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How accurate is CreditKarma?

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Shogun
Moderator Emeritus

Re: How accurate is CreditKarma?

My general rule of FAKOS is +/- 200 points.   YMMV of course.  Smiley Happy

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!

June 2017 update: All scores over 820, just pure gardening now.
Message 11 of 17
migliogiorni
Established Contributor

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
Message 12 of 17
lithium78
Established Contributor

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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Message 13 of 17
Walt_K
Senior Contributor

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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Message 14 of 17
Revelate
Moderator Emeritus

Re: How accurate is CreditKarma?


@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.

 




        
Message 15 of 17
Anonymous
Not applicable

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.
Message 16 of 17
Walt_K
Senior Contributor

Re: How accurate is CreditKarma?


@Anonymous 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


Take the FICO Fitness Challenge
Message 17 of 17
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