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Credit Karma vs FICO

Moderator Emeritus

Credit Karma vs FICO

Took a hit this month on CK, dropped 61 points from new CC added.  I still haven't figured out where they get their numbers.

 

TU08               759

TU98               753

Credit Karma 687

 

 

Am I ever thankful nobody uses their scores!!!!!!!

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 1 of 12
11 REPLIES
Blogger

Re: Credit Karma vs FICO

Message 2 of 12
Moderator Emeritus

Re: Credit Karma vs FICO

Nope, Barclays NFL.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 3 of 12
Established Contributor

Re: Credit Karma vs FICO

I lost 28 points this month on CK getting a new CC, but my Vantage Score jumped from 694 to 712.

 

I'll be able to get my first Fico scores beginning of January to compare my scores. I can't wait!!


DCU Platinum: 4000 - Discover IT: 11000 - Walmart: 5000 - AMEX BCP: 18000 - Chase Freedom VS: 5000
in the garden since 1/24/14 - #GARDENSTRONG
Message 4 of 12
Regular Contributor

Re: Credit Karma vs FICO

My CK scores are almost 100 points lower than my actualy FICO scores. They smokin something over there.

 

(minor profanity tweak - Rev)


Starting: 563 | Current: 748 (TU 8/15) | Goal: 800 | Garden since: 08/10/2015

Message 5 of 12
New Member

Re: Credit Karma vs FICO

My FICO score says 680, my CK shows 642 & my Credit Sesame says 639. But when the dealership pulled my credit for my new car, they said my credit score is 702...
Message 6 of 12
Blogger

Re: Credit Karma vs FICO

Perhaps that additional account puts you in a different risk bracket according to their algorithms.

Message 7 of 12
Valued Contributor

Re: Credit Karma vs FICO


cds508 wrote:
My FICO score says 680, my CK shows 642 & my Credit Sesame says 639. But when the dealership pulled my credit for my new car, they said my credit score is 702...

CK and Credit Sesame provide scores not used by any lender.

 

myFICO provides FICO scores that will match some lender scores and be similar to others.

 

First, are they the same CRA?

 

If they are, then the auto lender used a different version of FICO or the Auto Industry Enhanced verson of that FICO. They will have provided you with some other info that may help to figure out what they pulled. Is there a score range? Any other info?

Message 8 of 12
Established Member

Re: Credit Karma vs FICO

My CreditKarma transrisk score is 646 (fair) and has stayed that number for all of December.

My CreditKarma "vantage" score is 904 (an A) and has risen steadily all month - I paid off a few credit cards.

 

my understanding is that neither of the CK numbers are accurate but the Vantage score is completely useless... just my luck

Message 9 of 12
Moderator

Re: Credit Karma vs FICO


SquirrelParty wrote:

My CreditKarma transrisk score is 646 (fair) and has stayed that number for all of December.

My CreditKarma "vantage" score is 904 (an A) and has risen steadily all month - I paid off a few credit cards.

 

my understanding is that neither of the CK numbers are accurate but the Vantage score is completely useless... just my luck


Transrisk is pretty useless other than entertainment value, Vantage has some very small use as lenders will occasionally use it but I don't know of any offhand that make their primary lending decision off of it.

 

Vantage is developed by the CRA's to be competition to FICO's score, as such, out of any of the non-FICO scores, it's arguably the most beneficial; however, I suspect the number of Vantage-pulls being done is maybe on the order of 1% for non-auto/mortgage approvals, and quite likely a fraction of that.

 

Edit: ratio of Vantage pulls is probably posted somewhere I just haven't gone looking for it.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


Take the myFICO Fitness Challenge
Message 10 of 12