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Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

Re: How accurate is CreditKarma?

My general rule of FAKOS is +/- 200 points.   YMMV of course.  :smileyhappy:


Starting Score: 504

July 2013 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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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Established Contributor
migliogiorni
Posts: 657
Registered: ‎06-27-2012
0

Re: How accurate is CreditKarma?

offy by 40 points not very accurate.

 

BOA: 8.9k
CSP: 5k
Discover: 5k
Citi TY Preferd: 5k
Wally: 5k
JCP: 4.9k
citiForward: 4.7k
ChaseFreedom: 4.5k
DFS: 2k
Established Contributor
lithium78
Posts: 929
Registered: ‎07-30-2011
0

Re: How accurate is CreditKarma?

Credit Karma is really inaccurate.  It lists my score as being in the 640s, which is absolutely ridiculous.


Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
Goal Score: 800

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Senior Contributor
Walt_K
Posts: 3,065
Registered: ‎11-02-2009
0

Re: How accurate is CreditKarma?

CreditKarma provides a completely accurate Transrisk score and Vantage score.  These are competing score models that are not meant to be a predictor of FICO score. 


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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Moderator
Revelate
Posts: 8,894
Registered: ‎12-30-2011
0

Re: How accurate is CreditKarma?

[ Edited ]

Walt_K wrote:

CreditKarma provides a completely accurate Transrisk score and Vantage score.  These are competing score models that are not meant to be a predictor of FICO score. 


Transrisk is an educational purpose score, no lender uses this and as such it's not relevant to any sort of underwriting approval.  TBH, I find it more for entertainment value than anything else, one month I paid down my credit card balances and my score dropped.  Good times!

 

Vantage might have some value as there are a few lenders which use it occasionally today and it might gain wider adoption in the future; however, it was developed by the CRA's jointly to be a direct competitor to FICO's products, unlike any of the educational scores provided by any of the bureaus.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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timw970
Posts: 1
Registered: ‎12-31-2012
0

Re: How accurate is CreditKarma?

I have found CK to b the most informative of any on the melt. And after all it is free people
Also scores have been very close to the banks. No complaints here! Who else can we go to and get all CK gives us.
Senior Contributor
Walt_K
Posts: 3,065
Registered: ‎11-02-2009
0

Re: How accurate is CreditKarma?


timw970 wrote:
I have found CK to b the most informative of any on the melt. And after all it is free people
Also scores have been very close to the banks. No complaints here! Who else can we go to and get all CK gives us.

If your CK score is close to your FICO score it is just a coincidence. 

 

Not sure what you mean by where else can you go and get all CK gives you.  Quizzle will give you a free look at your EX report along with a every 6 months.  And I think CreditSesame gives you a free look at your EX report every month, but I can't remember how CreditSesame works for sure.  So not a daily puller for TU, but still some additional free access to your reports.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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