Reply
Regular Contributor
benandjerry
Posts: 111
Registered: ‎07-30-2013
0

Creditkarma logic?

I guess I really don't understand the scoring model(s) creditkarma has.

 

Just updated, and my 2 new accounts posted:

1x amex, with CL  $11,000.

1x chase UMPE CL $2,000.

 

Due to backdating my AAoA went from 1.94y to 2.58y

Total accounts from 5 to 7

Util dropped from 4% to 3%

 

CK score dropped from 734 to 718

Vantagescore went up from 820 to 825

Auto insurance stayed the same at 765

Home insurance jumped from 779 to 802.

 

Can anyone make sense of all of this?

 

 

 



$1250                $4000              $15,000            $11,000         $1000(secured)      CLOSED!                  $5000        2.65%:
Starting Score: 0 (03/01/13) &Current Score: TU FICO 791 CK755 CS747 QZ747 &Goal Score: 750 new goal:800 garden since 03/21/14
Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Creditkarma logic?

FAKO is as FAKO does. Probably it's the new TL (assuming the Chase has a new open date).


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}