Reply
New Visitor
cptCrunch
Posts: 1
Registered: ‎04-29-2008
0

How accurate is CreditKarma?

It says I'm at 741, up from 725 a few months ago. How close is that to an actual TU FICO?
Valued Contributor
cobra19
Posts: 1,424
Registered: ‎07-24-2007
0

Re: How accurate is CreditKarma?

It's a FAKO score
New York Yankees - 2009 World Series Champions. 27... and counting.....
Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
0

Re: How accurate is CreditKarma?

Ignore CK's scores. Different formula and same as a TC TU FAKO. There's no comparison to a FICO. CK can go up and FICO down and vice-versa.
Super Contributor
MidnightVoice
Posts: 8,161
Registered: ‎03-25-2007
0

Re: How accurate is CreditKarma?

My CK score (based on the TUrisk score) has been perfectly logical for the last year - it has steadily increased from 730 to 780, as my util has stayed the same and all last years accounts have aged and I have had no new accounts and no inqus.

 

Unfortunately, logical as this is, it bears no relationship whatsoever to what has happened to any of my real scores!!!!

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Senior Contributor
MattH
Posts: 3,240
Registered: ‎04-03-2008
0

Re: How accurate is CreditKarma?

 

I've found that the simple estimator on this site here:

http://www.myfico.com/FICOCreditScoreEstimator/Estimator.aspx

 

comes about as close as any of the FAKO scores, and it's totally free.

 

TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
If you dunno what tanstaafl means you must Google it
Regular Contributor
wcnghj
Posts: 150
Registered: ‎11-09-2008
0

Re: How accurate is CreditKarma?

It's good enough for monitoring for me, it's always about 20 point lower than my FICO.
04/2009
TU:745
EQ:764

10/2008
TU: 708
EQ: 708
EX:707
New Member
Sushijin
Posts: 4
Registered: ‎01-22-2011
0

Re: How accurate is CreditKarma?

Interestingly enough, my score at creditkarma is about 50 points lower than the score at myfico...  And unfortunately, the official tally by a lender mirrored the creditkarma score almost exactly...  So I dunno.

Regular Contributor
geronimo2008
Posts: 183
Registered: ‎07-21-2007
0

Re: How accurate is CreditKarma?

I use creditkatma to find out if certain info has been reported to TU.  Heck it's free.  It is perfectly accurate if you really want the TU Risk or Vantage score but it does not report FICO scores.


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+
}