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Established Contributor
snowkitty
Posts: 959
Registered: ‎09-10-2012

Creditkarma and Creditsesame

I have been signed up for creditkarma for a month now and I know the score is off but I do like that it lets me know when I have an inquiry or new account opened. I just opened a creditsesame and was wondering if they do the same things as far as alerting you of new accounts/inquiries? I did not see it anywhere but I could have overlooked it.

TU Fico 714 | Sesame 742 | Credit Karma 762 | Wal-Mart FICO 734 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

Amex Blue Sky 7.2k | Amex BCE 13.1k | Citi Diamond Preferred 9k | CSP 5k | Bofa Cash 7.5k | Boa Travel 5k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy 4500 | Shell 1200 | BP 400 | VS 1200 | Sam's Discover 8.5k | FNBO Amex 13.5k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1300 | BML 1820

App free since 12/11/13*
Regular Contributor
hdrider07
Posts: 207
Registered: ‎03-21-2012

Re: Creditkarma and Creditsesame

In May I purchased a new truck, I dont recall getting any notifications from Credit Sesame, just saw that the balance on my auto loan changed.

Moderator
Revelate
Posts: 6,759
Registered: ‎12-30-2011

Re: Creditkarma and Creditsesame

Credit Karma has the option for a daily pull which you trigger, and as such you get much closer tracking of balances and what not assuming your TU report is up to date.

 

Credit Sesame only does a once a month pull, so the alerting function isn't as useful if it's there even at all.  

 

The scores are effectively useless with the possible exception of the CK-provided Vantage Score, but I use both services for simply tracking my report data... if there was a similar freebie service that used the EQ report data I'd make use of it too.

 


Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 672, Wally TU 686, EX 702 (04/14)
Goal Score: 700 in all three (01/01/15)


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Moderator
Shogun
Posts: 10,925
Registered: ‎04-15-2011

Re: Creditkarma and Creditsesame

I use both of the too.  They state they are for educational purpose only.  I also use them for entertainment purpose only.  Creditkarma you can at least update daily.  Gives you a running idea of your credit dealings, just don't pay attention to the score.  As far as Creditsesame,  a FAKO and EX, no telling what it's going to say. 


Starting Score: 504

Current Score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

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Going for Wade64's RUDY Spade!
Regular Contributor
Tran92
Posts: 214
Registered: ‎09-25-2012

Re: Creditkarma and Creditsesame

CK scores are a bit off but not that much at least for me. About 20 points higher than my actual score.
TU 746 (10/13)
GOAL: 750+









Moderator
Revelate
Posts: 6,759
Registered: ‎12-30-2011

Re: Creditkarma and Creditsesame

[ Edited ]

Tran92 wrote:
CK scores are a bit off but not that much at least for me. About 20 points higher than my actual score.

Yeah but mine are 60 below.  There's no rhyme or reason to it honestly, or at least no correlelation of even upward vs. downward swings with one's FICO score.  Between that and the fact no lender uses it, there's no use in using the scores other than amusement factor.  Even if they are close now, there's no guaruntee that'll remain the case in the future as I've had them move in opposite directions for the same action.   CK's score is seriously wierd for everything we know about FICO honestly.

 

That said, I'm firmly of the opinion that it's the report data that matters: if you have a pretty report, you'll have a pretty score regardless of what particular algorithm is used; and when it comes to report data, CK, CS, and others, are just peachy.

 

 

 


Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 672, Wally TU 686, EX 702 (04/14)
Goal Score: 700 in all three (01/01/15)


Take the myFICO Fitness Challenge
Regular Contributor
Tran92
Posts: 214
Registered: ‎09-25-2012

Re: Creditkarma and Creditsesame

Yea I understand. I only use CK to see recent updates on my credit report. I mean the product is free. Would be a shame not to use it lol. (:
TU 746 (10/13)
GOAL: 750+










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