10-09-2012 07:11 AM
So this is peculiar: CK says my overall credit grade is C, yet the component grades ars as follows:
Credit Card Utilization = A
Percent of On-Time Payments = A
Average Age of Open Credit Lines = C
Total Accounts = A
Hard Credit Inquiries = B
Derogatroy Marks = A
How does that possibly come out to an overall grade of C?
10-09-2012 07:23 AM
FAKO is as FAKO does. It probably take your score and compares it to an average of their FAKO. I think the grades are based off TransRisk as opposed to VantageScore because the grades were there with TransRisk before they introduced VantageScore.
10-09-2012 08:59 AM
It is a complete waste of time, and likely misleading, to look at the scores from CK. My CK Credit Score is A but my real FICO is slightly below the median, which should mean a C.
The CK VantageScore has a tiny, tiny amount of usefullness. Unless you really know the details, it is useless for most people.