Reply
New Contributor
Posts: 57
Registered: ‎03-31-2012
0

Credit Karma accurate?

I wasn't sure where to post this, but does anyone know if the scores found through Credit Karma are truly accurate?  I see they supply a transrisk score and a Vantage score. 

Established Contributor
Posts: 852
Registered: ‎09-18-2007
0

Re: Credit Karma accurate?

My understanding is they are not accurate.  I use them more for a trending pattern.


Starting Score: EQ 679, TU 697
Current Score: EQ 680, TU 672
Goal Score: EQ 720, TU 720


Take the FICO Fitness Challenge

Moderator Emeritus
Posts: 10,932
Registered: ‎12-30-2011
0

Re: Credit Karma accurate?


demi wrote:

My understanding is they are not accurate.  I use them more for a trending pattern.


+1.

 

The Vantage score is the only remotely "worthwhile" score there in the sense that it's used by a very, even extremely, limited number of lenders.  That is better than Transrisk which isn't used by a single lender at all and is strictly provided for educational purposes AFAIK.

 

The value in Credit Karma and similar sites (Credit Sesame et al.) is the ability to access most of the information in your underlying credit report.  Since if you have a good credit report, a good credit score will naturally follow, it's a worthwhile service to use for monitoring; however, you can and arguably should ignore the scores... any similarity to your actual FICO scores is pure luck.  In my case my score on CK has barely even moved as my actual FICO EQ Beacon 5.0 score (found here and one or two other places) has increased 80 points in the past 8 months.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 693, EQ 8 685, TU 705, EX 709 (02/27/15)
Goal Score: 700 on EQ 04 (01/01/16)


Take the myFICO Fitness Challenge
Member
Posts: 16
Registered: ‎07-28-2012
0

Re: Credit Karma accurate?

No.

 

My first inquiry a few weeks ago:
CreditKarma - 603
Actual TU - 512

Actual EQ - 563

Most recent inquiry a week ago:
CreditKarma - 654
Actual EQ - 603

 

I use it for trending, but actual numbers are way off..

Frequent Contributor
Posts: 333
Registered: ‎08-12-2011
0

Re: Credit Karma accurate?

I just paid for my fico transunion score 8/26th on fico.com and my fico score was only 2 points higher than my creditkarma score.   

Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
0

Re: Credit Karma accurate?

My CK score is like 60 pts lower than myfico score.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Super Contributor
Posts: 8,185
Registered: ‎03-25-2007
0

Re: Credit Karma accurate?

There are so many scores now I have no idea who uses what for which  :smileysad:

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Super Contributor
Posts: 5,288
Registered: ‎12-11-2011
0

Re: Credit Karma accurate?

My CK score is the same as my walmart TU08, but I don't know if that just happens to be a coincidence or what. :smileyvery-happy: 

;
Frequent Contributor
Posts: 250
Registered: ‎08-19-2012
0

Re: Credit Karma accurate?

Your FICO scores are what most lenders look at, and you can get your TU and EQ fico score from myfico.com.  Most other sites give their own rendition of a score mostly referred to in this forum as FAKO.

Moderator Emeritus
Posts: 10,932
Registered: ‎12-30-2011
0

Re: Credit Karma accurate?


jsucool76 wrote:

My CK score is the same as my walmart TU08, but I don't know if that just happens to be a coincidence or what. :smileyvery-happy: 


Coincidence.

 

We have to keep debunking this over and over :smileywink:.  Transrisk is not developed by FICO, nor is it used by any lender in the known universe.  As such, it is of dubious value for an instant in time score, and debatable for tracking purposes either.  In my own case my FICO has gone up and CK's been going in the opposite direction over the last six months, which is pretty ridiculous in thinking about it what it could be tracking.  Heaven forbid someone actually establish some positive payment history.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 693, EQ 8 685, TU 705, EX 709 (02/27/15)
Goal Score: 700 on EQ 04 (01/01/16)


Take the myFICO Fitness Challenge
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.