Credit Karma sucks!!!

[Anonymous]

When I got the Alliant share secured loan and paid it down to less than 10% my FICO 8 scores went up 20 (dirty reports) to 30 points (clean report) meanwhile my VantageScore 3 went down 5-10 points.

Recently I let a 40% balance report on a card with a low limit and my VantageScore went down 20 points but FICO 8 only went down about 5 points.

I'm also not aware of any bank that uses Vantagescore to make credit decisions.

[Anonymous]

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@Anonymous wrote:

I'm also not aware of any bank that uses Vantagescore to make credit decisions.

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That's because there are none and you will never get a denial based on Vantage Score.  I know Amex can deny specifically for FICO score (I've gotten that denial before) and another creditor once listed my denial reason as "FICO score too low" but you will never see a Vantage Score denial -- not from a credit card, not from an insurer, not from a landlord, not from anyone.

Vantage Score markets themselves as "providing billions of credit scores annually" but the only people they provide credit scores to are on free credit monitoring sites like CK.  No one pays more than pennies for a VS pull, versus what can be dollars for a FICO pull.

[Revelate]

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@Anonymous wrote:

When I got the Alliant share secured loan and paid it down to less than 10% my FICO 8 scores went up 20 (dirty reports) to 30 points (clean report) meanwhile my VantageScore 3 went down 5-10 points.

Recently I let a 40% balance report on a card with a low limit and my VantageScore went down 20 points but FICO 8 only went down about 5 points.

I'm also not aware of any bank that uses Vantagescore to make credit decisions.

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Yeah unlike FICO (as near as I can tell excluding NextGen) Vantage appears to distinguish different installment loan types; I got a huge boost when my mortgage reported on VS, 740 to 780 style and that was with baby loans at pretty utilization ratios on it.

[Anonymous]

Theyre telling me my TU is at 650 and I just had it pulled at over 700.....go figure.

[pipeguy]

If the thread title said Credit Karma Scores Suck I'd agree, my FICO 8 and 9 scores are high 700's to just over 800 depending on the time of the month and a few other factors very good to excellent yet CK scores are 100+ points less across the board. That said the service/system is free and the reporting and tracking is just fine. Does it annoy me to see my CK scores in the 670's when it fact they are in the 760's to 780's ? Yeah a little, but if another scoring service was giving me straight 840's using their model, it's still useless. 

Truth in advertising I check CK every week but ignore the scores other than for laughs. 

edit/add: Cap-1's CreditWise is just as useless and its based on Vantage Scores too - if they were worthwhile, way does Cap-1 triple pull all three CRA's for app's?  

[elim]

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@Shogun wrote:

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@itspnutbutterkellytime wrote:

Credit Karma uses a Vantage score which is a completely different scoring model than FICO. I only use CK to monitor the things on my reports; I ignore the scores completely. Very few lenders, if any, use the Vantage score. 

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I really like this answer!

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  My small Credit Union used V3 TU when I opened a SSL a couple years ago (and I assume they still do).

[Anonymous]

I only use ck for monitoring purposes. The score is useless even though transunion sells the score to you. But lenders uses fico score.