Regular Contributor
hateAshbury
Posts: 131
Registered: ‎11-14-2011
Credit Karma overall credit grade = C

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?


Starting Score: 653 (11/1/2011 TransUnion)
Current Score: 719 (5/3/2012 TransUnion) 572 (3/21/2012 Equifax) 762 (4/14/12 VantageScore)
Goal Score: 700


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Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
Re: Credit Karma overall credit grade = C

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.

Valued Contributor
GregB
Posts: 1,669
Registered: ‎05-24-2007
Re: Credit Karma overall credit grade = C

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.