Credit Karma

[Anonymous]

This week I wanted to app for a new card at hhgregg . Moving into a new apartment and wanting this card. I checked my credit karma score. I was shocked to see that my Trans Union score was poor at 626. Immediatly I said " Thats not right !" . I logged into my fico account, bought my Trans Union score for today and my score was 684, Equifax was 656.

So 1. Just wanted to document that yes credit karma scores are way off, BUT its a good service for free to monitor your report. and

       2. With those scores , do you think I should App for the Hhgregg store card ? Do you think Id qualify ? No baddies,  about 20% utilization, which will be even lower next month once I pay a large blance off.  Let me know what you think Thanks guys-

[Anonymous]

From what I read, someone posted that CK doesn't take into consideration closed accounts (such as paid off auto loans), so that might cause the discreptancy.

I am not 100% sure however, so take that with a big spoonful of salt.

I don't know what scores/profiles hhgregg is looking for, so I can't help u with that. best bet is to check reviews on finance globe and CK and whogavemecredit. Hopefully people who got approved posted their info on it.

[shorrttyycm1]

I use credit karma to keep track of what my accounts are doing but I try to ignore the score. still, gotta admit i do get nervous when i see the score drop lol.

[dddewdrop]

    The scores on CreditKarma are 2 Transunion scores from different credit models than the fico one. The world of Transunion credit scores is a crowded one. There are at least 3 types of real FICO scores out there, TU98 (available on this site),TU04 (what most lenders use), TU08 (available for free with Walmart Card), TU transrisk (available on creditkarma.com ), and TU vantage score (creditkarma). So comparing your creditkarma score to another TU score is like comparing apples and oranges because they are based on different things. According to the creditkarma website,

"

The TransRisk score is based on a more classic credit scoring model that primarily weighs payment history, debts, length of credit history, number of recent credit inquiries, and mix of credit usage to calculate your credit score.
The VantageScore is based on the next-generation scoring model developed to help better assess consumers' creditworthiness. The VantageScore model primarily weighs your payment history, credit utilization, outstanding balances, length of credit history, recent credit, and available credit to calculate your credit score."

   Of all these scores the most used one as far as I can tell is the TU04 score. To find out what yours is a lender needs to pull it. The other 2 TU FICO scores TU98 and TU08 should be close to it but you are not alone in finding that the creditkarma scores bare little resemblance to the real FICO scores.  You can purchase the TU98 score on this site if you wish and that should much more accurately approximate your real TU04 score.

[youngandcreditwrthy]

It's GE backed, right?

I bet you could get a couple thou for a limit.

App!!! Assuming you have sufficient income

[thom02099]

---

@Anonymous wrote:

This week I wanted to app for a new card at hhgregg . Moving into a new apartment and wanting this card. I checked my credit karma score. I was shocked to see that my Trans Union score was poor at 626. Immediatly I said " Thats not right !" . I logged into my fico account, bought my Trans Union score for today and my score was 684, Equifax was 656.

So 1. Just wanted to document that yes credit karma scores are way off, BUT its a good service for free to monitor your report. and

       2. With those scores , do you think I should App for the Hhgregg store card ? Do you think Id qualify ? No baddies,  about 20% utilization, which will be even lower next month once I pay a large blance off.  Let me know what you think Thanks guys-

---

Regarding your inquiry about H H Gregg, do I think you'd qualify?  Probably.  Depends on who they pull, it could be EX.  Do you know where you are with EX? 

But as a caution, I'd suggest a Google search for reviews of the card.  There's a goodly number of negative reviews about it, and you can probably get other cards that might satisfy your need.  With the cards you have listed in your signature, if you're looking to spend more than your current limits, you could also  try for a CLI. 

Regarding CK, yup...they're only good as a tool for monitoring trends, and even there they can be off big time.  My CK report has a CAP1/HSBC card that I closed some time ago as appearing again on my report.  It doesn't hurt me as it was a toy limit anyway, but it's reporting.  I sent CK staff a message about that, and their response was they "only report what TU provides them".  So I checked my TU report direct, and the CAP1/HSBC account is showing as closed by consumer.  So I'm not sure where CK is getting this, or if they are using old data for that particular account.  Since it's not hurting, it's not a problem, but just another example of CK's inaccuracy. 

[Burned2manybridgesB4]

OP, if you're looking for the toys, why not try for the Wally Card, and get your TV there? It's GEMB...your scores are good for them.

