topic Re: Walmart CC + CreditKarma = poor man's TU monitoring service? in General Credit Topics

Walmart CC + CreditKarma = poor man's TU monitoring service?

brother7 — Tue, 30 Oct 2012 12:07:54 GMT

I use CreditKarma to monitor my TU credit report (LOVE the credit monitoring notifications).

I learned from the forums here that WalMart (both the Discover credit card and the store card) offers a free monthly TU08 FICO score.

Now I'm tempted to apply for the WalMart card and use it in conjunction with CreditKarma as a free way to monitor my TransUnion credit report + score.

What do you think of this idea? Is anyone doing this?

Re: Walmart CC + CreditKarma = poor man's TU monitoring service?

Shogun — Tue, 30 Oct 2012 12:16:50 GMT

Guilty!!! :)

Re: Walmart CC + CreditKarma = poor man's TU monitoring service?

youngandcreditwrthy — Tue, 30 Oct 2012 12:17:37 GMT

I do this... It's a great idea since the TU 08 Fico is a true fico while CreditKarma is not a fico score.

Re: Walmart CC + CreditKarma = poor man's TU monitoring service?

brother7 — Tue, 30 Oct 2012 12:23:16 GMT

Cool!

I read the forums a lot and haven't seen anyone make the connection between WalMart and CreditKarma for the purpose of TU monitoring.

Come to think of it, this free solution may be more usefule than FICO Quarterly Monitoring sold here:

monthly score vs quarterly score
TU08 score vs TU 04 score
FREE! :heart:

Re: Walmart CC + CreditKarma = poor man's TU monitoring service?

Shogun — Tue, 30 Oct 2012 12:26:48 GMT

For the mortgage appers though, they might want that TU04. Tends to be what's pulled for mortgages.

Re: Walmart CC + CreditKarma = poor man's TU monitoring service?

distantarray — Tue, 30 Oct 2012 12:26:53 GMT

brother7 wrote:
Cool!

I read the forums a lot and haven't seen anyone make the connection between WalMart and CreditKarma for the purpose of TU monitoring.
Come to think of it, this free solution may be more usefule than FICO Quarterly Monitoring sold here:
monthly score vs quarterly score
TU08 score vs TU 04 score
FREE! :heart:

Correction TU98 (MyFico) vs TU08 (walmart) No one sells or gives access to TU04 besides Barclay app

Re: Walmart CC + CreditKarma = poor man's TU monitoring service?

Shogun — Tue, 30 Oct 2012 12:27:46 GMT

Oops,, that's right,, it is a 98. My bad. :(

Re: Walmart CC + CreditKarma = poor man's TU monitoring service?

distantarray — Tue, 30 Oct 2012 12:31:45 GMT

Shogun wrote:
Oops,, that's right,, it is a 98. My bad. :(

It's all good they should really sell 04 imo getting your real credit scores that most lenders use are too confusing =\ if they build a system to judge us on it, they should give us access to our real scores for any model.

Re: Walmart CC + CreditKarma = poor man's TU monitoring service?

brother7 — Tue, 30 Oct 2012 12:32:25 GMT

Oops... I stand corrected on the TU04 vs TU08 comparison.

It is actually TU98 (MyFICO) vs TU08 (WalMart).

Re: Walmart CC + CreditKarma = poor man's TU monitoring service?

youngandcreditwrthy — Tue, 30 Oct 2012 12:38:50 GMT

Too bad the CFPB, Card Act, or TILA do not make them provide those scores :-/ lol

Re: Walmart CC + CreditKarma = poor man's TU monitoring service?

distantarray — Tue, 30 Oct 2012 12:39:36 GMT

youngandcreditwrthy wrote:
Too bad the CFPB, Card Act, or TILA do not make them provide those scores :-/ lol

worst part is I would pay for it, they don't have to provide it =\

They're losing business here

Re: Walmart CC + CreditKarma = poor man's TU monitoring service?

SpeedingWheels — Tue, 30 Oct 2012 14:33:08 GMT

I do WM TU08 + CK + CS + CI + my free Annual Report.

