topic Re: How accurate is CreditKarma? in General Credit Topics

How accurate is CreditKarma?

LindaLu — Sun, 05 Jul 2009 17:24:52 GMT

I just started using credit karma and I was wondering how accurate it is. Everything matched up on it with the report card it shows but it actually showed my utilization and available credit alot less than it really is..like 30 to 40% less. Would there be any reason why? I know it pulls transunion. I checked transunion and all my balances are up to date. But I recently applied for a credit card that I thought was denied because I haven't heard anything yet and wondered if maybe it was approved and brought down the utilization. Just wanted to know if anyone was familiary with how accurate creditkarma is.

thanks

Re: How accurate is CreditKarma?

Sayre — Sun, 05 Jul 2009 17:37:44 GMT

Personally, I have always found it to be within a point or two of the true FICO score.

Re: How accurate is CreditKarma?

score_building — Sun, 05 Jul 2009 17:50:11 GMT

CK provides a FAKO so any resemblance to a real FICO score report is coincidental.

Re: How accurate is CreditKarma?

knightimer — Sun, 05 Jul 2009 18:27:12 GMT

I am off by 20 points. Credit Karma states a higher score.

Re: How accurate is CreditKarma?

l9ikjam — Sun, 05 Jul 2009 19:33:08 GMT

mine is off by 50 points. CK score seems to always match my score from Truecredit. Well at least b4 i canceled Truecredit.

Re: How accurate is CreditKarma?

LindaLu — Sun, 05 Jul 2009 20:40:41 GMT

I did find that the score on creditkarma is only a few points higher that my actual fico..but what do you guys think about the utilization being lower than it should be? has anyone else checked their report card on credit karma and found this discrepency? or could it be from a recent new credit card account that I didn't think was approved? I don't have a problem with it being lower I am just wondering if it accurate or if it is due a new account I maybe haven't received notice of approval yet.

thanks for any info.

Re: How accurate is CreditKarma?

DI — Mon, 06 Jul 2009 01:12:43 GMT

Credit Karma is not accurate at all, but it can be used as a free credit watch. CK obtains a TU report. CK says my score is 695 while I have a TU FICO of 771. That's a big difference.

Re: How accurate is CreditKarma?

jennordy — Thu, 09 Jul 2009 16:54:24 GMT

My CK score is 100 points HIGHER than my Fico. UGH.

Re: How accurate is CreditKarma?

ByrdMan — Fri, 10 Jul 2009 03:24:27 GMT

FAKOs people, fakos. Please take these scores with a grain of salt. As an earlier poster stated, any resemblance to your FICO is purely coincidental.

Re: How accurate is CreditKarma?

blackroses — Wed, 26 Sep 2012 06:08:49 GMT

My CK score is 674. I apllied for a home loan and was told by my lender my score is 740. Thats a big difference. Lenders usually go with the middle score of the 3 bureaus.

Re: How accurate is CreditKarma?

Shogun — Wed, 26 Sep 2012 13:38:59 GMT

My general rule of FAKOS is +/- 200 points. YMMV of course. :)

Re: How accurate is CreditKarma?

migliogiorni — Mon, 01 Oct 2012 00:22:42 GMT

offy by 40 points not very accurate.

Re: How accurate is CreditKarma?

lithium78 — Mon, 01 Oct 2012 15:56:51 GMT

Credit Karma is really inaccurate. It lists my score as being in the 640s, which is absolutely ridiculous.

Re: How accurate is CreditKarma?

Walt_K — Wed, 03 Oct 2012 20:23:52 GMT

CreditKarma provides a completely accurate Transrisk score and Vantage score. These are competing score models that are not meant to be a predictor of FICO score.

Re: How accurate is CreditKarma?

Revelate — Wed, 03 Oct 2012 20:43:53 GMT

Walt_K wrote:
CreditKarma provides a completely accurate Transrisk score and Vantage score. These are competing score models that are not meant to be a predictor of FICO score.

Transrisk is an educational purpose score, no lender uses this and as such it's not relevant to any sort of underwriting approval. TBH, I find it more for entertainment value than anything else, one month I paid down my credit card balances and my score dropped. Good times!

Vantage might have some value as there are a few lenders which use it occasionally today and it might gain wider adoption in the future; however, it was developed by the CRA's jointly to be a direct competitor to FICO's products, unlike any of the educational scores provided by any of the bureaus.

Re: How accurate is CreditKarma?

timw970 — Mon, 31 Dec 2012 20:30:22 GMT

I have found CK to b the most informative of any on the melt. And after all it is free people
Also scores have been very close to the banks. No complaints here! Who else can we go to and get all CK gives us.

Re: How accurate is CreditKarma?

Walt_K — Mon, 31 Dec 2012 22:36:46 GMT

timw970 wrote:
I have found CK to b the most informative of any on the melt. And after all it is free people
Also scores have been very close to the banks. No complaints here! Who else can we go to and get all CK gives us.

If your CK score is close to your FICO score it is just a coincidence.

Not sure what you mean by where else can you go and get all CK gives you. Quizzle will give you a free look at your EX report along with a every 6 months. And I think CreditSesame gives you a free look at your EX report every month, but I can't remember how CreditSesame works for sure. So not a daily puller for TU, but still some additional free access to your reports.