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CREDIT KARMA

Regular Contributor

CREDIT KARMA

How accurate is this?  I paid some small debts down and score dropped?

"just trying to get my credit up..."
Message 1 of 13
12 REPLIES
Highlighted
Established Member

Re: CREDIT KARMA

As far as score goes my ck score is 619 and here it is 609 so for me  ck is fairly accurate.

Message 2 of 13
Moderator Emeritus

Re: CREDIT KARMA

Mine is usually within 50-60 points compared to myFICO on the same day.

Message 3 of 13
Regular Contributor

Re: CREDIT KARMA

mine and my wifes are exactly 30 points off.   LOWER on credit karma of walmarts monthly fico.  IE.... CK on same day as WM fico pull shows CK 609  WM fico 639


Starting Score: TU 583, EX 683, EQ 653
Current Score: 10/12/14 TU 743 9/24/2014 EQ FICO 751,12/17/2014 EXPERIAN 772
Goal Score: 750

WALLET: CAP ONE UNSEC $2000, WALMART $3800, CITI SIMPLICITY $3600, DISCOVER IT $2000, BBRZ $2200, AMEX BCE $24,500, CHASE FREEDOM 10,500 KAWASAKI GOOD TIMES CARD $31,500
Message 4 of 13
Established Contributor

Re: CREDIT KARMA

Not quite comparable to FICO:

 

CK: 638

MyFICO: 670

NFCU CashRewards $13.5k | AMEX BCE $15k | Lowes $17k | Sportsmanss guide $7.6k | Chase Freedom $1k | Discover IT $4.4k |
Walmart $8k | Gordman's $2950
Message 5 of 13
Valued Contributor

Re: CREDIT KARMA

Credit Karma: 633

TransUnion pulled for mortgage loan: 552

Message 6 of 13
Regular Contributor

Re: CREDIT KARMA

CK 637

TU Fico here 702.

Only thing CK is good for is letting you know if something negative was put on your report or to check and see if something was removed.

Message 7 of 13
Established Contributor

Re: CREDIT KARMA

My CK is about 25 lower than on myFICO

Fico: 701 (5/22/14) 682 (5/9/2014)
Discover IT $5,200 / CU Visa $1,000 / JC Penny$3,000
App Free since 2/2013
Message 8 of 13
Regular Contributor

Re: CREDIT KARMA

Same her, I just got a Walmart card and one of my other card balance is lower and my core dropped from 626 to 583 on ck!!

Message 9 of 13
Moderator

Re: CREDIT KARMA

It's a completely different formula. Naturally we don't have the details of any of the scoring formulas, but you can see the differences. For example, FICO scoring uses AAoA (Average Age of Accounts) and Credit Karma uses Average Age of OPEN accounts. That is a scoring difference. There are other differences too. Someone more knowledgeable than I am can jump in here...but as stated above, use it to track info from your report but ignore the score generated by CK.

Message 10 of 13