topic CreditKarma almost gave me a heart attack :-( UPDATE in Rebuilding Your Credit

CreditKarma almost gave me a heart attack :-( UPDATE

Beasley12 — Sun, 03 Feb 2013 02:17:58 GMT

I logged into my CK account as I do everyday. After refreshing my scores I see that my transrisk score fell 66pts but my Vantage increased by 7...i looked to see if there were any differences in inquiries, account balances, number of collection accounts.......nothing different. I am seriously sitting here typing and I feel out of breath.....what happened!?!?! I know this is a FAKO but still.....what happened.....why? My scores on CK used to be 646 transrisk and 682 Vantage. It is now 580 transrisk and 689 Vantage. Somebody please explain this madness to me......please.

Re: CreditKarma almost gave me a heart attack :-(

llecs — Sat, 02 Feb 2013 20:07:04 GMT

FAKO is as FAKO does. I'd ignore it. If there were no changes to TU then it's possible there were no changes to your FICO.

Re: CreditKarma almost gave me a heart attack :-(

Anonymous — Sat, 02 Feb 2013 20:55:49 GMT

FAKOs are crazy. My CK did that too, well a 30 point drop, I freaked and bought my TU report to find it didn't go down but up! Only thing I look at on there is report activity, not score!

Re: CreditKarma almost gave me a heart attack :-(

Beasley12 — Sat, 02 Feb 2013 21:04:10 GMT

That is where I am now......I am about to buy my TU FICO....I can't take not knowing. I just hate having to spend $20 for it. :-(

Re: CreditKarma almost gave me a heart attack :-(

Anonymous — Sat, 02 Feb 2013 21:10:27 GMT

Me too! Esp when I already pay for score watch. But, I'm looking for a mortgage so I cant risk it!

Re: CreditKarma almost gave me a heart attack :-(

Shogun — Sat, 02 Feb 2013 23:25:50 GMT

Just so you know, CK only counts the AAoA of open accounts. That's what's dragging my score down so low with them vs my actual FICO.

Re: CreditKarma almost gave me a heart attack :-(

Beasley12 — Sun, 03 Feb 2013 00:38:16 GMT

I wonder if this had anything to do with my student loans.....I just started repaying them.

Re: CreditKarma almost gave me a heart attack :-( UPDATE

Beasley12 — Sun, 03 Feb 2013 02:19:03 GMT

Pulled TU FICO.....IT INCREASED from 655 to 672....damn CK made me waste $20 but yippee....I'm in the GOOD category!!!!

Re: CreditKarma almost gave me a heart attack :-( UPDATE

Anonymous — Sun, 03 Feb 2013 03:00:08 GMT

See! Exactly why FAKO is fake!!! Congrats!

Re: CreditKarma almost gave me a heart attack :-( UPDATE

mmmlive1999 — Sun, 03 Feb 2013 06:35:24 GMT

Just say no to FAKO.

Re: CreditKarma almost gave me a heart attack :-( UPDATE

Anonymous — Sun, 03 Feb 2013 16:39:47 GMT

Is the TU score that you can purchase here, anywhere near the score that a lender would see? Or is it just as off as another FAKO score?

Re: CreditKarma almost gave me a heart attack :-( UPDATE

Anonymous — Sun, 03 Feb 2013 17:52:31 GMT

It's the real deal here, what most lenders use. All the ones I've talked to use this score. Not fako, which is why you pay so much :-/

Re: CreditKarma almost gave me a heart attack :-( UPDATE

ktl72455 — Sun, 03 Feb 2013 18:27:47 GMT

When I started my repair on 2/1/2012 my CK TU score was 540

When I pulled Myfico TU on 12/4/12 my TU Score was 587 and My CK TU score was 561**** +26 point difference

Today my CK TU is 598 **** if I add +26 I should be 624.. approx.

I am making alot of changes and fixes and geting TL deleted etc so I know it will increase but man I want to buy my scores so bad just to peek if I am at 600 or not!!

LOL!! I am doing the inner battle.. its only 20.00...... save the 20.00 keep repairing.... yeah but its only 20.00 :-) ahhhh I am waiting!!

Re: CreditKarma almost gave me a heart attack :-( UPDATE

Anonymous — Mon, 04 Feb 2013 02:15:57 GMT

Its hard with CK, one day your FICO will be 20 more then could be 20 less, theres no rhym or rythm with it..

Re: CreditKarma almost gave me a heart attack :-( UPDATE

Anonymous — Mon, 04 Feb 2013 02:28:46 GMT

Hence why my ck fako went up 55 total points today and my fico went down 2 because of a new Cap1 card and a new First Progress card.

looking at ck makes me crazy!

Re: CreditKarma almost gave me a heart attack :-( UPDATE

phillyguy12 — Mon, 04 Feb 2013 18:04:04 GMT

its a better indicator for mortgage apps, credit cards not so much at least in my experience, I was shopping for refi last yr and the broker pull matched my score on here, after I got an updated score I apped for a discover card got approved but less favorable terms because of score, when they sent me the disclosure the discover pull was 20 or 30 pts lower than the score on here, I couldn't get myfico or discover to say what the reason was for the difference , but most on here said its because the score on here is TU 98 model which isn't used for a lot of cc's any more but still widely used in mortgage lending, discover prob pulled a newer model tu 04 or 08 or industry enhanced version of the score

Re: CreditKarma almost gave me a heart attack :-( UPDATE

Gunnar419 — Mon, 04 Feb 2013 20:53:22 GMT

I am also trying not to panic over a FAKO -- but not having much luck. Not CK but Credit Sesame. I need some reassurance, please!

Last month I applied for and got a VentureOne card with a $10k CL -- which nearly doubles my available credit and should drop my utilization from 32% to well under 20%. I've been happily looking forward to the new card reporting. CK and MyFico still don't have it, but this morning CS sent an alert saying my score had dropped 50 points! CS being CS, they aren't very forthcoming about why the drop happened. But they show that my monthly payments have risen, which could only be because of the new card reporting with a balance (several weeks after being opened).

My CS score was 717 (and CapOne confirmed: 720 on Ex). It's now 667 on CS. I have never, ever, ever had a score below 700 before, and my scores (both FAKO and FICO have mostly been between 720 and 760; currently 743 Eq on MyFico). I was thinking/hoping the new CL and lower util would boost me solidly into the upper 700s.

Yes, I know it's FAKO. But I wouldn't have imagined such a drop in my wildest dreams. My AAoA was 6 years before I got this card. Never had a late payment, ever. No baddies at all. Only two inquiries in the last two years. (And CS already dinged me 10 points for the second of those.)

OMG, what on earth are they thinking!

(EDIT) And more important, how likely is it that having a this new card will knock my real scores down like that?

Re: CreditKarma almost gave me a heart attack :-( UPDATE

Anonymous — Tue, 05 Feb 2013 16:20:23 GMT

What does AAoA stand for

Re: CreditKarma almost gave me a heart attack :-( UPDATE

Gunnar419 — Tue, 05 Feb 2013 16:31:42 GMT

Average Age of Accounts.

There's a stickied post around here with all the common abbreviations on it. If you're a newbie to the forums (as I am), you're going to need it! Sometimes it seems as if folks hereabouts talk in code!

Re: CreditKarma almost gave me a heart attack :-( UPDATE

tooleman694 — Tue, 05 Feb 2013 16:35:33 GMT

My AAOA on CK is listed as an F.

Thats my only bad item on it and my score on there sucks because of it.