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Frequent Contributor
Posts: 323
Registered: ‎07-08-2012
0

Credit Karma is so awful

Before I start my rant-yes I know its not a Fico score. So spare the comments lol.

But since last September my score hasn't moved more than a few points even though I have paid down $2500 in credit cards, and have had 2 major CLI on another account. And hasn't changed at all since March..

The sad thing is that when you look at the "Credit Report Card" it reads as follows:

Utilization 22% B
% of on time payments 100% A
AAoA 5.67 years C
Total accounts 17 B
Hard inquiries:Zero A
Derogatory remarks:Zero A

So, it scores me as all "A's and B's" with ONE "C" and yet my overall grade is a "C"

My score on here has only gone from 654 to 660 in one year after paying down debt and drastically reducing my util from about 50% to 22%.

You can't make this stuff up. Apparently AAoA must be worth an insane amount for it to bring me down that far.

It actually "dings" me because I "only" have 17 accounts lol. Which of course include open and closed accounts.

So silly.

/rant
Valued Contributor
Posts: 1,578
Registered: ‎08-30-2011
0

Re: Credit Karma is so awful

And this would be why not many people put a whole lot of stock in CK "reports". 

EX = 828 EQ = 846 TU = 833 as of 02/2016
Retired and Retiring Cards!
Epic Contributor
Posts: 22,398
Registered: ‎01-17-2008
0

Re: Credit Karma is so awful

Valued Contributor
Posts: 1,084
Registered: ‎02-06-2013
0

Re: Credit Karma is so awful

Don't let that stuff bother you. CK wants people to have at least 21 accounts for one thing. My CK scores used to be waay higher than my fico scores. In fact when i first started rebuilding i couldnt even get a real fico score cause i didnt qualify but CK had me at like 735. It still has me in the 700s whereas my fico scores havent hit 700 yet once since i started rebuilding in jan. CL used to be better because it would pull TU every time one logged in. Now it just does it like once a week or something.

 

259/21001600/16002400/25002000/2000,2013 Scores (Initially none cause I had no credit at all then TU:519 Recent scores:FICO EX 632,EQ 635,TU 659....Link to my Rebuild Log
Community Leader
Senior Contributor
Posts: 30,824
Registered: ‎02-07-2013
0

Re: Credit Karma is so awful


guiness56 wrote:

CK only factors in open OC accounts.  FICO factors in all OC accounts.


+1 this is your answer

Only use CK for montoring INQ's and changes to your TU file other than that no need to worry.

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Senior Contributor
Posts: 11,485
Registered: ‎10-21-2012
0

Re: Credit Karma is so awful


myjourney wrote:

guiness56 wrote:

CK only factors in open OC accounts.  FICO factors in all OC accounts.


+1 this is your answer

Only use CK for montoring INQ's and changes to your TU file other than that no need to worry.


+2

 

Exactly.  If you want a better assessment, then FICO is your resource.  Otherwise, no worries.

 

Frequent Contributor
Posts: 323
Registered: ‎07-08-2012
0

Re: Credit Karma is so awful

Finally-it updated and jumped 96 points in one week lol
Moderator Emerita
Posts: 27,204
Registered: ‎09-13-2012
0

Re: Credit Karma is so awful

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