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Established Member
Posts: 38
Registered: ‎01-09-2013
0

is this normal?

I recently closed a Cap One low limit CC that I had a couple dings on. When it was open, Credit karma showed me at 97.8% on time payments. Now that I have it closed they show me @100% on time payments. Is this because the card is closed and no longer reporting as open?


Starting Score: 590
Current Score: TU 712 EQ 704 (both from myFICO)
Goal Score: 850


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Epic Contributor
Posts: 23,237
Registered: ‎10-23-2007
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Re: is this normal?


high_lander wrote:

I recently closed a Cap One low limit CC that I had a couple dings on. When it was open, Credit karma showed me at 97.8% on time payments. Now that I have it closed they show me @100% on time payments. Is this because the card is closed and no longer reporting as open?


Another reason I don't like Credit Karma! They sure have all of a sudden hit page one in my life lately... just discussed them with a friend yesterday and I think you are about 3rd poster today... So for what I have read and what I "think I understand" is the ISSUE with Credit Karma that passes by many of us is that it is designed to take a Transunion Credit Report and calculate it in a way of how lenders MIGHT view your risk based on your debt, apps, open, closed, limits, etc. risk for new credit... so the score for 1 is pretty much worthless and the actions that you make that then show up on Credit Karma that is confusing is you might see gains that probably didn't actually change your credit in that way or you see negatives that are not weighted that way on a regular pull for new credit with a bank.

Basically good to track your debt, make sure you are saving and moving forward, good way to make sure you don't miss a fraud on your TransUnion report... beyond that , not the correct report I would want to see if concerned about my score and getting new credit in the near future or how much it says on Credit Karma it will hurt you.

Fico Scores: EQ- 668 DCU., TU 704 Best Buy, EX 700 Chase (2/5/15)
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Established Contributor
Posts: 955
Registered: ‎02-02-2013
0

Re: is this normal?

Aye.  Creditkarma is good to use as sort of early warning system of changes to your report.  Their score is bunk though.  I watch it solely to see reporting changes on my existing accounts and of course to see if some Nigerian prince is attempting to open new accounts or something. 


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Established Contributor
Posts: 747
Registered: ‎10-15-2012
0

Re: is this normal?

CK doesn't take closed accounts into account while FICO does.


Starting Score: 515
Current Score: EQ04 689 EX04 693 TU08 723
Goal Score: 700+

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Valued Member
Posts: 30
Registered: ‎02-08-2013
0

Re: is this normal?

CK confuses the h3ll out of me sometimes but great to monitor activity and reading reviews on CCs. I would never trust their scoring though it always exaggerates!


Starting score 656 EQ (Nov'12 Lender Pull)Current Score: EX 690 EQ 734 TU 709
Goal Score: 760 across (Gardening since: 03/22/2013)

Established Member
Posts: 38
Registered: ‎01-09-2013
0

Re: is this normal?

Yeah I am waiting for the walMart score to come out and a week or so. I am getting ready to buy a new truck and want to make sure I haven't fowled it up. Hopefully DATCU will give us a good rate like they did for our other loan with them. Part of it is waiting for the INQs to stop being a factor after 9 MAR. The dealer rocked like 4 HPs for our loan. UGH. 


Starting Score: 590
Current Score: TU 712 EQ 704 (both from myFICO)
Goal Score: 850


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Moderator
Posts: 12,952
Registered: ‎04-15-2011
0

Re: is this normal?


Simply827 wrote:

CK doesn't take closed accounts into account while FICO does.


+1

 

CK only factors in open accounts.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
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