topic Credit Karma in Understanding FICO® Scoring

Credit Karma

MySunrise271 — Fri, 12 Oct 2018 11:29:25 GMT

Does CK allow you to simulate your score to see how changes in your credit behaviors would impact your future score?

Re: Credit Karma

FireMedic1 — Fri, 12 Oct 2018 12:01:15 GMT

Yes. Basically all the Vantage score and even MyFICO simulators should be called Guess-a-meters. They aren't reliable and only go by a score. Doesnt take into account all the baddies on someones report per say and other things that make up your score. FICO scores are like a fingerprint. No one has the same report.

Re: Credit Karma

Thomas_Thumb — Fri, 12 Oct 2018 13:07:10 GMT

@MySunrise271 wrote:
Does CK allow you to simulate your score to see how changes in your credit behaviors would impact your future score?

Yes, it has a simulator from TransUnion for VantageScore 3.0. Click on resources and select "credit score simulator".

Re: Credit Karma

Jnbmom — Fri, 12 Oct 2018 13:58:11 GMT

Although it does have a simulator it is about as reliable as their scores, no lenders use them so it is really worthless.

Only good thing about CK is you can monitor your reports for changes etc.

Re: Credit Karma

Anonymous — Fri, 12 Oct 2018 17:20:31 GMT

@Jnbmom wrote:
Although it does have a simulator it is about as reliable as their scores, no lenders use them so it is really worthless.

Only good thing about CK is you can monitor your reports for changes etc.

But boy is that ever a good thing. Really nice to have a free tool that will enable you to pull your reports as often as once every 7 days. And we have had many people on the forum who have said that Karma's alerts are much more prompt than (for example) that of myFICO Ultimate.

Also really nice to have a free source of the TU Auto Insurance score, since the only alternative is the LexisNexis Auto Insurance score and that costs you every time you pull it.

Re: Credit Karma

Thomas_Thumb — Fri, 12 Oct 2018 19:30:11 GMT

Actually CK has property (home) insurance score available as well - and they are different.

Regarding LexisNexis (LN), I have been unable to get a paid for score through their website this year. The prior links are dead. I believe they shutdown that option either March or April 2018.

Re: Credit Karma

MySunrise271 — Sat, 13 Oct 2018 01:28:30 GMT

@Thomas Thumb where do I find the property score?

Re: Credit Karma

Anonymous — Sat, 13 Oct 2018 07:42:39 GMT

You can find your home/auto insurance scores through CK here:

https://www.creditkarma.com/myfinances/scores/insurance