topic Re: Question on CreditKarma in Credit Cards

Question on CreditKarma

Red1Blue — Wed, 16 Apr 2008 18:42:12 GMT

I just signed up the CreditKarma. Does it pull all 3 CR's or just one? If it is just one which CR is it based on? It gives me one score on the screen. I have no idea which CR it came from. Does it also display the accounts and other details or just score? I did not see any option on the screen to view other details, all I see is just my score.

Re: Question on CreditKarma

Anonymous — Wed, 16 Apr 2008 19:02:50 GMT

concorduser wrote:

I just signed up the CreditKarma. Does it pull all 3 CR's or just one? If it is just one which CR is it based on? It gives me one score on the screen. I have no idea which CR it came from. Does it also display the accounts and other details or just score? I did not see any option on the screen to view other details, all I see is just my score.

The score is based on only one CR. They don't tell you which one. I'm not sure if it's consistently the same one. It looked to me like it came from TU.

CreditKarma gives only the score, no accounts or other details -- hey, what did you expect for free?!

Re: Question on CreditKarma

Anonymous — Wed, 16 Apr 2008 19:03:54 GMT

I signed up this morning too. It seems to just give you the TU score with no details and how accurate that is, I am not sure.

I am not overly impressed by the site, but I guess its well worth the money

Re: Question on CreditKarma

Red1Blue — Wed, 16 Apr 2008 19:07:00 GMT

I just googled. I guess they provide based on TU. Not bad for a free service.

Re: Question on CreditKarma

Anonymous — Wed, 16 Apr 2008 19:34:32 GMT

SIGNED UP SCORE 717 WISH IT WAS FICO...

Re: Question on CreditKarma

Anonymous — Wed, 16 Apr 2008 21:22:44 GMT

I just signed up and I don't know if they pulled TU, EX, or EQ, but it said I have a score of 762, which definitely isn't the case for any of them.

Seems like a complete FAKO to me.

I didn't see any way to get details of the credit report, like accounts, inquiries, etc.

At least the other FAKO sites give you account details. This seems pretty worthless.

Message Edited by watchnerd on 04-16-2008 02:22 PM

Re: Question on CreditKarma

Red1Blue — Wed, 16 Apr 2008 21:23:56 GMT

It is fako scores based on TU. It is free and you can check every day. what more do you want?

Re: Question on CreditKarma

Anonymous — Wed, 16 Apr 2008 21:25:39 GMT

Yeah, but for what purpose?

If the account details aren't there and the score is meaningless, what's the point, even if free?

Re: Question on CreditKarma

Anonymous — Wed, 16 Apr 2008 21:37:32 GMT

I posted this earlier this morning on another post:

These are my TU score on 3 different sites:

CreditKarma - TU 693

TrueCredit - TU 667

MyFico - TU 635

CreditKarma uses TU scores and TrueCredit is by TU.

When I compared my scores CreditKarma's TU score is almost 25 points higher than TrueCredit - and both of these were checked on the same day. I would trust TrueCredit since it is a division of TransUnion but I also like CreditKarma because it makes me feel good with the high credit score.

Re: Question on CreditKarma

haulingthescoreup — Wed, 16 Apr 2008 23:45:02 GMT

@Anonymous wrote:
When I compared my scores CreditKarma's TU score is almost 25 points higher than TrueCredit - and both of these were checked on the same day. I would trust TrueCredit since it is a division of TransUnion but I also like CreditKarma because it makes me feel good with the high credit score. (emphasis mine --hauling)

I know that everyone has heard this before, but for the benefit of any new members and visitors, the TrueCredit score is a complete FAKO. It doesn't matter that it comes from TransUnion --they're just trying to flog their TransRisk scores. No lender that I'm aware of uses these scores.

This is from the infinitesimally small, pale grey print at the bottom of the score page on my TrueCredit reports that I just pulled:

TrueLink is not connected in any way with Fair, Isaac and Company; the credit score provided here is not a so-called FICO score. The credit scores of TransUnion may not be identical in every respect to any consumer credit scores produced by any other company.

It's fun to look at TransRisk scores, and CreditKarma, and Experian Plus, and all the others for giggles, but everyone here that I've seen who posts and follows their FAKO's eventually winds up getting bent out of shape at how misleading they are. And I've seen some serious damage done to people's credit by following the advice that comes with FAKO scores. (And yes, I love the reports; they're wonderful, and worth every penny, IMO.)

Think of these scores as credit Ouija boards.

Re: Question on CreditKarma

Anonymous — Thu, 17 Apr 2008 00:20:28 GMT

@Anonymous wrote:
Yeah, but for what purpose?

The score itself may be worthless, but watching it for changes can alert you to changes in your reports. It might be useful to let you know when you need to look at your real scores.

But there are probably better tools for that, really.

Message Edited by LaserBlue on 04-16-2008 05:20 PM

Re: Question on CreditKarma

Anonymous — Thu, 17 Apr 2008 01:20:50 GMT

Just wondering, How safe do you think CreditKarma is?? I see it is still in a beta phase.. I guess a plus is most people use truecredit too so we would know if our ssn was lo-jacked..

Re: Question on CreditKarma

Anonymous — Thu, 17 Apr 2008 03:35:38 GMT

I pulled my Credit Karma score a couple of months ago out of curiosity, and I have to say that even though the score is worthless, the advice on that site, in contrast to other sites that offer fake scores, was spot on! Seriously. It gave very detailed advice on the report's weak points and how to improve on them, and it wasn't at all just common sense stuff. (Sorry, don't remember the details right now, but I do remember being very impressed.)

Re: Question on CreditKarma

Trishco — Thu, 17 Apr 2008 04:09:40 GMT

So I couldn't resist the urge...its free afterall...hehehe...

Their score 705

FICO 658 as of yesterday....

*chants to self* I will not pull again, I will not pull again,

I gotta admit I was just tickled to see that 705 even if its a FAKO...I've never had a FAKO in the 700's...

Re: Question on CreditKarma

Anonymous — Thu, 17 Apr 2008 12:25:35 GMT

I just checked it out..... 741 which is about the same as TU Wamu.. It certainly has a broad range like 150-990. The thing that surprised me is they gave statistics for my "age group". I thought this was illegal........thoughts??

Re: Question on CreditKarma

unknown_entity — Thu, 17 Apr 2008 12:28:53 GMT

I got a 755 at CreditKarma

Re: Question on CreditKarma

Anonymous — Thu, 17 Apr 2008 13:14:28 GMT

@Anonymous wrote:
I just checked it out..... 741 which is about the same as TU Wamu.. It certainly has a broad range like 150-990. The thing that surprised me is they gave statistics for my "age group". I thought this was illegal........thoughts??

Where did you see the age group data? I can't find that info.

Re: Question on CreditKarma

Anonymous — Thu, 17 Apr 2008 13:40:04 GMT

I signed up to for the Karma and oh snap..

TU score here 632

TU score on my karma _ 537

Re: Question on CreditKarma

rebuilding — Thu, 17 Apr 2008 13:45:01 GMT

guess I am rare..

my creditkarma and MyFico are identical!!

Re: Question on CreditKarma

Anonymous — Thu, 17 Apr 2008 16:10:15 GMT

casinoannie97 wrote:

I just checked it out..... 741 which is about the same as TU Wamu.. It certainly has a broad range like 150-990. The thing that surprised me is they gave statistics for my "age group". I thought this was illegal........thoughts??

Perhaps they meant the age of your credit file?