topic Re: TU FICO vs CK score in General Credit Topics

TU FICO vs CK score

Anonymous — Tue, 07 Feb 2012 15:09:48 GMT

I know this has been talked about before, but I think it may help someone to post it here.

I was worried I had screwed up my credit because my high limit card reported a balance of 1100 dollars. (I paid it immediately but it still hit before the payment posted). I was scared to get my score but thought ok, I have to know (curiousity killed the cat) and did it. Actually the scores are now higher by about 5 to 10 points.

But my point I wanted to share is Creditkarma gives you a simulated score, based apparently on a TU model. My CK score is 698. But my TU FICO is 763. CK rates me "fair" in terms of credit score, but a 763 FICO is not a score one usually associates with "fair" credit. Obviously CK scores much differently than a FICO does.

I think it's important for people to know this and not put TOO much stock in what CK says. It's a great free service, but you have to take their numbers with a grain of salt. They also rate me a "poor" auto insurance risk, but I haven't had a claim, ticket, or accident in well over 20 years, and my credit is good, so how they would define a "good" auto risk, I have no clue, but again I think you have to really take what is said there with a big grain of salt.

Just hope this info is helpful/useful to you guys.

Re: TU FICO vs CK score

pizzadude — Tue, 07 Feb 2012 15:11:58 GMT

@Anonymous wrote:
I know this has been talked about before, but I think it may help someone to post it here.

I was worried I had screwed up my credit because my high limit card reported a balance of 1100 dollars. (I paid it immediately but it still hit before the payment posted). I was scared to get my score but thought ok, I have to know (curiousity killed the cat) and did it. Actually the scores are now higher by about 5 to 10 points.

But my point I wanted to share is Creditkarma gives you a simulated score, based apparently on a TU model. My CK score is 698. But my TU FICO is 763. CK rates me "fair" in terms of credit score, but a 763 FICO is not a score one usually associates with "fair" credit. Obviously CK scores much differently than a FICO does.

I think it's important for people to know this and not put TOO much stock in what CK says. It's a great free service, but you have to take their numbers with a grain of salt. They also rate me a "poor" auto insurance risk, but I haven't had a claim, ticket, or accident in well over 20 years, and my credit is good, so how they would define a "good" auto risk, I have no clue, but again I think you have to really take what is said there with a big grain of salt.

Just hope this info is helpful/useful to you guys.

+1. Ignore their credit advise, and don't try to correlate their scores with FICO scores.

Re: TU FICO vs CK score

nomoore — Tue, 07 Feb 2012 15:26:08 GMT

+1 Credit Karma is good for monitoring your TU credit report. That is all. Their credit score and credit advice are all FAKE. Don't trust either one.

Re: TU FICO vs CK score

Open123 — Tue, 07 Feb 2012 15:34:46 GMT

CK is a great free service to find good deals in a single portal.

However, some of their advice is just bizarre. For instance, they recommend that I get 24 credit cards.

Re: TU FICO vs CK score

mtrsprt — Tue, 07 Feb 2012 15:40:52 GMT

CK always shows my score consistantly between 50-60 points lower than my actual TU Fico. This is the same for most of the people who I showed the CK site. I just need to stop updating it every three days out of desperate hope........

Re: TU FICO vs CK score

Anonymous — Tue, 07 Feb 2012 15:45:54 GMT

@mtrsprt wrote:
CK always shows my score consistantly between 50-60 points lower than my actual TU Fico. This is the same for most of the people who I showed the CK site. I just need to stop updating it every three days out of desperate hope........

Only every 3 days? I do it every day I don't know WHY but, that luv button is there.....I'm trying not to press it!

Re: TU FICO vs CK score

mtrsprt — Tue, 07 Feb 2012 15:49:08 GMT

@Anonymous wrote:
@mtrsprt wrote:
CK always shows my score consistantly between 50-60 points lower than my actual TU Fico. This is the same for most of the people who I showed the CK site. I just need to stop updating it every three days out of desperate hope........
Only every 3 days? I do it every day I don't know WHY but, that luv button is there.....I'm trying not to press it!

3 days is pushing it... I have gone daily believe me..... I only have three open accounts, and I have a general idea when they report, yes I still do it..... I HATE that "update" button.......... I have gone as so much as waiting on the 24th hour, for when it allows me to update it again.......... It's disgusting.

Re: TU FICO vs CK score

nomoore — Tue, 07 Feb 2012 16:23:01 GMT

Wow! Maybe I'm not crazy. I update daily too.

Re: TU FICO vs CK score

Anonymous — Tue, 07 Feb 2012 16:25:27 GMT

@nomoore wrote:
Wow! Maybe I'm not crazy. I update daily too.

You probably aren't crazy but I am. I admit it!

Still compared to Citi, I'm almost normal!

