seriously evaluating various financial offerings, and understand that not all financial resources are evaluated or presented here, but even with that in mind, Nerdwallet and its app are a good way to make more informed choices, particularly where credit cards are concerned. NerdWallet states on its website, adding, we may receive payment if you apply for and receive one of their products.