[john398]

---

@thom02099 wrote:

---

@Anonymous wrote:

This week I wanted to app for a new card at hhgregg . Moving into a new apartment and wanting this card. I checked my credit karma score. I was shocked to see that my Trans Union score was poor at 626. Immediatly I said " Thats not right !" . I logged into my fico account, bought my Trans Union score for today and my score was 684, Equifax was 656.

So 1. Just wanted to document that yes credit karma scores are way off, BUT its a good service for free to monitor your report. and

       2. With those scores , do you think I should App for the Hhgregg store card ? Do you think Id qualify ? No baddies,  about 20% utilization, which will be even lower next month once I pay a large blance off.  Let me know what you think Thanks guys-

---

Regarding your inquiry about H H Gregg, do I think you'd qualify?  Probably.  Depends on who they pull, it could be EX.  Do you know where you are with EX? 

But as a caution, I'd suggest a Google search for reviews of the card.  There's a goodly number of negative reviews about it, and you can probably get other cards that might satisfy your need.  With the cards you have listed in your signature, if you're looking to spend more than your current limits, you could also  try for a CLI. 

Regarding CK, yup...they're only good as a tool for monitoring trends, and even there they can be off big time.  My CK report has a CAP1/HSBC card that I closed some time ago as appearing again on my report.  It doesn't hurt me as it was a toy limit anyway, but it's reporting.  I sent CK staff a message about that, and their response was they "only report what TU provides them".  So I checked my TU report direct, and the CAP1/HSBC account is showing as closed by consumer.  So I'm not sure where CK is getting this, or if they are using old data for that particular account.  Since it's not hurting, it's not a problem, but just another example of CK's inaccuracy. 

---

Are you saying its showing up as open on your CK or just showing up? I have some closed accounts showing up on CK but they show as closed

[thom02099]

---

@john398 wrote:

---

@thom02099 wrote:

---

@Anonymous wrote:

This week I wanted to app for a new card at hhgregg . Moving into a new apartment and wanting this card. I checked my credit karma score. I was shocked to see that my Trans Union score was poor at 626. Immediatly I said " Thats not right !" . I logged into my fico account, bought my Trans Union score for today and my score was 684, Equifax was 656.

So 1. Just wanted to document that yes credit karma scores are way off, BUT its a good service for free to monitor your report. and

       2. With those scores , do you think I should App for the Hhgregg store card ? Do you think Id qualify ? No baddies,  about 20% utilization, which will be even lower next month once I pay a large blance off.  Let me know what you think Thanks guys-

---

Regarding your inquiry about H H Gregg, do I think you'd qualify?  Probably.  Depends on who they pull, it could be EX.  Do you know where you are with EX? 

But as a caution, I'd suggest a Google search for reviews of the card.  There's a goodly number of negative reviews about it, and you can probably get other cards that might satisfy your need.  With the cards you have listed in your signature, if you're looking to spend more than your current limits, you could also  try for a CLI. 

Regarding CK, yup...they're only good as a tool for monitoring trends, and even there they can be off big time.  My CK report has a CAP1/HSBC card that I closed some time ago as appearing again on my report.  It doesn't hurt me as it was a toy limit anyway, but it's reporting.  I sent CK staff a message about that, and their response was they "only report what TU provides them".  So I checked my TU report direct, and the CAP1/HSBC account is showing as closed by consumer.  So I'm not sure where CK is getting this, or if they are using old data for that particular account.  Since it's not hurting, it's not a problem, but just another example of CK's inaccuracy. 

---

Are you saying its showing up as open on your CK or just showing up? I have some closed accounts showing up on CK but they show as closed

---

In the past, CreditKarma has only shown open accounts; closed accounts didn't appear there.  This has been cited as one of the reasons to not take the CK scores seriously, since they don't provide the big picture.  For example, CK shows only my open credit card accounts as well as open loans.  But in addition to the CAP1/HSBC closed account, I have other, older (some much older) credit card accounts that show on my report as closed by consumer but don't show up on the CK report.  AND when I closed this account, it did not show up on the CK report once it was closed (in Sept/2012), but re-appeared in February 2013.  It still positively reports, but is just contrary to what CK has historically not done...report closed accounts.  Additionally, I have loan accounts as well, but showing only 3 open.  My total history, all positive/no negatives, has 41 accounts listed, but I only have 20 open accounts across all my accounts.  Nothing closed shows on CK...except the CAP1/HSBC. 

[john398]

I have had lots of closed accounts showing up on Credit Karma including mortgages and installment loans as well as credit cards , i never had an issue with ck not showing closed accounts