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Valued Member
Cracka
Posts: 45
Registered: ‎03-24-2013
0

MyFico quarterly monitoring TU score vs Credit karma

Last week I signed up for creditkarma and was flabbergasted when it spilled out a 722 Fico score and said I was in the "good credit" category. I knew this was weird since I recently was declined for a Costco Amex true earnings CC. This site also tempted me to apply for certain CC's but luckily I resisted the temptation since I had a feeling that it was too good to be true.

Well, I signed up for quarterly monitoring today and got my TU fico. It is 610, wow, how can my fako on CK be 112 points higher than my TU fico? I know the score modeling is different, but this post serves to caution all of you who use CK for advice in obtaining new CC's! Beware.

As for me, I'm hopeful that my scores will go up since I sent a lot of GW letters out last week. I even received a SW alert stating that my FIA acct reported changes for the positive! I haven't verified on my EX report yet but i don't see this on my TU yet either. Will wait and see.


Starting Score: 639
Current Score: 648 EQ, 664 TU
Goal Score: 720

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Senior Contributor
DaBears
Posts: 3,930
Registered: ‎10-26-2012
0

Re: MyFico quarterly monitoring TU score vs Credit karma


Cracka wrote:
Last week I signed up for creditkarma and was flabbergasted when it spilled out a 722 Fico score and said I was in the "good credit" category. I knew this was weird since I recently was declined for a Costco Amex true earnings CC. This site also tempted me to apply for certain CC's but luckily I resisted the temptation since I had a feeling that it was too good to be true.

Well, I signed up for quarterly monitoring today and got my TU fico. It is 610, wow, how can my fako on CK be 112 points higher than my TU fico? I know the score modeling is different, but this post serves to caution all of you who use CK for advice in obtaining new CC's! Beware.

As for me, I'm hopeful that my scores will go up since I sent a lot of GW letters out last week. I even received a SW alert stating that my FIA acct reported changes for the positive! I haven't verified on my EX report yet but i don't see this on my TU yet either. Will wait and see.

Credit Karma is a fako score and has no meaning whats so ever when it comes to lenders looking at your creditworthiness. myFico quarter Monitoring uses Fico 08'

Over 90% of lenders use fico scoring. 

Regular Contributor
rm3
Posts: 198
Registered: ‎03-02-2012
0

Re: MyFico quarterly monitoring TU score vs Credit karma

Which Fico does Walmart use?
Starting EQ Fico: 536 (3/12)
Current EQ Fico: 649 (9/13)-lender pull
TU Fico: 684 (8/13) 711-lender pull 9/13
EX Fico: 646 (8/13) 655-lender pull 9/13
Senior Contributor
DaBears
Posts: 3,930
Registered: ‎10-26-2012
0

Re: MyFico quarterly monitoring TU score vs Credit karma

I believe they use 04' I could be wrong. I don't shop at walmart!!!!

Frequent Contributor
jdirilo
Posts: 331
Registered: ‎08-27-2012
0

Re: MyFico quarterly monitoring TU score vs Credit karma

My ck score is only five pts off from my tu fico. Everyone is different.
Valued Contributor
indiolatino61
Posts: 1,455
Registered: ‎11-10-2012
0

Re: MyFico quarterly monitoring TU score vs Credit karma


rm3 wrote:
Which Fico does Walmart use?

myFICO uses the TU04 model, and Walmart uses the TU08 model. People here say that the TU08 model is used by almost NO lenders, and as such is valueless. My opinion is that if you use all the free scores out there (CreditKarma, CreditSesame, Credit.com, Quizzle) as trending numbers, then they all have some value. They may not be FICO scores, but if they are all increasing, then it is likely that your FICO score is increasing. Maybe not by the same ratios, but it is a valid tool if used in that light.

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New Contributor
fdiggy
Posts: 97
Registered: ‎10-28-2012
0

Re: MyFico quarterly monitoring TU score vs Credit karma

My CK credit score is 643, my TU FICO pulled from lender 724

 


Starting Score: 701
Current Score: EX-FICO701 EQ-FICO644 TU-FICO724 all lender pulls April 2nd 2013
Goal Score: 800


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Regular Contributor
deadbishop
Posts: 130
Registered: ‎05-19-2012
0

Re: MyFico quarterly monitoring TU score vs Credit karma

Indiolatino61 I think your wrong..myfico uses tu98 and eq beacon 5.0
Walmart uses tu08
Most mortgage lenders use tu04 eq beacon5.0 and ex 04 version 2
Bankrupcy 7 Filed 2/20/2012
Discharged 6/18/2012
FICO as of 7/6/2012
TU 630 Classic (04)
EQ 641 FACTA Beacon 5.0
EX 607 Fair Isaac (ver. 2)

Regular Contributor
deadbishop
Posts: 130
Registered: ‎05-19-2012
0

Re: MyFico quarterly monitoring TU score vs Credit karma

The tu98 from here myfico is not used by lenders
Bankrupcy 7 Filed 2/20/2012
Discharged 6/18/2012
FICO as of 7/6/2012
TU 630 Classic (04)
EQ 641 FACTA Beacon 5.0
EX 607 Fair Isaac (ver. 2)

Regular Contributor
rm3
Posts: 198
Registered: ‎03-02-2012
0

Re: MyFico quarterly monitoring TU score vs Credit karma

Any significant difference between the tu98 and the tu04
Starting EQ Fico: 536 (3/12)
Current EQ Fico: 649 (9/13)-lender pull
TU Fico: 684 (8/13) 711-lender pull 9/13
EX Fico: 646 (8/13) 655-lender pull 9/13

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