Credit Karma score was WAY off

[Anonymous]

I guess I am in the minority when I say my FICO scores turned out to be higher than CK scores. There are a few anomalies with FICO Bankcard and Auto in my case.

[calyx]

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@Anonymous wrote:

I guess I am in the minority when I say my FICO scores turned out to be higher than CK scores. There are a few anomalies with FICO Bankcard and Auto in my case.

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My FICOs are way higher than my VS scores, too.    Except for one month during my build, they always are/were.

[DaveInAZ]

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@Anonymous wrote:
CK **bleep** near gives me “good” TU and EQ scores of 685 and 681, and Cap1 has my EX vantage score at 685 as well.

But in the words of Maury: The results are in and that was a lie.

My fico score 8’s are anywhere from 20 to 40 points less than vscore 3.0.

And yes, CK scores hurt and are very deceiving. But I admit I check my CK scores to lift my spirits a little bit after checking my fico scores. CK is like getting a friend request from a fake hot girl spam/hacker account on FB. You know **bleep** well it’s not real.

Edit: Whoa, sorry for the apparent “curse” words. Didn’t know the d word was bad here.

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Mine is the opposite, I check CK scores first, then check Fico scores to lift my spirits. My Fico scores are 722-725-730 EX=EQ-TU while my CK Vantage scores are 678-672 TU-EQ. Thank goodness no major lender uses Vantage scores.

And a tip: Credit Karma score is always WAY off, because Vantage is based on a garbage scoring model. And their credit app "recommendations" are also garbage, 75% of their recommendations are for cards I already have, 20% are for lenders like Chase & Citi who would never approve me as I included them in my 2010 BK, and the other 5% are for personal loans I don't need or want.

Other than that, Credit Karma is worth exactly what you pay for it.

[AZEsq]

CK is virtually worthless and their scores for me are over 50 points below my ficos. I opt out to all their crappy emails and marketing. The only thing I MAY use them for is to check when I want to see if they reported a payment or large purchase 🤷🏾‍♀️ They report faster than anyone except Experian.

[Anonymous]

CK isn't worthless at all.  Their TU/EQ reports are updated weekly and even more often if you have things changing on your report frequently.  That for free is very valuable.

Their VS 3.0 scores are insignificant and unmeaningful, but their reports are an excellent tool.

[Anonymous]

I have to agree that CK is a very useful tool.
Being able to see changes frequently (and for free), is a huge bonus. The scores may be on a different system but the data is all the same. If you have a derogatory on CK then it's something you need to take care of because it will be on your FICO scored reports as well.
It's all of the same data just weighted differently.

Also, as for me, my CK scores are significantly lower than my FICO scores.

I pull FICO scores once a month and take my CK scores weekly or as often as any changes occur.

YMMV

[Thomas_Thumb]

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@Physh1 wrote:

VantageScore was developed by the three credit reporting companies which are obviously Equifax, Experian, and TransUnion. There is no link between Fico & VS....completely different fundamental functions & calculations. It's like a square peg & round hole....zero in common. If you really just look at VS as an educational platform & basic monitoring it's fine. Credit Sesame uses it too...Amex offers it now too.

I see these Credit Karma/Credit Sesame sucks stuff all over...it's never meant to be something like Fico. They are fundamentally different. It's not CK's 'fault' or Credit Sesame's 'fault'...people just keep putting faith into something they think is something else...

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^ True VantageScore is a credit scoring model developed independent of Fico. Intent was to compete against Fico with a better algorithm -not be Fico. Thus, the original score range of 501 to 990. However, this score range was not embraced in the marketplace. As a result the score range was changed to 300 - 850 in VS 3.0, specifically to appear more like Fico. That being said the VS algorithm is not a Fico imitation/simulator.

Personally, my VantageScores are closer to my Classic Fico 8 scores than are my Classic Fico 04 or Classic Fico 98 scores. They use different algorithms from one another - but they all give clean files higher scores and reward low utilization.

[Anonymous]

At the very top end, FICO 8 scores are always going to be higher than VS 3.0 scores I believe.  TT can correct me if I'm wrong, but I think 839-840 is about the highest we've seen people report their VS 3.0 scores being, even though the model caps out at 850 just like FICO 8.  If you take people with 850 FICO 8 scores, usually their VS 3.0's are in the upper 830's from what I've seen.  For example, I'm usually at 850 on FICO 8 and my VS 3.0's are 837-838.

[Anonymous]

I think vantage scores are fine and everything they recommend to improve your vantage score will also improve your fico scores..

My vantage scores are the lowest @ about 20 poins lower than my fico 8 and then bankcard 8 is another 20-30 points higher than the regular 8.

Right now.. Vantage is 750, Fico 8 is 771, bankcard 8 is 799.. Oldest account is only 1yr 5mo.

It seems the higher my scores get the further fico pulls ahead of Vantage.. 

[Anonymous]

On December 31, 2018 I had a TU VS3 score of 629 with just 1 account on my file - an SSL at 8.47%.

It's now 730 after having 2 cards open for 4 months, and my FICO 8 is 705.

44 points of that jump came this month, when VS3 saw my cards at 3 months old, whereas FICO saw them at 3 last month.

I had a black hole for credit history prior to opening an SSL in December 2017.

When that SSL closed and 2 new revolving reported, TU FICO 8 took a nosedive to 689, but VS3 went up 43 points to 672.