Re: TU FICO vs CK score

learnin113 — Tue, 07 Feb 2012 18:15:43 GMT

@nomoore wrote:
Wow! Maybe I'm not crazy. I update daily too.

I did too, becuz I was really holding out hope it would Mod Cut...

Re: TU FICO vs CK score

ztnjpv — Tue, 07 Feb 2012 16:42:07 GMT

My TU Fico is currently 699, which MyFico says is "Good". CK has my score at 660, which they claim is "Fair".

I dunno. CK also told me I had good approval odds with the Venture Card, which generally for very good to excellent credit. But then again, SO DID MyFico! I was just denied and I am a little disgruntled about it.

Re: TU FICO vs CK score

Anonymous — Tue, 07 Feb 2012 16:46:39 GMT

@ztnjpv wrote:
My TU Fico is currently 699, which MyFico says is "Good". CK has my score at 660, which they claim is "Fair".

I dunno. CK also told me I had good approval odds with the Venture Card, which generally for very good to excellent credit. But then again, SO DID MyFico! I was just denied and I am a little disgruntled about it.

It really all just depends you may get the card with that score if you met certain other criteria in your report, but as a rule my guess would be that's too low for a prime card approval.

But you aren't that far away. I know it stings to get denied (been there done that) but just garden and hang in there and good things will come.

Re: TU FICO vs CK score

ztnjpv — Tue, 07 Feb 2012 17:08:35 GMT

Yeah, I know. I'm trying.Thing is, I'm just clawing for every point I can get. All simulators pointed to a beneficial bump from adding another card. And now, I'll get docked points instead because of the inquiry.

The funny thing is that I don't *NEED* the card. I live just fine without cards. I'm using/acuiring them now to go through the robotic motions of increasing my score. I'm not a credit "risk" regardless of my score says. I'm just looking for credit score increases.

I know that rings hollow and has no meaning but it's the truth.

Re: TU FICO vs CK score

mtrsprt — Tue, 07 Feb 2012 17:17:05 GMT

@ztnjpv wrote:

The funny thing is that I don't *NEED* the card. I live just fine without cards. I'm using/acuiring them now to go through the robotic motions of increasing my score. I'm not a credit "risk" regardless of my score says. I'm just looking for credit score increases.

Same here. I know some day it will pay to have a decent score sitting on my back. I racked up $25,000.00 in credit card debt TWICE 6 years ago, and let them all go unpaid. Started paying off, and settling last year in July. In 2 years the last three derogitory accounts will come off my report, unless I get get them to accept a PFD offer. One is Midland, the other Asset Acceptance. So my chances are slim to none.....

Re: TU FICO vs CK score

Anonymous — Tue, 07 Feb 2012 17:20:26 GMT

My score from walmart is 673.... from CK its 576 >_>

Yea.... Their calculator must be broken.

Re: TU FICO vs CK score

mtrsprt — Tue, 07 Feb 2012 17:22:50 GMT

@Anonymous wrote:

Yea.... Their calculator must be broken.

Same with their score estimator......

Re: TU FICO vs CK score

Cdnewmanpac — Tue, 07 Feb 2012 17:38:54 GMT

The ck score is a "transrisk" score. It doesn't factor things the same way that fico does. For example, transrisk calculates an average age of open accounts, whereas fico calculates average age of all reporting accounts (open or closed). I learned this when I closed a credit card and the transrisk tanked, while ex fico and tu vantage didn't budge. You cannot use these scores to predict the scores your lender uses. Heck, you can't even use the myfico scores (if you need them to match exactly). Wells Fargo pulled "plus" scores to approve my mortgage. Go figure. What you can use them for is to determine when an event you are waiting for has happened. If you are waiting to see when a new credit card posts to your tu report, a sudden change in ck and vantage scores can hint that it is now worth spending money for a tu fico, etc. I also used it to see when a collection account that was supposed to delete finally deleted from tu. got a 40 point score bump the day experian showed the account as deleted, so felt comfortable applying for a new card feeling confident it wouldn't be there. But I would never use a ck score to interpolate my actual lender score.

Re: TU FICO vs CK score

Anonymous — Tue, 07 Feb 2012 18:03:09 GMT

haha, im not the only neurotic one here? i update every morning.

Re: TU FICO vs CK score

Anonymous — Sun, 28 Oct 2012 16:21:30 GMT

Re: TU FICO vs CK score

Anonymous — Tue, 07 Feb 2012 20:14:40 GMT

Another funky thing about CK - they pull TU it would seem, however, my Cap One is now reporting on TU and EQ, but CK does not see the card. Makes me wonder if they are channeling EX or something? I haven't checked that in the last 3 weeks, but I can tell you for certain the new account is now reporting on EQ and TU.

I'm thinking more and more, in this case we get what we pay for.