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Credit Karma vs Credit Sesame

Contributor

Credit Karma vs Credit Sesame

 

Is it just me or is Credit Sesame scoring system pretty close to FICO?. CK is usually for me between 30 - 40 point difference, I do like CK for daily credit monitoring though. Are there any other free services out there, perhaps better or similiar? 

BofA Amex $7500| Discover IT- $10K| Chase Sapphire Preferred $10k | Cap One $2000| Citi Hilton Reserve $10k
36 REPLIES
Established Contributor

Re: Credit Karma vs Credit Sesame

For me CK is lower than Fico. Also, CK tends to report fast when cc balances increase and updates very slowly when cc are paid off, (sometimes 2-3 weeks) after payment shows up.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico)XP 735 (FAKO)
Updated scores 05/01/17 EQ 824, TU 812 EXP 810 (all Fico scores) Remember the Three P's: Pay early in Full, Pay on Time, Patience
Valued Contributor

Re: Credit Karma vs Credit Sesame


ElMayimbe wrote:

 

Is it just me or is Credit Sesame scoring system pretty close to FICO?. CK is usually for me between 30 - 40 point difference, I do like CK for daily credit monitoring though. Are there any other free services out there, perhaps better or similiar? 


the scores are useless, this week they may be close, next week they may be 50 pts off, the best way to use these services is for tracking the content on your reports, I have seen CK fluxuate 40 pts when my TU hasn't budged niether has my EQ report. They show when cards report, when new cards arrive occausionally they may pop up a deal that seems interesting, but then you do a further search of deal sites and see if its the best offer the credit card offers. 

 

 

 

Cards: Chase Southwest 20k & CSR 10k & CSP 10k & Freedom 6.6k & Amtrak/Freedom 4.6k, FNBO DISC 25.1k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 10k, Paypal Extras MC 7.5k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5.9k, Walmart 10k, Citi Simplicity 9k, Discover IT 16k and a nice stack of store cards.
Last APP/HP 5/15/2017 Marcus Loan. 30k
Frequent Contributor

Re: Credit Karma vs Credit Sesame

I would say that both ck and cs tend to do a better job approximating clean reports relative to ones with negatives. Both have never really been off for me by more than 15-20 pts in either direction. CS tends to be a little higher than my ex fico and CK tends to be lower, although I don't have a recent tu fico for comparison. 

EQ 778 | TU 776
Barclay US Airways WMC 7.5k | BCE 5.8k | BofA Travel Rewards 9.1k | Chase Marriott Premier 13k | Citi TYP WMC 6.5k | Freedom Visa Sig 8k| Discover it 10k
Moderator Emerita

Re: Credit Karma vs Credit Sesame

CK has been lower than my FICO score by roughly 20-25 pts. CS usually about 15-20 PST lower. As the previous poster stated, CK reports changes quickly and thus my score may fluctuate more based on the daily reporting. 

Valued Contributor

Re: Credit Karma vs Credit Sesame

CS is lower than myfico by over 50 pts and CK is only 25 pts lower than myfico for me. Proves the numbers are worthless.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Valued Contributor

Re: Credit Karma vs Credit Sesame

Yeah CS vs CK is a pretty worthless comparison. Mine have varied soo much with those two.

ccpics2.jpg
Frequent Contributor

Re: Credit Karma vs Credit Sesame


ElMayimbe wrote:

 

Is it just me or is Credit Sesame scoring system pretty close to FICO?. CK is usually for me between 30 - 40 point difference, I do like CK for daily credit monitoring though. Are there any other free services out there, perhaps better or similiar? 


CreditKarma uses TransUnion TransRisk which weighs things differently than FICO. For instance, CreditKarma calculates your average age over open accounts only, while FICO looks at all reported tradelines -- open or closed -- to make the calculation.

 

CreditSesame uses the Experian National Equivalency Score, which is designed to weigh risk as closely to the same way FICO does as possible. Altough this score normally ranges from 0 to 1000, CreditSesame uses Experian's optional scoring method and actually ranges from 360 to 840, in an attempt to closely match your actual FICO score.

 

Your results may vary, of course, but between the better score model and CreditKarma's habit of sometimes hiding hard pulls, I usually find that CreditSesame gives me a score much closer to my real FICO than CreditKarma does. But regardless of the actual score, both sites are a useful and free way to stay up-to-date on your TransUnion and Experian reports.

Valued Contributor

Re: Credit Karma vs Credit Sesame

CK is about 25 pts higher than my fico at the moment.


Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
New Contributor

Re: Credit Karma vs Credit Sesame

I've found both CS and CK scores closer to the scores pulled by lenders. I discovered this while shopping for auto financing a few months ago. Their scores were much closer than what I got from MyFico - by 50 points! I called MyFico's customer service to ask what accounts for this huge spread and they said something about the scoring models being different. I'm actually thinking about canceling my monitoring here. If I can get it free at CK and CS why pay?

Current Scores: EX 733 (myFico 5/20/14), EQ 738 (myFico 5/20/14), TU 738 (Discover 5/11/14)
Current Cards: Discover It $6,500, Amex BCE $12,000, BofA Rewards Visa (AAA) $8,000, Chase Freedom $11,000, Avenue $1,190, Lane Bryant $750

~Re-entered the Garden: June 2014
~In the Garden until: June 2015