Moderator Emeritus
Posts: 10,859
Registered: ‎12-30-2011
Re: How accurate is CreditKarma?
[ Edited ]

Walt_K wrote:

CreditKarma provides a completely accurate Transrisk score and Vantage score.  These are competing score models that are not meant to be a predictor of FICO score. 

Transrisk is an educational purpose score, no lender uses this and as such it's not relevant to any sort of underwriting approval.  TBH, I find it more for entertainment value than anything else, one month I paid down my credit card balances and my score dropped.  Good times!


Vantage might have some value as there are a few lenders which use it occasionally today and it might gain wider adoption in the future; however, it was developed by the CRA's jointly to be a direct competitor to FICO's products, unlike any of the educational scores provided by any of the bureaus.


Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 683, EQ 8 690, TU 710, EX 715 (01/01/15)
Goal Score: 700 on EQ 04 (01/01/16)

Take the myFICO Fitness Challenge