The only reason for *me* to buy a report is if I see a violent swing in my score that isn't expected.

Best part is they're all free services :D

Re: Walmart CC + CreditKarma = poor man's TU monitoring service?

distantarray — Tue, 30 Oct 2012 14:36:48 GMT

SpeedingWheels wrote:
I do WM TU08 + CK + CS + CI + my free Annual Report.
The only reason for *me* to buy a report is if I see a violent swing in my score that isn't expected.

Best part is they're all free services :D

CI? and your missing quizzle :D and credit.com =)

Re: Walmart CC + CreditKarma = poor man's TU monitoring service?

kevinjjc — Tue, 30 Oct 2012 14:42:27 GMT

Also, don't forget about the free EQ FICO score from DCU.

Re: Walmart CC + CreditKarma = poor man's TU monitoring service?

Jutz — Tue, 30 Oct 2012 14:56:16 GMT

Sigh...Also guilty.

TU: QM, WM, CK

EQ: SW

EX: CS

Not sure why EX doesn't want my money, but I'd pay for my EX scores too.

Re: Walmart CC + CreditKarma = poor man's TU monitoring service?

guydiver — Tue, 30 Oct 2012 15:11:20 GMT

EX: credit.com, try this out. It's a free service, not a Fico, but they give you both your "estimated" Fico and Vantage EX scores monthly.

Re: Walmart CC + CreditKarma = poor man's TU monitoring service?

distantarray — Tue, 30 Oct 2012 15:17:41 GMT

Jutz wrote:
Sigh...Also guilty.

TU: QM, WM, CK
EQ: SW
EX: CS

Not sure why EX doesn't want my money, but I'd pay for my EX scores too.

Cause EX makes more by misleading millions of people a year with freecreditreport.com freescore.com and millions of sites that provide the Experian Plus score. People think they know their scores, then get declined cause the scores were off and keeps many people who have questionable credit from ever applying for new lines of credit which helps the banks.

Personally I'm sure they have a deal with eachother, cause there's NO reason besides profit margins that they would NOT sell you your real score. You should be able to go to a bank and request your scores before you have to apply for something. No point in a useless decline or acceptance of bad terms.

They won't sell it to you because more inquries = drop in credit score = better profit margins for the banks or other lending companies is generally all it comes down to. If you don't have your real score then it's easier to create problems that would make it harder for you to get prime loans. Personally I think every Fako score should be considered fraud unless it boldly state "Scores might not be reflect or match the same scores that the lenders will pull, a Fico score is what most lenders use" and should have a list of every bank or institutions that uses the Experian Plus score if any. I believe FICO should also list all the companies who uses Fico scoring for their risk assement as well, but that's bordering too much on the concept of common sense and a honest business practice. No one wants honesty they just want comforting lies.

Re: Walmart CC + CreditKarma = poor man's TU monitoring service?

SpeedingWheels — Tue, 30 Oct 2012 15:30:35 GMT

CI is Credit Inform - free with my Cap1 secured card.

And you're right, Quizzle gives a free score every 6 months.

I don't remember if I have an account at credit.com

going to check now... LOL

Re: Walmart CC + CreditKarma = poor man's TU monitoring service?

distantarray — Tue, 30 Oct 2012 15:32:11 GMT

SpeedingWheels wrote:
CI is Credit Inform - free with my Cap1 secured card.
And you're right, Quizzle gives a free score every 6 months.

I don't remember if I have an account at credit.com
going to check now... LOL

I think you should also add Quizzle is the ONLY 100% site out of everything that gives you a Credit REPORT. minus annualcreditreport.com

Re: Walmart CC + CreditKarma = poor man's TU monitoring service?

Jutz — Tue, 30 Oct 2012 15:35:18 GMT

Didn't know that about Quizzle, I may check it out. As far as EX goes, the PLUS scoring is a joke, they hype it to sound official, and frankly 10-12 months ago I would have assumed that was my credit score. Vantage is bad as well, but at least TU gives their FICO in a variety of ways.