Credit Karma FAKO is not very good

[Anonymous]

I know I shouldn't take too much stock in it, but I don't understand the Credit Karma FAKO.  My TU has finally reflected paying my utilization down from 80% to 30%, about 3 collections have been removed from my TU, and yet there has been zero change in any of my 3 Credit Karma scores.  I kept waiting for my utilization to change assuming I would see a nice boost, and nothing.  It's funny because according to their report card, I have a B in the most important category (utilization) and an A in the second most (on-time payments).  Somehow, though, I still have an F in overall.

[Tpelc23]

Have your credit reports been updated since you paid down your UTI? It can take about 30 days.

[Anonymous]

They are all updated, and I know that TU is (which Credit Karma uses).  Even Credit Karma's score report card shows my new lower utilization, upgrades that section from a 'D' to a 'B', but has no impact on score.

[Anonymous]

FAKOS from any Credit Monitoring Service are not any good -- no creditor or lender uses them.  The USAA Credit Monitoring Service that I use gave me the credit scores that you see in my signature and they haven't changed one number either way since the first day I opened the account.  They're worthless!   Its the credit reports that matter, NOT the scores.

[namvet]

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@Anonymous wrote:

FAKOS from any Credit Monitoring Service are not any good -- no creditor or lender uses them.  The USAA Credit Monitoring Service that I use gave me the credit scores that you see in my signature and they haven't changed one number either way since the first day I opened the account.  They're worthless!   Its the credit reports that matter, NOT the scores.

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My USAA credit monitoring changes all the time.   It's been acurate on my activity.  The Fako scores they report tend to run lower than my real Fico scores.

[Anonymous]

My USAA scores have also changed quite a bit in just a couple weeks.  The only one I have a basis for comparison, though, is TU.  It is about 100 points lower than my real TU Fico.

[JohnPTEX]

My CreditKarma (Transunion) TransRisk FAKO runs about 10 points lower than my actual FICO and my TransUnion (TrueCredit.com) Vantage FAKO runs about 40-60 points higher than my actual FICO - I am waiting on a secutiry mailer from USAA so hopefully I can start using them this week.

In all I check my actual FICO once a quarter and use the other services just to monitor.  You just take them all with a grain of salt.

[Tpelc23]

My Credit Karma FAKO is 618

My Privacy Guard FAKO is 632

I pulled my FICO TU, it is in my signature and much higher the Credit Karma and about 10 points higher the Privacy Guard.

[Anonymous]

I found out that credit karma updates every 60 days.  I confirmed this because I show on my soft inquiries that they pull it every other month.

[Anonymous]

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@Anonymous wrote:

I found out that credit karma updates every 60 days.  I confirmed this because I show on my soft inquiries that they pull it every other month.

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You can update your score manually whenever you want and as often as you want though.  Right under your score, just click the "Update" link.