12-23-2012 06:25 AM
Good day everyone, I hope i'm putting this question in the right place. I just went on credit karma (i know entertainment purposes only) but there's something i can't quite understand on there.
It also gives you an auto insurance score and a vantage score, my MYFICO score is 760 Transunion, how can my auto score be sooo low 795 rated Poor? I've been driving for 16 years NEVER even been pulled over and have a paid off auto loan. How can someone with and absolutely spotless driving record and no negatives on their Fico score rate so poorly on auto insurance? Also, why would my vantage score rate "c" score 748?
Just when I think I'm grasping this credit formula down, curveballs, keeping us on our toes?
Thanks in advance!
12-26-2012 08:21 PM
Credit Karmas auto insurance score is about as innacurate as 2 year old trying to do division equations.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO