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Regular Contributor
GTT
Posts: 208
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
Happychap
Posts: 339
Registered: ‎10-25-2011
0

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
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

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.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Moderator
pizzadude
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
GTT
Posts: 208
Registered: ‎02-05-2012
0

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
fused
Posts: 16,374
Registered: ‎03-12-2007
0

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 (09-16-2014): EQ 824, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
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.


+1




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Regular Contributor
GTT
Posts: 208
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
SwiftTone
Posts: 1,026
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?

BCE: $0/$11,200, CSP: $0/$6500, Chase Priority Club: $0/$3500, Freedom: $0/$6000, Barclays NFL: $0/$7000 Discover: $0/$12,500, Citi Dividend: $0/$3500

EQ FICO - 728
TU FICO - 734
EX FICO(AMEX) - 712
Frequent Contributor
Happychap
Posts: 339
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 :smileywink: Quizzel pulls Experian where Credit.com and CK pull TU.   Not sure if there is an identical service that uses EQ. :smileyindifferent:


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