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Regular Contributor
Posts: 210
Registered: ‎02-05-2012
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is score on Credit Karma reliable?

I just got my SSN in Jan, 2012 and Credit Karma shows I have a score of 718.

Is that accurate enough?

 

 

Frequent Contributor
Posts: 345
Registered: ‎10-25-2011
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Re: is score on Credit Karma reliable?

It uses the Transrisk score, but also shows your Advantage score. I subscribe to Transuinion and can tell you that CK vantage score is the same as my TU Vantage score. So, yes it is reliable. I just don't know about the Transrisk score since TU uses the Vantage score.

Mega Contributor
Posts: 15,446
Registered: ‎04-09-2011
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Re: is score on Credit Karma reliable?


GTT wrote:

I just got my SSN in Jan, 2012 and Credit Karma shows I have a score of 718.

Is that accurate enough?

 

 


CK is a TU "Transrisk" score which is called a FAKO score here. In other words useless. You need to pull your TU FICO from this site.




EQ FICO 548 3/3/16
Super Contributor
Posts: 9,674
Registered: ‎01-28-2010
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Re: is score on Credit Karma reliable?


GTT wrote:

I just got my SSN in Jan, 2012 and Credit Karma shows I have a score of 718.

Is that accurate enough?

 

 


It can't be correlated to a FICO score, so nope.  I would recommend getting at least one FICO score to know where you stand.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Regular Contributor
Posts: 210
Registered: ‎02-05-2012
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Re: is score on Credit Karma reliable?


Happychap wrote:

It uses the Transrisk score, but also shows your Advantage score. I subscribe to Transuinion and can tell you that CK vantage score is the same as my TU Vantage score. So, yes it is reliable. I just don't know about the Transrisk score since TU uses the Vantage score.


Yes, Transrisk shows 718 and Advantage score shows 700.

I heard that it's only after 6 months that one could be possible to have a score...so I'm thinking whether it's really estimating some score for me.

 

Moderator Emeritus
Posts: 16,385
Registered: ‎03-12-2007
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Re: is score on Credit Karma reliable?


GTT wrote:

Happychap wrote:

It uses the Transrisk score, but also shows your Advantage score. I subscribe to Transuinion and can tell you that CK vantage score is the same as my TU Vantage score. So, yes it is reliable. I just don't know about the Transrisk score since TU uses the Vantage score.


Yes, Transrisk shows 718 and Advantage score shows 700.

I heard that it's only after 6 months that one could be possible to have a score...so I'm thinking whether it's really estimating some score for me.

 


Lenders (credit card companies, banks, mortgage lenders and auto delearships) don't use those scores.

Credit Profile - FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 27 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: TU 1


Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring World Mastercard ~ Chase Freedom Signature Visa ~ CITI Dividend World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Mega Contributor
Posts: 15,446
Registered: ‎04-09-2011
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Re: is score on Credit Karma reliable?


fused wrote:

GTT wrote:

Happychap wrote:

It uses the Transrisk score, but also shows your Advantage score. I subscribe to Transuinion and can tell you that CK vantage score is the same as my TU Vantage score. So, yes it is reliable. I just don't know about the Transrisk score since TU uses the Vantage score.


Yes, Transrisk shows 718 and Advantage score shows 700.

I heard that it's only after 6 months that one could be possible to have a score...so I'm thinking whether it's really estimating some score for me.

 


Lenders (credit card companies, banks, mortgage lenders and auto delearships) don't use those scores.


+1




EQ FICO 548 3/3/16
Regular Contributor
Posts: 210
Registered: ‎02-05-2012
0

Re: is score on Credit Karma reliable?


fused wrote:

GTT wrote:

Happychap wrote:

It uses the Transrisk score, but also shows your Advantage score. I subscribe to Transuinion and can tell you that CK vantage score is the same as my TU Vantage score. So, yes it is reliable. I just don't know about the Transrisk score since TU uses the Vantage score.


Yes, Transrisk shows 718 and Advantage score shows 700.

I heard that it's only after 6 months that one could be possible to have a score...so I'm thinking whether it's really estimating some score for me.

 


Lenders (credit card companies, banks, mortgage lenders and auto delearships) don't use those scores.


OK, then it's useless for me so far....

Established Contributor
Posts: 1,048
Registered: ‎02-27-2012
0

Re: is score on Credit Karma reliable?

My Credit Karma scores are pretty darn close to my are pretty darn close to my FICO. Maybe a coincidence. Anyone know what the score range is for Credit Karma?

AMEX: $0/$25,000, CSP: $0/$6500, Chase Priority Club: $0/$3500, Freedom: $0/$6000, Barclays NFL: $0/$7000 Discover: $0/$14,000, Citi Dividend: $0/$3500

EQ FICO - 728
TU FICO - 743
EX FICO(AMEX) - 712
Frequent Contributor
Posts: 345
Registered: ‎10-25-2011
0

Re: is score on Credit Karma reliable?

Yeah most lenders still use FICO but if you don't wish to pay for your FICO you could just sign up for Quizzel or Credit.com to ge free scores along with your CK score. It wont give you your real FICO but it will give you a rough idea on your credit worthyness at least Smiley Wink Quizzel pulls Experian where Credit.com and CK pull TU.   Not sure if there is an identical service that uses EQ. Smiley Indifferent

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